Investments

• Thursday, June 30th 2011 - 17:42 UTC

  Colombian group takes over Uruguay main supermarkets chain, Disco and Devoto

  

  France’s Casino Guichard-Perrachon Colombian retailing branch, Exito announced the signing of a share purchase agreement for the acquisition of Casino' majority stakes in Uruguay’s main supermarket chain Disco and Devoto in an operation involving 746 million US dollars.

• Monday, June 27th 2011 - 07:25 UTC

  Falkland Islands: Rockhopper 14/10-5 Appraisal well update – flow test result

  

  Rockhopper Exploration, the North Falkland Basin oil and gas exploration company, is pleased to provide the following update on the flow test carried out at well 14/10-5. * Well flowed at commercially viable rates. * Well flowed at stabilised rates of 5508 stb/ * l achieved a maximum stabilised flow rate of 9036 stb/d

• Monday, June 27th 2011 - 05:26 UTC

  Three risk rating agencies have Colombia with investment grade

  

  Fitch Ratings raised Colombia to investment grade last week, becoming the third Wall Street agency to elevate the country this year to the coveted status, opening the door to a broader range of investors.

• Friday, June 24th 2011 - 22:15 UTC

  Malaysia’ AirAsia sings 18.5bn USD contract for 200 A320neo

  

  Malaysia’s AirAsia signed an 18.5 billion US dollars landmark deal for 200 A320neo Airbus, with an option for another 100, making AirAsia the biggest airline customer for the European corporations for the single-aisle product line worldwide.

• Friday, June 24th 2011 - 19:46 UTC

  Potassium mining project that could make Argentina top exporter is suspended

  

  The government of the Argentine province of Mendoza is studying documents presented by Vale that could allow the Brazilian miner to continue with a 4.6 billion US dollars potassium project, said an official in Mendoza.

• Thursday, June 23rd 2011 - 08:48 UTC

  LAN becomes best Airbus client in Latam: it ordered 20 Airbus A320neos

  

  Chile’s LAN Airlines has placed a firm order at the 49th Le Bourget Airshow for 20 eco-efficient Airbus A320neos as part of its expansion strategy and fleet-renewal program. The aircraft are expected for delivery 2017/2018.

• Thursday, June 23rd 2011 - 00:21 UTC

  Zamin Ferrous project in Uruguay to be submitted to referendum, says President Mujica

  

  President Jose Mujica said that Swiss-based Zamin Ferrous iron-ore project feasibility study for an 18 million mt/year project has not been approved and given the controversy that has surfaced he supports the idea of holding a referendum on the project.

• Tuesday, June 21st 2011 - 05:50 UTC

  UK Deputy PM arrives in Brazil to promote trade and investment

  

  British Deputy Prime Minister Nick Clegg arrives Tuesday in Brazil with a numerous delegation of business leaders, academics and sports figures to promote bilateral trade with Latin America’s largest economy.

• Tuesday, June 21st 2011 - 03:46 UTC

  A million acres estancia in north-west Argentina on sale

  

  Estancia Punta del Agua, probably the largest ever block of freehold land to come onto the market in north Argentina is being sold by London based agent Savills. The estate in San Juan province in the north west of the country is currently owned by a family company and is described as having enormous potential for agricultural or eco power possibilities.

• Tuesday, June 21st 2011 - 03:21 UTC

  Argentine-Italian group invests in RD for the Brazilian oil industry

  

  The Argentine-Italian group Tenaris announced it will begin the construction of its Research & Development Center in July 2011. The new facility will be located in the Rio Technology Park at Ilha do Fundão, Rio de Janeiro, Brazil.