Investments

• Tuesday, June 21st 2011 - 03:16 UTC

  Petrobras told to control costs of its massive investment program

  

  Petrobras oil and gas corporation needs to control costs in its investment program, Brazil's Finance minister said on Monday, days after he and other board members told the company to revise an update of its 224 billion US dollars spending plan.

• Monday, June 20th 2011 - 05:43 UTC

  Chilean government sells water utility stock raises 984 million USD

  

  The Chilean Economic Development Agency (CORFO) raised US$984 million last week by selling its 29.98% stake in the country’s main water utility, Aguas Andinas SA.

• Saturday, June 18th 2011 - 03:02 UTC

  Green light for construction of Uruguay’s second pulp mill

  

  The construction of Uruguay’s second pulp mill, which includes a power plant and port facilities have been authorized following the approval of the Montes del Plata environment policies.

• Friday, June 17th 2011 - 16:43 UTC

  Venezuelan billionaire teams up with Chinese banks to invest in Latam

  

  Venezuelan billionaire Gustavo Cisneros is setting up joint ventures with Chinese banks to carry out investment in Latin American commodities industries.

• Wednesday, June 15th 2011 - 22:46 UTC

  Argentina attracted 40% of all Chinese investments in the region in last 12 months

  

  Argentina attracted 40% of all Chinese investments in the region in the last twelve months (June 2010/May 2011) and prospects remain “optimistic” reveals a report from Deloitte.

• Wednesday, June 15th 2011 - 21:53 UTC

  French giant oil group Total invests heavily in solar energy

  

  French oil and gas giant Total completed its 1.3 billion US dollars tender offer to buy a controlling 60% stake in SunPower, a California provider of solar power systems, the two companies announced Wednesday.

• Wednesday, June 15th 2011 - 21:37 UTC

  Siemens manager charged for allegedly bribing Argentine officials with 27 million USD

  

  A former management board member of Germany’s Siemens AG has been charged with breach of trust for alleged bribery payments made to win a project in Argentina, the Munich State Prosecutors office said this week.

• Wednesday, June 15th 2011 - 19:30 UTC

  Argentina industrial output up 7.9% in April and 9.2% in first four months

  

  Argentina’s industrial output rose 7.9% on the year in April and was down 0.2% on the month, the country's manufacturers association, UIA, said in a statement. In the first four months of the year industrial output was 9.2% higher than the same period in 2010.

• Wednesday, June 15th 2011 - 02:43 UTC

  “Self determination and self sufficiency”, Falklands message to the world on Liberation Day

  

  “Self-determination and self-sufficiency” is the Falkland Islands message to the world on the day the Islands commemorate the 29th anniversary of its liberation, said the Falklands’ government representative in London Sukey Cameron, who added Argentina continues with its campaign to claim sovereignty and disrupt the Falklands economy.

• Tuesday, June 14th 2011 - 22:31 UTC

  Korean Hyundai to ensure local market agrees to export Argentine bio-diesel and soy flour

  

  Korea’s Hyundai reached an agreement with the Argentine government by which it will compensate its 91 million US dollars surplus on sales to the local domestic market by promoting exports of peanuts, wine, bio-diesel and soy flour to the tune of 157 million US dollars.