Investments

• Tuesday, June 14th 2011 - 22:20 UTC

  Facebook preparing for public offering; company value over 100 billion USD

  

  Facebook is preparing to file for an initial public offering as early as October or November that could value the popular social networking site at more than 100 billion US dollars, financial news channel CNBC reported this week.

• Saturday, June 11th 2011 - 11:16 UTC

  President Mujica claims attempts to weaken him government “so I have to leave”

  

  A controversy over land taxes inside the Uruguayan government exposed claims from President Jose Mujica that “meetings are taking place to debilitate his administration and even possibly remove him”

• Saturday, June 11th 2011 - 10:38 UTC

  Successful launching of Argentine/NASA satellite to map oceans’ surface salinity

  

  The joint Argentine/US satellite Aquarius/SAC-D (Satellite de Aplicaciones Cientaficas) mission was successfully launched Friday from Vandenberg military air base in California. Argentine president Cristina Fernandez de Kirchner said the Argentines “on this day should feel happy and proud”.

• Friday, June 10th 2011 - 15:32 UTC

  Petrobras double-strike: major discovery in US Gulf of Mexico and in Brazil

  

  Lucky week for Brazil’s Petrobras that announced major oil and gas discoveries in the US Gulf of Mexico and off the coast of Spirito Santo in Brazil.

• Friday, June 10th 2011 - 15:17 UTC

  Uruguay completes 2D offshore geophysical surveying for September’s oil round

  

  In anticipation of Uruguay Oil Round II, scheduled for next September, Singapore based Reflect Geophysical Pte Ltd announced the completion of the survey for the acquisition of geophysical data in the Uruguayan offshore, through the seismic vessel R/V Reflect Aries.

• Friday, June 10th 2011 - 05:10 UTC

  China and Uruguay sign 17 cooperation accords and 530m USD trade package

  

  Visiting Chinese Vice-President Xi Jinping signed Wednesday in Uruguay 17 cooperation agreements and trade contracts for the purchase of 530 million US dollars in Uruguayan goods before leaving for Chile the third leg of his tour of Latin America.

• Thursday, June 9th 2011 - 08:56 UTC

  Uruguayan government divided over implementation of a new tax on farmland

  

  The Uruguayan government is trying to decide how to implement a controversial new tax on land holdings involving approximately 60 million dollars per annum and which has exposed deep differences in the ruling coalition, is rejected by farmers and feared by investors.

• Thursday, June 9th 2011 - 08:36 UTC

  Oil company confirms Falklands drilling and farm-out accord in coming months

  

  Falkland Oil & Gas confirmed on Wednesday drilling operations will begin in the first quarter of 2012 and revealed it is in early talks with firms interested in taking part in its exploration program south of the Falkland Islands. The company however anticipated it did not expect to conclude any farm-out agreement until later this year.

• Wednesday, June 8th 2011 - 23:32 UTC

  Brazil unveils plan and incentives to boost ethanol production

  

  Brazil's government unveiled new financing and other incentives for sugar cane ethanol production, vowing to work closely with the private sector to boost production in an industry that has struggled recently despite its immense promise.

• Wednesday, June 8th 2011 - 23:20 UTC

  China completes first high-speed electric train for Rio do Janeiro

  

  China has built the first high-speed electrical train for Brazilian capital Rio de Janeiro in time for use during the 2014 World Cup Football and 2016 Olympic Games.