Investments

• Wednesday, June 8th 2011 - 23:09 UTC

  GM bets strongly in South American market: 1.5 million cars per annum by 2015

  

  General Motors expects to sell 1.5 million vehicles a year in South America by 2015, up from 1.03 million last year, according to the head of the largest U.S. automaker's operations in the region.

• Tuesday, June 7th 2011 - 21:51 UTC

  Uruguay complains about low ratings from the risk agencies

  

  Economy minister Fernando Lorenzo accused rating agencies of failing to recognize the increasing strength of Uruguay’s sustained economic growth and therefore denying its investment grade status.

• Monday, June 6th 2011 - 06:34 UTC

  Major Indian oil company interested in shale gas assets in Argentina

  

  State run India OIL Ltd has drawn up a war chest of over 1 billion US dollars, for acquiring a producing oilfield abroad and the company is trawling major oil-producing geographies, among which shale gas assets in Argentina, chairman N M Borah said last week.

• Friday, June 3rd 2011 - 12:43 UTC

  Hyundai plans to produce 150.00 vehicles at its first plant in Brazil

  

  Hyundai Motor Company, South Korea’s largest automaker is constructing its seventh overseas plant in Piracicaba, Sao Paulo state, Brazil to actively respond to soaring demand in one of the world’s fastest growing markets and to bring its manufacturing presence in so-called BRIC countries full circle.

• Thursday, June 2nd 2011 - 09:36 UTC

  Argentina’s second biggest soybean producer expands in Brazil; plans shares sale

  

  Argentina’s second- biggest soybean producer Los Grobo, plans to transfer some assets to a new company and sell shares of the business in an initial public offering in Brazil.

• Thursday, June 2nd 2011 - 09:02 UTC

  CFK invites Italian businesses to invest in Argentina; announces “new phase in relations”

  

  Argentine president Cristina Fernandez de Kirchner invited Italian business-people to invest in Argentina underlining the close links between the two countries and the fact her visit was the re-launching of normal relations after a decade.

• Thursday, June 2nd 2011 - 08:57 UTC

  Rolls Royse joins Brazil’s new oil rush with plant for offshore rigs energy modules

  

  Relying on the expected growth of the oil and gas industry in Brazil and the influx of new rigs and floating production, storage and offloading, FPSO, in the Brazilian offshore market, British manufacturer, Rolls Royse is set to make a 60 million US dollars investment in a new plant to build energy modules for offshore rigs.

• Thursday, June 2nd 2011 - 04:15 UTC

  Brazil gives definitive approval to world’s third largest hydroelectric dam project

  

  Brazil's environment agency gave its definitive approval Wednesday for construction of the Belo Monte hydroelectric dam, a controversial 17 billion US dollars project in the Amazon that has drawn criticism from native Indians and conservationists.

• Thursday, June 2nd 2011 - 03:59 UTC

  Uruguay rejects Zamin Ferrous mining project environment impact report

  

  Uruguay made a long list of objections to the environment impact assessment study presented by the Aratiri mining project which plans open-pit extraction of magnetite (ferrous component) from vast resources in Valentines, the heart of the South American country.

• Wednesday, June 1st 2011 - 17:43 UTC

  Luksic family takes over Shell’s business in Chile for 663 million USD

  

  Chilean conglomerate Quinenco SA announced Tuesday it completed the purchase of Royal Dutch Shell PLC's local business for 633 million US dollars.