Investments

• Wednesday, June 1st 2011 - 16:23 UTC

  Falklands’ appraisal well confirms oil quality at Sea Lion prospect discovery

  

  Rockhopper Exploration operating in the North Falkland basin has provided an upbeat update on its second appraisal well, 14/10-5, on the Sea Lion discovery which was drilled 600 m north of the 14/10-2 discovery well to a TD of 2,726 m.

• Wednesday, June 1st 2011 - 09:02 UTC

  LAN will seek another partner to expand globally if merger with Brazil’s TAM falls

  

  Chile's LAN Airlines will seek another partner or explore other options to expand internationally if a local antitrust tribunal rules against a planned merger with Brazil's TAM, according to an interview published by leading daily El Mercurio.

• Tuesday, May 31st 2011 - 22:57 UTC

  Cristina Fernandez plans to launch re-election bid June 23, says close associate

  

  Argentine President Cristina Fernández de Kirchner may announce her bid to run for re-election at a rally on June 23, according to ruling-party lawmaker and close associate of the head of state, Carlos Kunkel.

• Tuesday, May 31st 2011 - 22:55 UTC

  Mercosur and EU admit internal problems are delaying trade negotiations

  

  The European Union and Mercosur admit they have internal problems that are delaying discussions, and results, for a broad association and cooperation accord that contemplates a trade agreement questioned by strong interests from both sides.

• Tuesday, May 31st 2011 - 22:52 UTC

  Top-tier sponsors Coca Cola, Visa pressure FIFA to undertake sweeping reforms

  

  Top-tier sponsors Visa Inc and Emirates Airlines added to pressure on FIFA to undertake sweeping reform, as England urged the postponement of President Sepp Blatter's unopposed re-election.

• Tuesday, May 31st 2011 - 08:43 UTC

  Uruguay and Brazil pledge full support for Mercosur and Unasur

  

  Uruguay and Brazil pledged Monday to continue strengthening the bilateral relation and regional integration through Mercosur and Unasur, after presidents Jose Mujica and Dilma Rousseff delegations signed fifteen cooperation agreements in Montevideo.

• Tuesday, May 31st 2011 - 08:13 UTC

  Fiat was saved from collapse by sales in Latin America admits CEO Marchionne

  

  Fiat and Chrysler Group president Sergio Marchionne said on Monday that car sales in Latin America saved the corporation’s balance sheet last year and announced an overall increase in car sale operations in accordance with regional demand.

• Tuesday, May 31st 2011 - 07:58 UTC

  Hyundai Group signs agreement to build industrial lifts plant in Brazil

  

  The first Asian factory of industrial and residential lifts in Brazil will be built in the southern state of Rio Grande do Sul, it was announced Sunday in Seoul, Korea by the Hyundai Group.

• Tuesday, May 31st 2011 - 07:47 UTC

  Brazil plans massive infrastructure investment in next four years

  

  Brazil’ president of the Economic and Development Bank, BNDES, Luciano Coutinho said that the country’s investment rate in the coming four years will be equivalent to 23% of GDP, sufficient to ensure a sustained robust long term growth of Latin America’s largest economy.

• Tuesday, May 31st 2011 - 07:13 UTC

  Falklands’ Desire Petroleum completes 3D seismic program; encouraged by new prospects

  

  The Falklands oil company Desire Petroleum announced Tuesday it had completed the acquisition of 3D seismic program over an area of 1.416 kilometres with initial indications of encouraging new prospects.