Investments

• Tuesday, May 10th 2011 - 22:38 UTC

  YPF makes large shale oil discovery, equivalent to 6% of Argentina’s reserves

  

  Argentine President Cristina Fernández de Kirchner announced on Tuesday that YPF energy company had made a large shale oil discovery in Neuquén province, a find that she considered to be of extreme importance, since “it will allow for us to maintain and further promote development” throughout the country.

• Tuesday, May 10th 2011 - 21:11 UTC

  Microsoft buys Skype for 8.5bn USD; targets Google leading position in advertising

  

  Microsoft Corporation agreed to buy Skype Technologies SA for 8.5 billion US dollars in cash to gain the world’s most popular Internet calling service and its 663 million customers.

• Tuesday, May 10th 2011 - 09:55 UTC

  Brazil considering leasing farm land to foreigners to circumvent sales restrictions

  

  Brazil may start leasing farm land to foreigners to find a way around new legal restrictions on land sales and attract more foreign investment, the agriculture minister said.

• Monday, May 9th 2011 - 18:59 UTC

  Brazil’s Vale invests 2 billion USD to develop Mozambique vast coal reserves

  

  The world’s largest iron-ore producer, Brazil’s Vale will double investments in Mozambique to 4 billion US dollars in the next four years, said on Monday Chief Executive Officer Roger Agnelli.

• Monday, May 9th 2011 - 18:48 UTC

  Repsol plans to sell an additional 3% of YPF in the Argentine market

  

  Spain’s oil company Repsol plans to sell up to 3% of YPF on the Argentine market as part of a gradual divestment of its stake in that unit, according to company sources.

• Friday, May 6th 2011 - 17:29 UTC

  Brazil’s inflation peaks in April, but prices should begin slowing down in May

  

  Brazil’s benchmark consumer price index in April exceeded the upper limit of the government’s target range for the first time since 2005 but officials are confident April was a peak and during May the tendency is for inflation to decelerate.

• Friday, May 6th 2011 - 17:24 UTC

  Top US grain processors join the ‘bio-fuel refineries rush’ in Brazil

  Cargill Inc and the world’s largest grain processor Archer-Daniels-Midland Co, are planning to invest about 560 million US dollars in new bio-fuel refineries in Brazil.

• Friday, May 6th 2011 - 07:20 UTC

  Falklands’ oil companies contract more sophisticated exploration rig

  

  Borders and Southern Petroleum PLC licensed for oil exploration in the Falkland Islands announced Friday the signing of a new rig contract with Ocean Rig under which the Eirik Raude has been replaced by the Leiv Eiriksson.

• Friday, May 6th 2011 - 06:29 UTC

  FDI in Uruguay has soared in last five years and reached 1.6 billion USD in 2010

  

  Foreign direct investment, FDI, in Uruguay during 2010 reached 1.627 billion US dollars which represents a 29% increase over 2009 and puts the country among the top six FDI recipients in South America and eighth in the region, according to the latest report from the UN Economic Commission for Latin America and the Caribbean, ECLAC.

• Friday, May 6th 2011 - 02:14 UTC

  Iron-ore price doubles in a year; Brazil Vale’s profits soar to 6.8bn in first

  

  Brazil’s Vale, the world’s largest iron ore producer, posted a record quarterly profit as mineral prices and sales of metals including copper and nickel surged. Net income increased to 6.83 billion USD from 1.6 billion, in the year-ago period, Vale announced Thursday in a regulatory filing.