Investments

Thursday, February 11th 2010 - 18:11 UTC
Growing interest of Indian companies in investing in Latinamerica

More Indian companies are looking to do business in Latinamerica as they seek exposure to growing markets and a more secure investment destination, according to The Wall Street Journal.
Monday, February 8th 2010 - 05:08 UTC
Russia displaces the US as main supplier of arms to Latinamerica

The International Institute for Strategic Studies (IISS), a British research institute focusing on international security, revealed that Russia in 2009 became the main exporter of weapons to Latin America thanks to the purchases made by Venezuela, but also to Brazil, Mexico, Peru and Colombia.
Monday, February 8th 2010 - 05:02 UTC
New Carrasco terminal among the “most beautiful airports in the world”

The new Uruguayan air terminal in Carrasco, inaugurated last November, has been included among fifteen of “the most beautiful airports in the world” according to the January edition of travel magazine “Travel+Leisure”.
Thursday, February 4th 2010 - 17:31 UTC
BBVA takes over Credit Agricole becomes Uruguay’s second largest private bank

French bank Credit Agricole SA will sell its Uruguayan subsidiary, Credit Uruguay Banco, to the local unit of Spain's BBVA it was confirmed in Montevideo and Madrid.
Tuesday, February 2nd 2010 - 12:54 UTC
FOGL and BHP Billiton planning two exploratory wells in Falklands’ waters

Falkland Oil & Gas Ltd., a United Kingdom based explorer in the South Atlantic, plans to start drilling a well southeast of the Falkland Islands in April reports Bloomberg.
Tuesday, February 2nd 2010 - 04:34 UTC
Shell and Brazilian company join to create giant ethanol producer and distributor

Brazil's Cosan, the world's largest ethanol and sugar processor, said announced Monday it signed an agreement to merge its ethanol and fuels distribution business in the country with Royal Dutch Shell in a deal valued as much as 12 billion US dollars.
Friday, January 29th 2010 - 09:19 UTC
Brazilian company invests heavily in Uruguayan dairy industry

A major Brazilian dairy corporation, Laticinios Bom Gosto will begin to build its affiliate in Uruguay next May to produce powder milk and butter mainly for the Brazilian market.
Friday, January 29th 2010 - 09:12 UTC
Argentine teamsters’ boss penchant for a five-star hotel in Punta del Este

The head of Argentina’s powerful trade union confederation (CGT), teamster Hugo Moyano strongly denied Thursday that his union had plans to purchase a hotel in the Uruguayan posh sea side resort of Punta del Este.
Thursday, January 28th 2010 - 05:24 UTC
Apocalyptic forecast about G-7 countries from investment advisor

A top investment advisor has described Britain's economy as a 'must to avoid' and says 'gilts are resting on a bed of nitro-glycerine'. Bill Gross, manager of the world's biggest bond fund Pacific Investment Management Co made the comments as he warned investors to shy away from government debt, especially in the G7 industrialised nations.
Thursday, January 21st 2010 - 12:12 UTC
BHP Billiton confirms oil exploration commitment in Falklands’ waters

BHP Billiton Ltd., Australia’s biggest oil and gas producer, boosted its forecast for petroleum exploration spending by 33% because of an increase in drilling in the US Gulf of Mexico and offshore Australia.