Investments

• 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.

• Monday, May 30th 2011 - 05:33 UTC

  Miami Herald sells HQ in downtown to a hotels and cruise line group

  

  The publishing company of the Miami Herald, McClatchy Co. (MNI) sold a 14-acre parcel of Miami prime land for 236 million US dollars to Genting Malaysia, a sale begun six years ago by then- independent Knight Ridder Inc.

• Monday, May 30th 2011 - 02:39 UTC

  Latam’s largest bank has requested to operate in Uruguay as commercial bank

  

  Banco do Brasil, Latin America’s largest financial institution has requested a licence to operate in Uruguay as a commercial bank according to the Brazilian government’s news agency.

• Friday, May 27th 2011 - 22:37 UTC

  Chile’s pulp giant Arauco trebles profits in first quarter of 2011

  

  Chile’s Arauco the forestry and pulp unit belonging to the Copec group, trebled profits in the first quarter boosted by higher international prices and sale volumes particularly pulp, according to the company’s latest financial report.

• Friday, May 27th 2011 - 12:38 UTC

  Impact investment fund targeting low-cost housing in Brazil launches in London

  

  Origen Private Equity Ltd., a boutique investment firm headquartered in London, is launching in June what is set to be the first impact investment fund developing low-cost housing in north-east Brazil in conjunction with the Brazilian government's Minha Casa Minha Vida programme.

• Friday, May 27th 2011 - 08:48 UTC

  Real estate operations in Punta del Este reached 2.25 billion USD in 12 months

  

  Real estate operations in Uruguay’s hottest resort and leisure farms’ area totalled 2.55 billion US dollars in the twelve months to April 2011, equivalent to daily deals involving 7 million USD.

• Friday, May 27th 2011 - 08:44 UTC

  Roubini forecasts Uruguay needs additional measures to contain inflation

  

  Roubini General Economics, RGE, founded by Nouriel Roubini the economist described as Dr. Doom for having predicted long before his peers the US financial and mortgage crisis said the Uruguayan government must apply additional measures to higher rates and bank reserves, to help contain inflation.

• Thursday, May 26th 2011 - 19:53 UTC

  Construction of Uruguay’s second pulp mill begins with concern on costs in Pesos

  

  The scarcity of qualified labour and the increase in costs have become a growing concern for the pulp mill that Chilean and Scandinavian investors are building in Conchillas, Uruguay.

• Wednesday, May 25th 2011 - 22:49 UTC

  Brazil’s Vale to invest 2.9bn USD in the country’s largest port by volume

  

  Brazil’s Vale Doce, the world’s biggest iron-ore producer, said it will invest 2.9 billion US dollars to increase the capacity of the Ponta da Madeira terminal in northern Brazil, making it the largest port in the country by volume.

• Wednesday, May 25th 2011 - 22:37 UTC

  Uruguay/Argentine LNG floating terminal project attracts 39 industry leaders

  

  Uruguay and Argentina have received interest from 39 companies to build infrastructure for a floating LNG terminal, a project they are fast-tracking to start operations by the end of 2013, a project adviser said Tuesday.