Investments

Wednesday, October 20th 2010 - 03:10 UTC
Another Indian outsourcing services company moves into Mercosur

Aegis, the outsourcing services arm of steel-to-shipping conglomerate Essar Group on Tuesday said it has signed an agreement to acquire Argentine business process outsourcing firm, Actionline.
Wednesday, October 20th 2010 - 03:06 UTC
US Treasury launches fourth sale of Citigroup common stock

The US Treasury Department said it has launched a fourth sale of 1.5 billion shares of Citigroup Inc common stock under a prearranged trading plan.
Wednesday, October 20th 2010 - 03:02 UTC
Fiat plans to invest 6 billion USD by 2015 in Brazil to boost production

Italy's Fiat will invest 10 billion Reais (USD 6 billion) in Brazil by 2015 in operations that include production of cars, auto parts and agricultural machinery.
Tuesday, October 19th 2010 - 03:50 UTC
Brazil’s Vale “very well positioned” to continue as world’s largest mining group

Brazil’s Vale Rio Doce, the world’s biggest iron- ore miner, said it is not planning any more acquisitions because it has enough assets to double its capacity.
Monday, October 18th 2010 - 22:42 UTC
Brazil becomes magnet for Chilean investors; trade in 2010 soars 66%

This year Brazil has emerged as Chile's largest trading partner in South America and one of the most important destinations for Chile's investment. Overall, trade between Brazil and Chile has grown 66%, while Brazil replaced Colombia as second highest location for Chilean Investment.
Monday, October 18th 2010 - 21:58 UTC
Rockhopper plans to raise £ 200 million for further oil drilling in Falklands

Rockhopper Petroleum Plc, an oil explorer focused on the Falkland Islands, plans to raise about £200 million (318 million USD) through a share placement to pursue additional appraisal of its Sea Lion prospect.
Wednesday, October 13th 2010 - 00:57 UTC
Uruguay authorizes Stora Enso to build a pulp mill next to the River Plate

Uruguay announced that it will authorize Finland’s Stora Enso so build one of the world’s largest pulp mills but also warned about “wide ranging, strict supervision” of the environment to comply with international practice and to avoid problems with neighbouring Argentina, as happened with Botnia.
Saturday, October 9th 2010 - 05:14 UTC
Saudi business delegation visits Uruguay interested in secure reliable food sources

A delegation of Saudi agro-business entrepreneurs headed by the Agriculture minister (and member of the royal family) visited Uruguay with the purpose of establishing a fluid trade exchange and on the long term a strategic alliance.
Friday, October 8th 2010 - 17:28 UTC
Falklands’ private sector project for an oil industry multi-million port

An ambitious new multi-million pound port development – specifically for the burgeoning oil industry in the Islands – has been proposed for the western coast of East Falkland Islands.
Saturday, October 2nd 2010 - 05:55 UTC
Rio Tinto/Alcan confirm interest in building aluminium industry in Paraguay

Rio Tinto Alcan presented the Paraguayan government a project for the construction of an industrial park which is to complement the aluminium plant it is planning to start in the land-locked Mercosur member country.