Investments

• Tuesday, March 15th 2011 - 09:55 UTC

  Repsol continues to cut its holdings in Argentina’s YPF

  

  Repsol YPF, (REP) Spain’s biggest oil company, agreed to sell 3.83% in YPF for 639 million US dollars, cutting its holding in the Argentine unit to 76%, and said it plans to sell more shares through a public offering.

• Monday, March 14th 2011 - 18:01 UTC

  Falklands’ oil company announces further drilling and seismic surveying

  

  One of the Falkland Islands oil and gas exploration companies currently involved in the oil exploration round with licences granted by the Falklands’ government announced it plans further drilling and has acquired new 3D seismic data while it continues with the wider seismic program.

• Thursday, March 10th 2011 - 06:40 UTC

  Shanghai Disneyland set to open in 2015 at a cost of 3.7 billion USD

  

  Walt Disney’s theme park in Shanghai will be built in a 7 square-kilometre area that the city has designated as a tourist destination, according to a draft blueprint of the project.

• Tuesday, March 8th 2011 - 23:29 UTC

  Monte Grande dam project in the Amazon steams full ahead

  

  Work on the Belo Monte giant hydroelectric dam complex in the Amazon, which has generated much controversy in Brazil because of its environmental impacts, officially began Monday, (in spite of Carnival celebrations) according to the Norte Energia consortium.

• Tuesday, March 8th 2011 - 04:52 UTC

  Chile’s Concha y Toro acquires California’s Fetzer Vineyard

  

  Chile’s Concha y Toro, Latin America’s largest wine producer, sealed a deal this week with Brown-Forman’s Fetzer Vineyards in a transaction worth 238 million US dollars to purchase its portfolio of American wine brands. The sale is expected to close in April 2011.

• Tuesday, March 8th 2011 - 02:05 UTC

  Uruguayan investors purchased 1.1 million hectares in the Paraguayan Chaco

  

  Uruguayan investors have purchased an estimated 1.1 million hectares in the Paraguayan Chaco, (heartland of landlocked Paraguay) in spite of the fact land prices have quadrupled in the last two years. The record year was 2010 with 200.000 hectares.

• Saturday, March 5th 2011 - 05:47 UTC

  Brazilian regulators approve LAN/TAM merger to become Latam’s largest airline

  

  Brazil's civil aviation authority passed on Thursday the planned combination between Brazilian airline TAM and Chilean rival LAN with no restrictions, giving a boost to their project to create Latin America's largest airline and the third largest in the world.

• Friday, March 4th 2011 - 01:31 UTC

  Bolivia signs gas exploration agreements with Petrobras and Repsol

  

  Bolivia's state-owned oil company YPF Bolivianos said this week that it has signed oil and gas exploration agreements with Brazil's Petrobras and Spain's Repsol.

• Thursday, March 3rd 2011 - 05:23 UTC

  Argentine/Chinese corporation buys Exxon downstream assets in Mercosur

  

  Pan American Energy has agreed to buy an oil refinery and more than 700 service stations in Argentina, Paraguay and Uruguay from Exxon Mobil Corp for which it will be paying an estimated 850 million US dollars.

• Wednesday, March 2nd 2011 - 06:12 UTC

  Tokyo Sky Tree with 601 meters became the world’s highest self-standing tower

  

  Tokyo Sky Tree, under construction in Tokyo, topped the 600-meter mark Tuesday, becoming the world’s highest self-standing tower nearly two years and seven months after the construction began in July 2008, the operator said.