Investments

• Friday, August 27th 2010 - 07:46 UTC

  New York’s Empire State Building looses to 15 Penn Plaza

  

  The Empire State Building has dominated the New York City skyline for a number of years since it was first built and it has become one of the top tourist destinations in the city. The building is now set to become second best however as a new building has been approved in New York city that will dominate the skyline and make the Empire State Building lose out.

• Tuesday, August 24th 2010 - 05:27 UTC

  Uruguay confident in recovering investment grade “within one or two years”

  

  Uruguay whose credit rating was cut to junk in 2002, expects to return to investment grade within two years, central bank President Mario Bergara said. “We are confident that in one or two years we will have investment grade again,” Bergara said at an investors’ conference in New York Monday.

• Friday, August 20th 2010 - 02:49 UTC

  Chile, Brazil, Bolivia to open next November Mercosur bi-oceanic corridor

  

  Presidents from Chile, Brazil and Bolivia will be inaugurating next November a Mercosur bi-oceanic corridor that will link the three countries, connecting the Atlantic with the Pacific oceans.

• Thursday, August 19th 2010 - 06:05 UTC

  Rockhopper confirms Falklands’ drilling program; shares rebound

  

  After stating that its first well (Ernest) drilled in the southern part of the North Falkland Basin has been declared dry, Rockhopper Exploration (AIM: RKH) was sold down to 265p before rallying sharply to close Wednesday only 2.5p cheaper at 301.25p.

• Wednesday, August 18th 2010 - 19:47 UTC

  Chile’s investments abroad amount to 54 billion USD, mostly Latinamerica

  

  Chile's investment abroad amounted to about 54.2 billion US dollars between 1990 and June 2010, distributed among more than 70 countries from the Americas, Europe, Asia, Oceania and Europe, according to a report released Monday by the General Directorate of International Economic Relations (DIRECON).

• Saturday, August 14th 2010 - 02:47 UTC

  Merger of Chile’s Lan and Brazil’s Tam to become the region’s largest carrier

  

  Two major South American airlines announced on Friday plans to merge and create the biggest carrier in the region. Brazil's largest airline TAM Linhas Aereas will be teaming up with Chile's LAN.

• Friday, August 13th 2010 - 04:06 UTC

  Asian and Latinamerican corporations buying Argentine assets

  

  In the nineties most Argentine companies were purchased by companies with headquarters in New York or Madrid but in this decade they come from less glamorous countries: China, India, Brazil, Russia and unsuspected places such as Mexico, Peru and Colombia.

• Friday, August 13th 2010 - 03:20 UTC

  Chilean and Swedish companies insist with new pulp mill in Uruguay

  

  Chilean wood pulp producer Celulosa Arauco y Constitucion SA seeks to continue its regional expansion as it develops plans for a new pulp mill in Uruguay, Arauco's corporate director, Franco Bozzalla, said this week.

• Thursday, August 12th 2010 - 04:05 UTC

  China on course to become biggest foreign direct investor in Brazil

  

  China's direct investment in Brazil has surged, putting China on course to be the biggest foreign direct investor in Latin America's largest economy this year.

• Friday, August 6th 2010 - 22:26 UTC

  Chilean company and US associate to develop mining project in Minnesota

  

  Jean Paul Luksic, executive president of Chilean company Antofagosta PLC, met this week with authorities and the press at the Minnesota Twins’ Target Field in Minneapolis to present the joint mining project developed with Duluth Metals – a venture now estimated to cost 2 billion US dollars.