Investments

Friday, May 7th 2010 - 05:40 UTC
Panic in Wall Street: Possible Electronic Error Plunges Markets 1.000 Points

United States regulators and stock exchanges are searching for answers after what is believed to be an electronic trading error set off a heart-stopping plunge in markets that rivalled the crash of 1987.
Friday, May 7th 2010 - 00:44 UTC
LAN Readies Expansion into Colombian and Brazilian Markets

Chile's flagship carrier LAN Airlines S.A. (NYSE:LFL) is looking to enter the Colombian domestic passenger market by helping Colombia’s Aeroasis S.A. obtain the necessary permits to operate in the country, Chief Executive Enrique Cueto said on Thursday.
Thursday, May 6th 2010 - 20:02 UTC
New Natural Gas Discoveries in the Extreme South of Chile

Argentine based GeoPark Holdings (LON:GPK) has reported the successful testing of two new wells on the Fell Block in southern Chile.
Thursday, May 6th 2010 - 19:42 UTC
Foreign Direct Investment in Latam Expected to Soar 40/50% in 2010

Foreign direct investment (FDI) flows to Latin America and the Caribbean will rebound in 2010, rising 40% to 50%, after dropping in 2009 as a result of the global crisis, according to ECLAC's (United Nations Economic Commission for Latin America and the Caribbean) annual report released Wednesday.
Thursday, May 6th 2010 - 13:45 UTC
Oil Exploration Data Indicates the First Oil Discovery in the North Falklands Basin.

In a press release from Rockhopper Exploration (LON:RKH), the company says “the North Falkland Basin oil and gas exploration company, is pleased to announce that well 14/10-2 on the Sea Lion prospect has reached a depth of 2,744 metres.”
Thursday, May 6th 2010 - 12:08 UTC
Falklands: Sea Lion Exploration Well - 14/10-2 Oil Dicovery

Rockhopper Exploration (LON:RKH), the North Falkland Islands Basin oil and gas exploration company, is pleased to announce that well 14/10-2 on the Sea Lion prospect has reached a depth of 2,744 metres. Initial data collected indicate that this well is an oil discovery, which would be the first in the North Falkland Basin.
Thursday, May 6th 2010 - 05:34 UTC
China’s Main Oil Corporation Closes 3.1 Billion Deal with Argentina’s Bridas

China National Offshore Oil Corporation, CNOOC (NYSE:CEO) Ltd said on Wednesday it had closed a 3.1 billion US dollars deal with Argentina’s Bridas Energy Holdings (BEH) to buy a 50% stake in Bridas Corporation, a wholly owned subsidiary of BEH.
Wednesday, May 5th 2010 - 22:03 UTC
Petrobras Argentina Sells Parts of its Assets to Kirchner Couple Close Friend

Petrobras Energía (NYSE:PZE), Brazil’s government managed oil and gas corporation announced it will sell part of its assets in Argentina to Oil Combustibles SA for 110 million US dollars, including a refinery, gasoline stations and inventories.
Wednesday, May 5th 2010 - 21:19 UTC
France Demands “Fair and Prompt” Compensation for Bolivian Nationalizations

France's government demanded “fair and prompt” compensation from Bolivia for the nationalization of a power plant half-owned by French utility GDF Suez (EPA:GSZ).
Wednesday, May 5th 2010 - 06:14 UTC
China’s Tightens Credit, Pushes Stock Markets to their Lowest in Seven Months

China's stocks fell on Tuesday sending the benchmark index to the lowest in seven months, on concern ordering banks to set aside more reserves won't be enough to avert asset bubbles in the world's third-largest economy.