Investments

• Friday, January 29th 2010 - 09:12 UTC

  Argentine teamsters’ boss penchant for a five-star hotel in Punta del Este

  

  The head of Argentina’s powerful trade union confederation (CGT), teamster Hugo Moyano strongly denied Thursday that his union had plans to purchase a hotel in the Uruguayan posh sea side resort of Punta del Este.

• Thursday, January 28th 2010 - 05:24 UTC

  Apocalyptic forecast about G-7 countries from investment advisor

  

  A top investment advisor has described Britain's economy as a 'must to avoid' and says 'gilts are resting on a bed of nitro-glycerine'. Bill Gross, manager of the world's biggest bond fund Pacific Investment Management Co made the comments as he warned investors to shy away from government debt, especially in the G7 industrialised nations.

• Thursday, January 21st 2010 - 12:12 UTC

  BHP Billiton confirms oil exploration commitment in Falklands’ waters

  

  BHP Billiton Ltd., Australia’s biggest oil and gas producer, boosted its forecast for petroleum exploration spending by 33% because of an increase in drilling in the US Gulf of Mexico and offshore Australia.

• Thursday, January 21st 2010 - 02:31 UTC

  Oil executives check preparations for rig arrival in Falklands

  

  DRILLING chemicals, pipe casing and logging equipment are just part of the mass of physical supplies being offloaded in Stanley in preparation for the arrival of the oil rig in Falkland Islands waters next month.

• Wednesday, January 20th 2010 - 09:00 UTC

  Marbled chocolate: Kraft Foods takes over Cadbury; job losses anticipated

  

  Job losses are “an inevitability” at Cadbury after its takeover by US giant Kraft Foods, the UK firm's chairman has confirmed to the BBC. Without estimating how many positions would be affected, Roger Carr said jobs would go at Cadbury's head office in Uxbridge, London.

• Wednesday, January 20th 2010 - 08:55 UTC

  Chile and China make huge investments to increase copper production

  

  Chile’s state-owned mining company, Codelco, last week announced a 1.9 billion US dollars project to develop a subterranean mine at its Chuquicamata opencast mine facility in Chile’s northern Atacama region (region III).

• Thursday, January 14th 2010 - 12:07 UTC

  Petrobras expands its operations to Portugal and Turkey

  

  Brazil’s government managed oil giant Petrobras is in talks to buy a stake in Portugal’s Galp Energia, Brazil’s Mines and Energy Minister Edison Lobao told reporters Wednesday in Brasilia.

• Friday, January 8th 2010 - 20:45 UTC

  Falkland Islands: Drilling preparations step up a gear onshore

  

  AS the semi-submersible drilling rig Ocean Guardian, contracted by Desire Petroleum from Diamond Drilling, continues to make its way south, a number of oil operators are scheduled to visit the Falklands to meet with government officials this month.

• Wednesday, January 6th 2010 - 13:08 UTC

  Brazil consolidates position a world leader in meat markets

  

  Even when Brazilian meat and chicken exports are recovering at a slower pace than anticipated, representatives from the industry and market analysts anticipate that overseas sales should retake pre-crisis levels by the end of 2010, if not in price, in volume.

• Thursday, December 31st 2009 - 04:39 UTC

  IDB record loan approvals but needs capital increase by 2011

  

  The Inter-American Development Bank set record levels of loan approvals and disbursements in 2009, playing a counter-cyclical role by providing financing to Latin American and Caribbean countries in the face of the global economic crisis.