Investments

• Friday, February 12th 2010 - 04:38 UTC

  Petrobras signs agreement to begin oil exploration in Uruguay’s continental shelf

  

  Brazil's state-managed oil company Petrobras signed this week an agreement with the Uruguayan state oil company Ancap to explore and produce oil and natural gas on Uruguay's continental shelf.

• Friday, February 12th 2010 - 04:29 UTC

  Uruguayan president elect captivates audience of Argentine businesspeople

  

  Uruguayan president elect Jose Mujica promised to the business elite of the River Plate economic stability, standing rules of the game, low taxes, incentives and reduced risks in exchange for productive investments in the country’s economy.

• Thursday, February 11th 2010 - 18:11 UTC

  Growing interest of Indian companies in investing in Latinamerica

  

  More Indian companies are looking to do business in Latinamerica as they seek exposure to growing markets and a more secure investment destination, according to The Wall Street Journal.

• Monday, February 8th 2010 - 05:08 UTC

  Russia displaces the US as main supplier of arms to Latinamerica

  

  The International Institute for Strategic Studies (IISS), a British research institute focusing on international security, revealed that Russia in 2009 became the main exporter of weapons to Latin America thanks to the purchases made by Venezuela, but also to Brazil, Mexico, Peru and Colombia.

• Monday, February 8th 2010 - 05:02 UTC

  New Carrasco terminal among the “most beautiful airports in the world”

  

  The new Uruguayan air terminal in Carrasco, inaugurated last November, has been included among fifteen of “the most beautiful airports in the world” according to the January edition of travel magazine “Travel+Leisure”.

• Thursday, February 4th 2010 - 17:31 UTC

  BBVA takes over Credit Agricole becomes Uruguay’s second largest private bank

  

  French bank Credit Agricole SA will sell its Uruguayan subsidiary, Credit Uruguay Banco, to the local unit of Spain's BBVA it was confirmed in Montevideo and Madrid.

• Tuesday, February 2nd 2010 - 12:54 UTC

  FOGL and BHP Billiton planning two exploratory wells in Falklands’ waters

  

  Falkland Oil & Gas Ltd., a United Kingdom based explorer in the South Atlantic, plans to start drilling a well southeast of the Falkland Islands in April reports Bloomberg.

• Tuesday, February 2nd 2010 - 04:34 UTC

  Shell and Brazilian company join to create giant ethanol producer and distributor

  

  Brazil's Cosan, the world's largest ethanol and sugar processor, said announced Monday it signed an agreement to merge its ethanol and fuels distribution business in the country with Royal Dutch Shell in a deal valued as much as 12 billion US dollars.

• Friday, January 29th 2010 - 09:19 UTC

  Brazilian company invests heavily in Uruguayan dairy industry

  

  A major Brazilian dairy corporation, Laticinios Bom Gosto will begin to build its affiliate in Uruguay next May to produce powder milk and butter mainly for the Brazilian market.

• 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.