Investments

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.
Monday, May 3rd 2010 - 20:18 UTC
United/Continental Merger Create the World’s Largest Airline

Two US-based airlines, United (NASDAQ: UAUA) and Continental (NYSE: CAL) are merging in a 3.1 billion deal, creating the world's largest airline. The combined firm will have nearly 700 planes, 88,000 workers, and fly to 370 destinations in 59 nations.
Monday, May 3rd 2010 - 03:09 UTC
Norway Takes Over Aluminium Business and Bauxite Deposits in Brazil

Norway’s Norsk Hydro ASA (OSL: NHY), Europe’s third largest aluminum maker, agreed to buy mining and smelting assets from Vale (NYSE: VALE) in a deal valued at 4.9 billion US dollars, boosting its control over raw materials used in production.
Saturday, May 1st 2010 - 07:28 UTC
Euro Zone Leading Bank Praises Latam Growth and Financial System

Latin America currently has “the best financial system in the world”, said Francisco Luzón, member of the Board and head of the Latin American Division of Spain’s Banco Santander (NYSE:STD), the biggest bank by market capitalization in the Eurozone.
Friday, April 30th 2010 - 05:54 UTC
Uruguay’s Fray Bentos Pulp Mill Boosts Profits of Finland’s UPM

Finland’s pulp and paper manufacturer UPM's (OMX: UPM1V) Fray Bentos unit in Uruguay proved overwhelmingly the most profitable, helping to boost an otherwise first quarter profit of the year which was described as “unsatisfactory” by CEO Jussi Pesonen.
Friday, April 30th 2010 - 02:49 UTC
LAN Plans to Invest 2.83 Billion USD in 2010/2013 to Expand its Fleet

LAN (NYSE: LFL), Chile's dominant airline and flag carrier, announced Thursday it would invest 2.83 billion US dollars between 2010 and 2013 to expand its fleet. CEO Jorge Awad told a shareholder meeting the company would invest 500 million USD in 2010 and 1 billion USD in 2011 to purchase both short and long-haul aircraft.
Friday, April 30th 2010 - 01:16 UTC
Repsol YPF Plans to Raise Cash to Keep Expanding in Brazil

Repsol YPF S.A. (BMAD:REP), Spain’s biggest oil company, is considering the sale of about 40% of its Brazil assets in an initial public offering as early as this year, company executives said Thursday on a conference call.
Wednesday, April 28th 2010 - 06:29 UTC
Banks Serving Rich Argentines Moving from Bs. As. to Miami and Montevideo

More than ten investment banks, including Wells Fargo, HSBC, Merrill Lynch and Credit Suisse, will leave Argentina in the coming weeks, a Buenos Aires newspaper reported Monday.