Investments

• Friday, October 9th 2009 - 11:34 UTC

  Chilean company buys Brazilian plant becomes world’s second producer of pulp

  

  CMPC SA owned by Chile’s billionaire Matte family, agreed to buy a pulp unit in southern Brazil from Fibria for 1.43 billion US dollars to become the world’s second-biggest producer of cellulose.

• Friday, October 9th 2009 - 05:20 UTC

  Rockhopper confirms drilling of two wells in Falklands’ waters

  

  Rockhopper Exploration oil and gas company which operates in the North Falkland Basin confirmed this week it was considering various options, including a share sale, to fund drilling activities scheduled to begin this coming austral summer in the South Atlantic

• Thursday, October 8th 2009 - 07:29 UTC

  Investors from Brazil, Argentina, Basque province and China flock to Uruguay

  

  Investors from Argentina, Brazil, Spain’s Basque province and China are looking for opportunities in Uruguayan assets given the excellent political stability record of the country and proven reliability of its Judicial branch.

• Thursday, October 8th 2009 - 02:26 UTC

  Carrefour denies considering exiting Latinamerican “lucrative markets”

  

  French retailer Carrefour is seriously considering exiting Latin America, one of its most lucrative markets, under pressure from top shareholders, Le Monde newspaper reported in a preview of its Thursday edition.

• Wednesday, October 7th 2009 - 07:06 UTC

  Uruguay has a new air terminal with annual capacity for 3 million pax

  

  Uruguay officially opened this week the country’s new Carrasco international air terminal with a capacity to manage 3 million passengers annually, which makes it operational until 2030.

• Tuesday, October 6th 2009 - 06:55 UTC

  Saudis want US government to sell its stake in Citigroup

  

  Saudi Prince Alwaleed bin Talal, a main investor in Citigroup, urged the US government to sell its stake in the bank as soon as this year to boost investor confidence, Emerging Markets magazine reported.

• Saturday, October 3rd 2009 - 00:23 UTC

  Desire will drill four exploratory wells in North Falkland basin next February

  

  Oil company Desire Petroleum announced Friday the formal signing of a rig contract with Diamond Offshore Drilling Ltd. from the UK which means the company is ready to begin its exploratory drilling campaign in the North Falkland basin this summer.

• Friday, September 25th 2009 - 10:53 UTC

  Ecuador ready to purchase combat aircrafts from South Africa

  

  Ecuador is considering the purchase of 12 Atlas Cheetah C fighter bombers from South Africa, according to Defence minister Javier Ponce in an interview with Quito’s newspaper El Universal.

• Friday, September 25th 2009 - 10:38 UTC

  UK unions ready to challenge Jaguar and Land Rover restructuring

  

  British unions have condemned plans by car giant Jaguar Land Rover to close one of its UK plants. The firm said it would decide next year whether to shut its factory at Castle Bromwich in the West Midlands, which makes Jaguars, or its site at Solihull, which makes Range Rovers.

• Thursday, September 24th 2009 - 08:51 UTC

  Chilean pulp company expands into Brazil; becomes major global player

  

  Chile's blue-chip Ipsa index ended up 0.7% Wednesday, reaching a year high following Chilean pulp and paper products manufacturer Empresas CMPC SA expansion into Brazil, which would position the company among the five leading producers of the world.