Investments

• Wednesday, May 6th 2009 - 12:53 UTC

  Fiat planning a new auto giant with Chrysler and GM Latinamerica

  

  Fiat is eyeing US auto giant General Motors' operations in Latin America as well as those in Europe (Opel) and discussions on a possible deal are under way, an industry source said Tuesday.

• Wednesday, April 29th 2009 - 07:10 UTC

  Second pulp mill project in Uruguay could be taken over by Portugal

  

  Spain’s pulp and paper manufacturer Ence is ready to accept 400 million US dollars from its Portuguese competitor Portucel to keep the pulp mill project in Uruguay alive. Portucel would take a considerable share of the mill, forested land and would join Ence in a strategic alliance according to reports in the Spanish financial newspaper Expansion.

• Saturday, April 25th 2009 - 10:36 UTC

  Chinese automakers tempted by the Brazilian market

  

  Chinese automaker Chery reportedly is planning a 700 million US dollars factory in Brazil to tap the country's growing market and to learn more about bio fuel engines according to Sao Paulo’s financial daily Gazeta Mercantil.

• Tuesday, April 21st 2009 - 13:02 UTC

  BHP Billiton reactivates mining projects in Chile

  

  The Chilean subsidiary of Australian mining giant BHP Billiton plans to reactivate projects worth 6.75 billion US dollars that were frozen last year amid the global recession.

• Sunday, April 19th 2009 - 05:39 UTC

  Huge LNG plant ready to open in Chile and cut Argentine dependency

  

  Chile is just months away from beginning operations at a huge Liquid Natural Gas (LNG) re-gasification plant that was first planned during the Ricardo Lagos administration. The 1.1 billion US dollars plant is located near the Region V coastal city of Quintero.

• Saturday, April 18th 2009 - 08:50 UTC

  LAN unveils three year plan to invest 1.3 billion USD to expand fleet

  

  Chile's flag air carrier LAN announced on Friday it will invest 1.3 billion US dollars between 2009 and 2011 to expand its fleet. LAN, which has operations across South America, will buy long- and short-haul planes as well as new-generation cargo aircraft, Chairman Jorge Awad said.

• Saturday, April 18th 2009 - 05:34 UTC

  Latinamerica looks to China to increase trade and investments

  

  Latinamerica is hopeful that an increase in trade with China and investments from the Asian giant will help compensate lost business with the United States and the European Union because of the global crisis.

• Thursday, April 16th 2009 - 06:50 UTC

  World Bank loan for Paraguay to improve water and sanitation

  

  The World Bank approved a 64 million US dollars loan to increase the efficiency, coverage and sustainability of water and sanitation services in Paraguay. The project is expected to benefit almost 17% of Paraguayans, especially the most vulnerable groups.

• Sunday, April 12th 2009 - 05:50 UTC

  Chile To Invest $30 Billion in Copper, Gold Projects

  

  Investment in Chilean copper and gold projects is expected to total over $30 billion. Chile is the world’s No. 1 producer and exporter of copper and each 1-cent increase in the annual median price of copper represents an additional $40 million for the treasury of the Andean nation. The median price per pound so far this year is $1.59, compared with $3.15 a pound in 2008.

• Wednesday, April 8th 2009 - 05:12 UTC

  Uruguay modifies bidding terms for offshore oil exploration

  

  The Uruguayan government has modified the bidding terms for offshore oil and gas exploration and exploitation, given the dramatic fall in oil prices and the deepening global economic crisis.