Investments

• 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.

• Tuesday, December 29th 2009 - 07:14 UTC

  Korea wins 40 billion USD mega-project to build nuclear plants in UAE

  

  A South Korean consortium has been awarded a contract worth an estimated 40 billion US dollars to build four nuclear power plants in the United Arab Emirates. The group, led by the Korea Electric Power Corp (Kepco), beat bids from a US-Japanese group and a French firm.

• Sunday, December 27th 2009 - 06:34 UTC

  Dutch dredger operating in Tierra del Fuego bunkers in Falklands

  

  An unusual visitor to the Falkland Islands last week was the Prins der Nederlanden, which anchored in Port William for the second time to receive fuel, reports the local Penguin News.

• Friday, December 25th 2009 - 16:27 UTC

  Uruguay expects record harvest of wheat; soybean becomes the main crop

  

  Uruguay’s is expecting a record wheat crop for the second year running in 2009 while the barley harvest is forecasted as the largest in the last ten years according to the Statistics Office from the Ministry of Agriculture, Livestock and Fisheries.

• Thursday, December 24th 2009 - 09:52 UTC

  Father Christmas arrives for Lan Chile with contract for 30 Airbus A 320

  

  Chilean flag carrier LAN Airlines and its subsidiaries, one of the leading airlines in Latin America, announced Wednesday that the Company signed a contract for the purchase of 30 Airbus A320 family aircraft to be delivered between 2011 and 2016.