Investments

• Wednesday, April 8th 2009 - 00:30 UTC

  Huge mining project will turn Magallanes into Chile’s “coal region”

  

  A huge project involving 300 million US dollars for the exploitation of coal deposits in the extreme south Chilean Magallanes Region was officially presented in Punta Arenas this week by Energy Minister Marcelo Tokman and top officials from the two companies involved in the project.

• Tuesday, April 7th 2009 - 12:49 UTC

  Venezuelan and Japan leaders agree to deepen ties

  

  Japanese Prime Minister Taro Aso and Venezuelan President Hugo Chavez agreed Monday to deepen ties in energy, investment and trade, with Japanese companies ready to participate in gas and crude production in the Latin American country.

• Thursday, March 26th 2009 - 10:36 UTC

  Sinking pound makes Gibraltar a shopping haven for Spaniards

  

  An article in the latest edition of the UK national daily ‘The Guardian’ describes Gibraltar as “a miraculous survivor in these days of international financial turmoil and sweeping recession, thanks to a sinking pound and an economy that grows at a rate comparable to that of China.”

• Thursday, March 26th 2009 - 06:34 UTC

  Brazilian credit for Aerolineas to purchase 20 aircrafts

  

  Brazil has agreed to lend 700 million US dollars to state-owned airline Aerolineas Argentinas to fund its purchase of 20 planes from Embraer in an effort to save jobs at the aircraft maker.

• Thursday, March 26th 2009 - 05:26 UTC

  China promises Uruguay expanded trade and investments

  

  Uruguayan president Tabare Vazquez left China Wednesday with promises of more investments and an increase in purchases of tops, wool, pulp, meat and fisheries, according to reports from the official press released in Beijing.

• Wednesday, March 25th 2009 - 07:49 UTC

  Abu Dhabi sovereign fund takes over 9.1% stake of Daimler-Benz

  

  German car and trucks manufacturer Daimler- Benz sold a 9.1% stake to an Abu Dhabi sovereign investment fund. The fund, Aabar Investments, will invest 1.95 billion Euros becoming the biggest shareholder.

• Tuesday, March 24th 2009 - 07:12 UTC

  Uruguayan president in China to promote trade and investments

  

  Visiting Uruguayan president Tabare Vazquez and his Chinese counterpart Hu Jintao called Monday for “firm results” from the coming G-20 summit in London next week according to reports in the official Chinese press.

• Thursday, March 19th 2009 - 16:44 UTC

  Pulp and paper maker Stora Enso freezes huge mill expansion in Brazil

  

  Europe’s largest paper and pulp maker Stora Enso anticipated a drop in first quarter earnings and said it is freezing the expansion of a mill in Brazil because of sliding demand for wood and fine paper used in offices and magazines.

• Wednesday, March 18th 2009 - 13:54 UTC

  Falkland Oil & Gas and Billiton ready to drill in Falklands’ waters

  

  Falkland Oil and Gas Ltd (FOGL.L), which has a farm-in-deal with BHP Billiton, said on Tuesday it expected to be “drill ready” by the end of the third quarter or early 2010. The announcement was made after having posted a narrower full-year pre-tax loss.

• Monday, March 16th 2009 - 08:58 UTC

  Repsol accepts Ecuador new contract rules for oil sharing

  

  Ecuador’ government owned Petroecuador signed a transitional contract with Repsol-YPF, giving the Ecuadorian government a bigger share of the Spanish oil company’s profits for one year and paving the way for new fee-for-service deal.