Investments

Saturday, February 14th 2009 - 20:00 UTC
Petrobras overseas investment targets US and Argentina

Brazil's government-managed oil and gas corporation Petrobrás announced Friday its international 2009/2013 investment plan totalling 15.9 billion US dollars, of which 44% has been earmarked for allocation in United States and Argentina.
Saturday, February 14th 2009 - 20:00 UTC
KBR-Halliburton reaches agreement in overseas bribery case

Kellog, Brown & Root, KBR, the engineering, construction, and services company, and its former parent, Halliburton, have agreed to pay a combined 579 million US dollars to settle US criminal and civil allegations that KBR bribed Nigerian government officials to obtain contracts.
Thursday, February 12th 2009 - 20:00 UTC
China doubles stake in debt-pressed miner giant Rio Tinto

Anglo-Australian miner Rio Tinto has announced that China's state-owned Chinalco is to invest a further 19.5 billion US dollars in the business. The move - China's largest investment in a foreign company - could see Chinalco increase its stake in Rio to 18% from the current level of 9%.
Thursday, February 12th 2009 - 20:00 UTC
Bolivia reveals companies' interest in lithium reserves

Four foreign companies are interested in mining lithium in Salar de Uyuni, the world's largest known deposit of that metal, with the aim of producing automobile batteries, a Bolivian government official said this week.
Thursday, February 5th 2009 - 20:00 UTC
Petrobras announces 92 billion USD investment plan

Brazil's government-managed oil and gas corporation Petrobras announced Wednesday its domestic Exploration and Production plan for 2009/2013 which involves 92 billion US dollars.
Tuesday, February 3rd 2009 - 20:00 UTC
Brazil paid “too much” for Rio Tinto iron ore assets

Brazil's Vale do Rio Doce may have paid too much for its purchase of iron-ore and potash assets from Rio Tinto Group, according to JPMorgan Chase & Co. and Banco Santander SA.
Monday, February 2nd 2009 - 20:00 UTC
Punta Arenas Methanex postpones coal turbine option

The Methanex group which operates in Magallanes region, next to Punta Arenas has decided to postpone the investment in a coal turbine, which would have helped re-route more natural gas to the actual methanol processing, according to the local press.
Monday, February 2nd 2009 - 20:00 UTC
Wreckage of 18th century legendary HMS Victory found

A shipwreck believed to contain more than a billion dollars of gold has been discovered at the bottom of the English Channel. HMS Victory, the legendary British warship which was the predecessor to Lord Nelson's Victory, sank during a storm in 1744, taking more than 1,000 sailors to their deaths
Friday, January 30th 2009 - 20:00 UTC
Rio Tinto sells mining assets in Argentina and Brazil

Anglo-Australian Rio Tinto Group is selling mining assets in Argentina, Brazil and Canada to Brazilian competitor Vale Doce for 1.6 billion US dollars in an attempt to reduce its 39 billion debt load y 10 billion. The group also admitted it was considering a big equity issue.
Monday, January 26th 2009 - 20:00 UTC
Pfizer-Wyeth defy stress and merge into pharmaceutical giant

A pharmaceutical giant was created Monday after US drug maker Pfizer announced it would be acquiring Wyeth in a 68 billion US dollars merger deal that could spark hopes of further consolidation across the industry.