Investments

• Wednesday, October 28th 2009 - 14:29 UTC

  France’s Crédit Agricole selling its banking assets in Uruguay

  

  French bank Credit Agricole officially announced this week it had begun consultations to sell its banking interests in Uruguay where it operates under the name of Credit Uruguay.

• Wednesday, October 28th 2009 - 07:21 UTC

  World’s largest cruise vessel, 225.282 tons delivered to Royal Caribbean

  

  The final pieces are falling into place for “Oasis of the Seas” with the ship's future owners Royal Caribbean and homeport Fort Lauderdale in Florida State poised to introduce the world to the largest cruise ship ever built.

• Friday, October 23rd 2009 - 08:38 UTC

  Uruguay: risk contract with US company to explore for natural gas onshore

  

  Uruguay signed on Friday the first risk contract for the exploration of hydrocarbons in the north of the country, the first ever of its kind. US company Schuepbach Energy from Dallas will be looking for possible traces of natural gas in lutite sedimentary rocks during a two year period in an area of 10.000 square kilometres.

• Friday, October 23rd 2009 - 08:27 UTC

  Offshore oil exploration in Uruguay to begin next January

  

  Brazil's government managed oil and gas corporation Petrobras and Repsol-YPF have been awarded a contract to explore for natural gas and oil off Uruguay's coast announced the country’s oil firm Ancap.

• Thursday, October 22nd 2009 - 08:15 UTC

  UK’s second biggest airport, Gatwick sold to US investment fund

  

  Britain's second-biggest airport will have new owners within weeks following a £1.51 billion deal with a US-based investment fund. Gatwick's current operator BAA, heavily criticised for its stewardship of the West Sussex airport, said it had reached an agreement with Global Infrastructure Partners (GIP).

• Thursday, October 22nd 2009 - 00:54 UTC

  Desire has raised sufficient funds to ensure Falklands’ oil drilling campaign

  

  Desire Petroleum, the oil and gas exploration company focused on the North Basin of the Falkland Islands announced Wednesday it has conditionally placed 60 million new ordinary shares of 1p each at an issue price of 70p per share, thereby raising £42 million (68 million US dollars) before expenses.

• Wednesday, October 21st 2009 - 22:47 UTC

  SeaCargo convention in Miami looks at Uruguay as Mercosur gateway

  

  Uruguay as the natural gateway to Mercosur, --South America’s main trading block-- will be the top issue to be discussed at the SeaCargo Americas AirCargo Americas Conference special seminar to he held November 5th in Miami with the participation of hemispheric port, airport and logistics leaders.

• Friday, October 16th 2009 - 07:01 UTC

  Underwater fibre optic cable to link Key West with Havana

  

  Miami-based Telecommunications Company said it planned to build an underwater fibre-optic cable linking the United States and Cuba, creating the first such line of its type.

• Thursday, October 15th 2009 - 12:10 UTC

  Brazil’s JBS en route to become world’s largest meat company

  

  Brazil's JBS said on Wednesday the US Justice Department has approved the takeover of US-based Pilgrim's Pride paving the way for JBS to become the world's largest meat company.

• Wednesday, October 14th 2009 - 10:19 UTC

  Montevideo port becomes most advanced container terminal in South America

  

  Uruguay inaugurated this week the new Montevideo’s port facilities which will expand handling to over 1.1 million containers annually making it the most advanced terminal of South America.