Investments

• Thursday, May 6th 2010 - 13:45 UTC

  Oil Exploration Data Indicates the First Oil Discovery in the North Falklands Basin.

  

  In a press release from Rockhopper Exploration (LON:RKH), the company says “the North Falkland Basin oil and gas exploration company, is pleased to announce that well 14/10-2 on the Sea Lion prospect has reached a depth of 2,744 metres.”

• Thursday, May 6th 2010 - 12:08 UTC

  Falklands: Sea Lion Exploration Well - 14/10-2 Oil Dicovery

  

  Rockhopper Exploration (LON:RKH), the North Falkland Islands Basin oil and gas exploration company, is pleased to announce that well 14/10-2 on the Sea Lion prospect has reached a depth of 2,744 metres. Initial data collected indicate that this well is an oil discovery, which would be the first in the North Falkland Basin.

• Thursday, May 6th 2010 - 05:34 UTC

  China’s Main Oil Corporation Closes 3.1 Billion Deal with Argentina’s Bridas

  

  China National Offshore Oil Corporation, CNOOC (NYSE:CEO) Ltd said on Wednesday it had closed a 3.1 billion US dollars deal with Argentina’s Bridas Energy Holdings (BEH) to buy a 50% stake in Bridas Corporation, a wholly owned subsidiary of BEH.

• Wednesday, May 5th 2010 - 22:03 UTC

  Petrobras Argentina Sells Parts of its Assets to Kirchner Couple Close Friend

  

  Petrobras Energía (NYSE:PZE), Brazil’s government managed oil and gas corporation announced it will sell part of its assets in Argentina to Oil Combustibles SA for 110 million US dollars, including a refinery, gasoline stations and inventories.

• Wednesday, May 5th 2010 - 21:19 UTC

  France Demands “Fair and Prompt” Compensation for Bolivian Nationalizations

  

  France's government demanded “fair and prompt” compensation from Bolivia for the nationalization of a power plant half-owned by French utility GDF Suez (EPA:GSZ).

• Wednesday, May 5th 2010 - 06:14 UTC

  China’s Tightens Credit, Pushes Stock Markets to their Lowest in Seven Months

  

  China's stocks fell on Tuesday sending the benchmark index to the lowest in seven months, on concern ordering banks to set aside more reserves won't be enough to avert asset bubbles in the world's third-largest economy.

• Monday, May 3rd 2010 - 20:18 UTC

  United/Continental Merger Create the World’s Largest Airline

  

  Two US-based airlines, United (NASDAQ: UAUA) and Continental (NYSE: CAL) are merging in a 3.1 billion deal, creating the world's largest airline. The combined firm will have nearly 700 planes, 88,000 workers, and fly to 370 destinations in 59 nations.

• Monday, May 3rd 2010 - 03:09 UTC

  Norway Takes Over Aluminium Business and Bauxite Deposits in Brazil

  

  Norway’s Norsk Hydro ASA (OSL: NHY), Europe’s third largest aluminum maker, agreed to buy mining and smelting assets from Vale (NYSE: VALE) in a deal valued at 4.9 billion US dollars, boosting its control over raw materials used in production.

• Saturday, May 1st 2010 - 07:28 UTC

  Euro Zone Leading Bank Praises Latam Growth and Financial System

  

  Latin America currently has “the best financial system in the world”, said Francisco Luzón, member of the Board and head of the Latin American Division of Spain’s Banco Santander (NYSE:STD), the biggest bank by market capitalization in the Eurozone.

• Friday, April 30th 2010 - 05:54 UTC

  Uruguay’s Fray Bentos Pulp Mill Boosts Profits of Finland’s UPM

  

  Finland’s pulp and paper manufacturer UPM's (OMX: UPM1V) Fray Bentos unit in Uruguay proved overwhelmingly the most profitable, helping to boost an otherwise first quarter profit of the year which was described as “unsatisfactory” by CEO Jussi Pesonen.