Investments

• Monday, October 12th 2009 - 10:50 UTC

  Avianca and Taca create a major Latinamerican airlines holding

  

  Two of Latinamerica's best known airlines are set to merge in a deal aimed at cost-cutting. Avianca of Colombia and El Salvador's Taca will join forces, but have said that each will maintain its own identity and operate separately. The two airlines have about 130 planes and some 13,000 employees.

• Monday, October 12th 2009 - 06:56 UTC

  African leader praised China’s way of making business and criticizes West

  

  Rwandan President Paul Kagame has praised the way China does business in Africa, criticising the West for basing relations with the continent on aid. Huge Chinese investment in African companies and infrastructure is helping Africa develop, Mr Kagame said.

• Friday, October 9th 2009 - 12:00 UTC

  FAO targets 2050 and how to feed a population of 9.1 billion

  

  The United Nations Food and Agriculture Organization said on Thursday major investment needs to be made in developing world agriculture. The FAO says that with rapid population growth and changing diets, agricultural production will need to grow by 70% before 2050.

• Friday, October 9th 2009 - 11:34 UTC

  Chilean company buys Brazilian plant becomes world’s second producer of pulp

  

  CMPC SA owned by Chile’s billionaire Matte family, agreed to buy a pulp unit in southern Brazil from Fibria for 1.43 billion US dollars to become the world’s second-biggest producer of cellulose.

• Friday, October 9th 2009 - 05:20 UTC

  Rockhopper confirms drilling of two wells in Falklands’ waters

  

  Rockhopper Exploration oil and gas company which operates in the North Falkland Basin confirmed this week it was considering various options, including a share sale, to fund drilling activities scheduled to begin this coming austral summer in the South Atlantic

• Thursday, October 8th 2009 - 07:29 UTC

  Investors from Brazil, Argentina, Basque province and China flock to Uruguay

  

  Investors from Argentina, Brazil, Spain’s Basque province and China are looking for opportunities in Uruguayan assets given the excellent political stability record of the country and proven reliability of its Judicial branch.

• Thursday, October 8th 2009 - 02:26 UTC

  Carrefour denies considering exiting Latinamerican “lucrative markets”

  

  French retailer Carrefour is seriously considering exiting Latin America, one of its most lucrative markets, under pressure from top shareholders, Le Monde newspaper reported in a preview of its Thursday edition.

• Wednesday, October 7th 2009 - 07:06 UTC

  Uruguay has a new air terminal with annual capacity for 3 million pax

  

  Uruguay officially opened this week the country’s new Carrasco international air terminal with a capacity to manage 3 million passengers annually, which makes it operational until 2030.

• Tuesday, October 6th 2009 - 06:55 UTC

  Saudis want US government to sell its stake in Citigroup

  

  Saudi Prince Alwaleed bin Talal, a main investor in Citigroup, urged the US government to sell its stake in the bank as soon as this year to boost investor confidence, Emerging Markets magazine reported.

• Saturday, October 3rd 2009 - 00:23 UTC

  Desire will drill four exploratory wells in North Falkland basin next February

  

  Oil company Desire Petroleum announced Friday the formal signing of a rig contract with Diamond Offshore Drilling Ltd. from the UK which means the company is ready to begin its exploratory drilling campaign in the North Falkland basin this summer.