Investments

Friday, April 23rd 2010 - 03:21 UTC
Brazil forecasted to grow 5.5% in 2010 boosted by domestic demand, says IMF

Brazil, Latinamerica’s largest economy and leading Mercosur partner is poised to grow 5.5% this year, almost a whole percentage point more than the previous forecast in January, according to the International Monetary Fund “World Economic Outlook” released in anticipation of the IMF and World Bank annual assembly this weekend in Washington.
Friday, April 23rd 2010 - 03:17 UTC
Forced by pickets Peru suspends 90 days controversial mining project

Protesters in the southern Peruvian province of Islay ended their six-day general strike after the government agreed to temporarily suspend a controversial mining project.
Friday, April 23rd 2010 - 01:40 UTC
Chile’s nationalized copper company taps private sector CEO

Chile’s nationalized copper company—and the largest copper company in the world—has a new CEO. Diego Hernández Cabrera, a current executive with International mining giant BHP Billiton, was appointed unanimously this week as CEO by Codelco’s board of executives.
Saturday, April 17th 2010 - 03:04 UTC
Exxon-Mobil claims to have drilled the longest extended-reach well offshore

Exxon-Mobil has completed an extended-reach well offshore southern California, which it claims is the world’s longest extended-reach well drilled from an existing offshore fixed platform drilling rig.
Friday, April 16th 2010 - 10:04 UTC
Falklands: Rockhopper Exploration spuds Sea Lion

Rockhopper Exploration (AIM: RKH) has spudded its 100% owned Sea Lion 14/10-B exploration well in the Licence PL032 in the North Falkland Basin. Once drilling is complete, Sea Lion’s results will be eagerly anticipated among investors following the prospective Falkland oil and gas play.
Friday, April 16th 2010 - 04:15 UTC
Pluna places order for three extra Bombardier CRJ900 totalling a fleet of ten

Canada’s Bombardier Aerospace announced Thursday that Pluna Lineas Aereas Uruguayas S.A. has signed a follow-on firm order for three CRJ900 NextGen regional jets and has taken options on an additional six CRJ900 NextGen aircraft.
Friday, April 16th 2010 - 00:10 UTC
China agrees to invest heavily in Brazilian infrastructure

China and Brazil bolstered their growing ties with trade and investment agreements on Thursday in Brasilia before a summit of the world's top four emerging markets that was cut back after China's leader decided to return home to deal with a major earthquake.
Thursday, April 8th 2010 - 23:20 UTC
Indian-UK company develops multi-billion iron ore project in Brazil

Dow Jones reported that Indian-owned UK based Zamin Resources has one major iron ore project under way in Brazil and is keen on developing others in the country and neighboring Uruguay.
Thursday, April 8th 2010 - 22:24 UTC
Surface drilling company confirms magnetite project in Uruguay

Cougar Metals NL announced it has entered into a memorandum of understanding with Indian owned UK based Zamin Ferrous Resources to provide 75,000 metres of surface drilling at the resource company’s magnetite project in Uruguay.
Thursday, April 8th 2010 - 18:13 UTC
British Airways and Iberia en route to Europe’s second largest airline group

British Airways and Spanish carrier Iberia have taken a further step towards creating Europe's second-largest airline group after signing their long-awaited merger deal. The merger, which they expect to complete in late 2010, will yield an airline with 408 aircraft and carrying more than 58 million passengers a year.