Investments

• Friday, October 30th 2009 - 07:35 UTC

  Cuba’s Sugarcane Ethanol Potential: the Return of King Sugar

  

  “Central America and the Caribbean, historical sugar-producing economies where the sugar-ethanol infrastructure already has a foundation, labor costs are low, and the political conditions are more or less stable– offers the best near-term potential for large-scale sugarcane ethanol production. This is a market opportunity which Cuba, with the longest experience of sugar–ethanol and sugarcane derivates production in the region, is positioned to take advantage of”.

• Friday, October 30th 2009 - 03:17 UTC

  China offering to invest and create jobs in Taiwan friendly Paraguay

  

  A delegation of Chinese private businessmen met this week with Paraguay’s president Fernando Lugo with the purpose of expressing their interest in investing in the country, more precisely in the manufacture of cellular phones, batteries and battery chargers.

• Thursday, October 29th 2009 - 09:50 UTC

  Brazilian government lowers tax to benefit consumers and farmers

  

  Brazil’s main meat processor JBS praised the government for lowering a local tax that will ultimately benefit consumers and farmers. JBS is also in the process of becoming the world’ leader in animal protein food by taking over US chicken producer Pilgrim’s Pride and merging with Brazil’s Bertin SA.

• 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.