Investments

• Friday, April 30th 2010 - 02:49 UTC

  LAN Plans to Invest 2.83 Billion USD in 2010/2013 to Expand its Fleet

  

  LAN (NYSE: LFL), Chile's dominant airline and flag carrier, announced Thursday it would invest 2.83 billion US dollars between 2010 and 2013 to expand its fleet. CEO Jorge Awad told a shareholder meeting the company would invest 500 million USD in 2010 and 1 billion USD in 2011 to purchase both short and long-haul aircraft.

• Friday, April 30th 2010 - 01:16 UTC

  Repsol YPF Plans to Raise Cash to Keep Expanding in Brazil

  

  Repsol YPF S.A. (BMAD:REP), Spain’s biggest oil company, is considering the sale of about 40% of its Brazil assets in an initial public offering as early as this year, company executives said Thursday on a conference call.

• Wednesday, April 28th 2010 - 06:29 UTC

  Banks Serving Rich Argentines Moving from Bs. As. to Miami and Montevideo

  

  More than ten investment banks, including Wells Fargo, HSBC, Merrill Lynch and Credit Suisse, will leave Argentina in the coming weeks, a Buenos Aires newspaper reported Monday.

• Tuesday, April 27th 2010 - 21:40 UTC

  Canadian Fund Invests in Uruguay’s Flagship Carrier PLUNA

  

  Jazz Air Income Fund has agreed to invest 15 million US dollars for an indirect stake in Uruguay's flagship carrier, Pluna. The fund behind Air Canada's regional affiliate, Jazz Air, said that it will get a one-third, non-voting interest in Latin American Regional Aviation Holding Corp., which owns 75% of Pluna Lineas Aireas Uruguayas. The remaining 25% of Pluna is held by the government of Uruguay.

• 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.