Investments

Thursday, July 16th 2009 - 15:24 UTC
GM Brazil to invest a billion US dollars in two new models for Mercosur

General Motors announced Wednesday it will invest a billion US dollars to develop two new car models in Brazil. GM Brazil and Mercosur operations president said it was the corporation’s biggest investment since the onset of the global financial crisis.
Wednesday, July 15th 2009 - 11:39 UTC
Divers have recovered part of the gold lost in the South Atlantic

Part of the gold and silver which went down in the South Atlantic, off Patagonia, with the Chilean flagged trawler converted into a transport vessel “Polar Mist”, has been winched aboard the rescuers’ tug contracted to recover the precious cargo.
Monday, July 13th 2009 - 11:52 UTC
France best positioned for Brazil’s Air Force 4.5 billion USD contract

US defence contractor Boeing Co is prepared to have Brazilian companies supply a “big portion” of components for its Super Hornet jetfighter, creating as many as 5.000 local jobs, to sell 36 of the warplanes to Brazil. The pledge comes as Boeing manoeuvres against competitors France’s Dassault Aviation and Sweden’s Saab AB.
Saturday, July 11th 2009 - 18:15 UTC
Bolivia interested in Uruguayan ports for its overseas trade

Uruguay has offered far better conditions for the export of Bolivian products from Uruguayan ports than Chile has, revealed on Friday Bolivian Foreign Affairs minister David Choquehuanca.
Saturday, July 11th 2009 - 15:17 UTC
New leaner GM is born: four key brands and 61% owned by US government

General Motors (GM) says it has emerged from bankruptcy protection after creating a “new GM” made up of the carmaker's best assets. GM chief executive Fritz Henderson said it was the beginning of a “new era”.
Thursday, July 9th 2009 - 12:14 UTC
Repsol in the process of selling YPF to China, says Beijing press

Chinese media based on reliable sources from the country’s giant oil corporation CNPC (China National Petroleum Corporation) report the almost certain sale by Spain’s Repsol of 75% of its subsidiary YPF, an operation involving 14.5 billion US dollars
Tuesday, July 7th 2009 - 11:16 UTC
Brazilian beef processor raises cattle slaughter capacity to 26.000 head

Brazilian corporation JBS SA, the world's biggest beef processor said on Monday it had raised its slaughtering and de-boning capacity in Brazil by around 25% through the leasing of five more plants.
Monday, July 6th 2009 - 12:54 UTC
China downplays interest in stake of Repsol/YPF

Chinese oil producer CNOOC is seeking cooperation rather than acquisitions, the corporation’s president Fu Chengyu was quoted on Sunday, amid talk CNOOC had set its sights on a unit of Spanish oil major Repsol/YPF.
Monday, July 6th 2009 - 10:07 UTC
Two Sea Kings for Argentine Antarctic operations

The Argentine Navy received at the end of June the second batch of two UH-3H Sea King helicopters out of a total of six which will replace losses experienced in Antarctic operations it was reported by Puerto Belgrano Marine’s Gazette.
Monday, July 6th 2009 - 10:00 UTC
Brazil/Bolivia/Chile inter-oceanic corridor ready for 2011

Bolivia, Brazil and Chile have announced that the inter-oceanic corridor, from the Atlantic to the Pacific will be finished by 2011. The announcement was made following an assessment of the different legs of the corridor during a meeting in La Paz, Bolivia between the Public Works ministers of the three countries.