Investments

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.
Friday, September 25th 2009 - 10:53 UTC
Ecuador ready to purchase combat aircrafts from South Africa

Ecuador is considering the purchase of 12 Atlas Cheetah C fighter bombers from South Africa, according to Defence minister Javier Ponce in an interview with Quito’s newspaper El Universal.
Friday, September 25th 2009 - 10:38 UTC
UK unions ready to challenge Jaguar and Land Rover restructuring

British unions have condemned plans by car giant Jaguar Land Rover to close one of its UK plants. The firm said it would decide next year whether to shut its factory at Castle Bromwich in the West Midlands, which makes Jaguars, or its site at Solihull, which makes Range Rovers.
Thursday, September 24th 2009 - 08:51 UTC
Chilean pulp company expands into Brazil; becomes major global player

Chile's blue-chip Ipsa index ended up 0.7% Wednesday, reaching a year high following Chilean pulp and paper products manufacturer Empresas CMPC SA expansion into Brazil, which would position the company among the five leading producers of the world.
Wednesday, September 23rd 2009 - 11:20 UTC
World’s biggest iron ore producer under pressure to invest in steel industry

Brazilian billionaire Eike Batista said he may be interested in acquiring a stake in the world’s biggest iron-ore producer Vale do Rio Doce, after one of the company’s shareholders said he showed “interest” in buying its stock.
Wednesday, September 23rd 2009 - 11:06 UTC
Rockhopper confirms real prospect of multi-well drilling in 2010 in Falklands

Rockhopper Exploration, the oil and gas explorer working in the North Falkland Basin said on Tuesday that it had a very real prospect of taking part in a multi-well drilling campaign in 2010.
Monday, September 21st 2009 - 11:24 UTC
Brazil’s Petrobras is the world’s eighth biggest in market value

Brazil’s government managed oil and gas company Petrobras is the world’s eighth biggest global company in market value, according to a survey carried out by Ernst & Young.
Friday, September 18th 2009 - 11:32 UTC
Brazil’s JBS moves into the US poultry market and consolidates at home

Brazil's JBS, the world's biggest beef producer, agreed this week to buy a controlling take in bankrupt US poultry producer Pilgrim's Pride and JBS' Brazilian beef rival Bertin.