Investments

Thursday, September 4th 2008 - 21:00 UTC
Brazilian group reopens Fray Bentos corned beef plant

The Brazilian group Mafrig has announced that it will begin production of cooked beef for the British market at the old Anglo abattoir in Uruguay, which for decades was the leading beef exporter to the United Kingdom.
Wednesday, September 3rd 2008 - 21:00 UTC
China's leading soft drink maker moves into juice market

Coca Cola the world's largest beverage maker is to buy China's main fruit juice company for 2.4 billion US dollars, the biggest foreign acquisition of a Chinese company. The offer is three times the market value.
Tuesday, September 2nd 2008 - 21:00 UTC
London museum buys Rolling Stones iconic tongue logo

The original artwork for The Rolling Stones' iconic lips and tongue symbol has been bought by London's Victoria and Albert Museum.
Thursday, August 14th 2008 - 21:00 UTC
Farming Systems Uruguay posts $US1.6 m profit

New Zealand Farming Systems Uruguay today posted a net after tax profit of $US1.6 million ($NZ2.3m) for the year to June 30, boosted by earnings of $US8m from milk sales, at record prices of about US40c a litre.
Wednesday, August 13th 2008 - 21:00 UTC
Brazilian mining giant orders 12 largest class ore carriers

Brazilian iron ore miner Vale has ordered a dozen of the largest class of ore carriers from a Chinese shipbuilder for 1.6 billion US dollars, aiming to boost business with fast-growing Asian customers.
Saturday, August 9th 2008 - 21:00 UTC
Bolivia, Shell reach agreement in nationalization

Bolivia has reached an agreement in principle to purchase the local operations of energy company Royal Dutch Shell PLC as part of President Evo Morales' nationalization push.
Friday, August 8th 2008 - 21:00 UTC
Petrobras takes over Esso downstream assets in Chile

Brazil's government managed oil and gas corporation Petrobras signed this week the purchase of ExxonMobil's assets in Esso Chile Petrolera and other associated Chilean companies.
Friday, August 8th 2008 - 21:00 UTC
Marsans Aerolineas stands on purchase order of 61 Airbus

Spain's Marsans is forging ahead with its purchase of 61 Airbus planes despite the looming sale of its subsidiary Aerolineas Argentinas, which was due to take around 40 of the aircraft, a spokesman for the travel firm said on Friday according to press reports from Spain.
Tuesday, August 5th 2008 - 21:00 UTC
Spanish gas company incorporates local partner in Argentina

Spanish utility Gas Natural announced Monday in Buenos Aires it had agreed to sell 19.6% of its Argentine subsidiary to a local pharmaceutical group Chemo for 56 million US dollars.
Tuesday, August 5th 2008 - 21:00 UTC
Foreign investment in Chile triples with 55 new projects

Chile has proved once again to be a foreign investment magnet as overseas companies have announced over 6.62 billion US dollars in projects so far this year, Chile's Economy Ministry reported.