Investments

• Tuesday, September 1st 2009 - 12:36 UTC

  Four state-of-the-art Post Panamax portico cranes arrive in port of Montevideo

  

  The Port of Montevideo has taken delivery of four state-of-the-art portico cranes, giving it the most advanced equipment of its type in Latin America and marking a further step in the effort to position it as the region’s leading seaport, the port operations company said.

• Thursday, August 27th 2009 - 15:25 UTC

  Spanish company wins contract for Panama Canal third set of locks

  

  Work began Wednesday on a new set of locks to allow giant cargo vessels to pass through the inter-oceanic Panama Canal, according to the group leading the project.

• Thursday, August 27th 2009 - 08:34 UTC

  High-speed railway project to link Scotland with London

  

  Britain’s Network Rail has proposed a new £34 billion high-speed railway line linking Scotland and London by 2030. The line would serve Birmingham and Manchester, getting passengers from Glasgow to London in just two hours and 16 minutes, the rail firm said. It rejected several alternative routes, including the east of England.

• Wednesday, August 26th 2009 - 08:48 UTC

  US couple picks Uruguay for their property investment

  

  US-based entrepreneur Steve Bowman and his wife, Chris, looked in Panama and researched other tropical locales before they bought property in Piriápolis, Uruguay’s old resort town, 18 months ago. Their reasons for choosing Uruguay included the country’s stability and relatively unspoiled coastline, as well as the friendly people.

• Thursday, August 20th 2009 - 07:10 UTC

  Rio Tinto selling assets to trim debt burden

  

  Rio Tinto has agreed to sell four business units of its Alcan aluminium subsidiary for 2 billion US dollars as it seeks to trim its debt burden further. The Anglo-Australian mining giant is selling the four packaging businesses to Australian group Amcor.

• Wednesday, August 19th 2009 - 12:46 UTC

  Clear and reliable rules of the game, Uruguay’s main asset

  

  Uruguay remains as a most attractive country for Argentine investors because of its business opportunities, logical taxing system and absence of export levies plus its geographical closeness, according to Luis Bonetto Argentine investment advisor and expert in agriculture.

• Wednesday, August 19th 2009 - 12:03 UTC

  Swedish hand built car maker takes over Saab from ailing GM

  

  Koenigsegg Automotive, the Swedish maker of luxury 1.2-million US dollars sports cars, agreed to buy Saab Automobile from General Motors by the end of the year, potentially moving the company into the automotive mass market.

• Friday, August 14th 2009 - 05:03 UTC

  Agreement in principle to buy 55% of GM Opel and Vauxhall

  

  Magna and its Russian partner Sberbank have reached agreement in principle with General Motors management over a contract to buy 55% of GM's European unit Opel, Magna's co-CEO Siegfried Wolf told reporters.

• Friday, August 14th 2009 - 02:58 UTC

  Indian-Russian consortium interested in YPF

  

  The Economic Times from Mumbai published on its online edition an article informing that Indian government owned energy company ONGC Videsh Ltd and its overseas investment branch, OVL, is having conversations with three Russian companies -Rosneft, Lukoil and Gazprom- for acquiring a substantial stake in YPF, the Argentine arm of Spanish oil major Repsol YPF SA.

• Thursday, August 13th 2009 - 08:09 UTC

  Mining giant BHP Billiton profits slump 51% and sales 16%

  

  Annual profits at mining giant BHP Billiton have more than halved after demand for commodities slumped. The company has more than 100 operations across the world, including South America and the Falkland Islands.