Investments

• Wednesday, May 21st 2008 - 21:00 UTC

  Petrobras orders revive Brazil's shipbuilding industry

  

  Brazil's government managed corporation Petrobras announced plans to order 40 drilling ships and platforms worth an estimated 30 billion US dollars for delivery by 2017. The deep-water drilling ships and semi-submersible rigs will explore for oil and gas in seas up to three kilometers deep.

• Sunday, May 11th 2008 - 21:00 UTC

  Santiago to have world's tallest residential tower

  The Spanish business group Mall announced plans for a 600 million US dollar residential tower for Santiago de Chile, a structure that, once built, will be the world's tallest residential building.

• Sunday, May 11th 2008 - 21:00 UTC

  Airbus and Boeing have a Chinese competitor

  China launched a company to manufacture jumbo passenger aircrafts to challenge the dominance of commercial jet giants Airbus and Boeing in the market for aircrafts with more than 150 seats.

• Friday, May 9th 2008 - 21:00 UTC

  Billiton-Rio Tinto merger could help Falklands' oil plans

  In the event of a successful takeover by BHP Billiton of Rio Tinto the new merged giant would consider selling a 1.5 billion potash project in Argentina which would facilitate developing Billiton oil and gas exploration off shore the Falkland Islands, according to reports in the Australian press.

• Friday, May 9th 2008 - 21:00 UTC

  Record foreign direct investment for Latinamerica in 2007

  

  Foreign direct investment in Latinamerica reached 106 billion US dollars in 2007, overtaking the record 89 billion of 1999, according to the latest release from the United Nations Latin American Commission, CEPAL.

• Thursday, May 8th 2008 - 21:00 UTC

  Ferry-operator to take leading control of Aerolíneas Argentinas

  The head of the main ferry system in the River Plate will be joining the Spanish owned Aerolíneas Argentinas as one of the leading shareholders, once the air carrier has been audited according to reports in the Buenos Aires press.

• Sunday, May 4th 2008 - 21:00 UTC

  Dubai begins expansion of Peru's main port El Callao

  

  Global port operator Dubai Ports World has started the construction of the 300 million US dollars Muelle Sur Container Terminal at the Port of El Callao, Peru.

• Thursday, May 1st 2008 - 21:00 UTC

  Japan and S. Korea interested in Brazil's bullet train

  

  Japanese and South Korean corporations announced their interest in Brazil's first bullet train which is expected to be set to bid in the first quarter of next year. Brazil's cabinet chief Dilma Rousseff is currently visiting Japan where she was approached by the corporations.

• Tuesday, April 29th 2008 - 21:00 UTC

  Herculean challenge ahead for Brazilian petroleum industry

  Brazil's plan to become one of the world's biggest oil exporters hinges on exploiting crude 6 miles below the ocean surface in deposits so hot they can melt the metal used to carry uranium to nuclear plants, reports Bloomberg.

• Tuesday, April 29th 2008 - 21:00 UTC

  Brazil's Vale and ArcelorMittal reach mega iron ore deal

  Brazilian mining giant Companhia Vale do Rio Doce announced this week it agreed to supply 480 million tons of iron ore and pellets to ArcelorMittal the world's largest steel maker.