Investments

• Saturday, April 26th 2008 - 21:00 UTC

  World's main ethanol producer takes over Exxon Brazil

  

  Brazil's Cosan the world's largest sugar and ethanol processor announced Friday it had agreed to buy more than 1.500 Brazilian service stations and other assets from Exxon Mobil (Esso Brazil) for 826 million US dollars.

• Monday, April 21st 2008 - 21:00 UTC

  Company reveals treasure comes from Spanish galleon

  

  After months of secrecy and under pressure from Spain, Odyssey Marine Exploration has finally named the wreck from which it recovered a haul of valuable treasure last year operating from Gibraltar.

• Thursday, April 17th 2008 - 21:00 UTC

  Chinese investment in Latam forecasted to grow 20% annually

  Chinese investments in Latinamerica could grow at an annual rate of 20% in the coming decade particularly those sectors linked to commodities said Jiang Shixue, a Latinamerican expert from Beijing's National Academy of Social Sciences.

• Wednesday, April 9th 2008 - 21:00 UTC

  Brazil to promote shipbuilding and a merchant fleet

  

  Brazil announced it will promote the country's ship building industry not only to supply vessels and oil rigs for domestic demand but to export them to the rest of Latinamerica.

• Tuesday, April 1st 2008 - 21:00 UTC

  Petrobras/PDVSA building 200.000 bpd refinery in NE Brazil

  

  Brazil's oil government managed company Petrobras and government owned Petróleos de Venezuela (PDVSA) signed on March 26 an agreement that sets the bases for the partnership between the two companies for the Abreu e Lima Refinery, in Northeastern Brazil.

• Sunday, March 30th 2008 - 21:00 UTC

  FIDAE 2008, largest aerospace fair opens in Santiago

  

  Chilean president Michelle Bachelet will inaugurate Monday the fifteenth edition of the International Air & Space Fair, FIDAE, Latinamerica largest air show and one of the leading exhibitions of the industry in the world.

• Thursday, March 27th 2008 - 21:00 UTC

  Uruguay's flag air carrier presents Bombardier CRJ900

  

  Uruguay's flag air carrier PLUNA officially presented this week the first of fifteen Canadian manufactured Bombardier CRJ900 models with which the now partly privatized company intends to renew its fleet and regional business opportunities.

• Wednesday, March 26th 2008 - 21:00 UTC

  ICG Software opens own headquarters in Uruguay

  

  Responding to the need to increment our international expansion, the ICG Software group will open an own office in the Oriental Republic of Uruguay, in order to foster the strong growth of business in the Southern Cone.

• Tuesday, March 25th 2008 - 21:00 UTC

  Tata Motors takes over Jaguar and Land Rover this week

  

  Ford is expected to announce on Wednesday the sale of Jaguar and Land Rover to India's Tata Motor's reported the Financial Times. The approximately 2 billion US dollars deal will include a pledge by Ford to contribute to the two brands' pension fund, and by Tata to continue buying engines from Ford, sensitive points with trade unions.

• Thursday, March 20th 2008 - 21:00 UTC

  Spain faces excess housing: 3 million flats empty

  A new United Nations report has criticized the housing policy in Spain, and highlighted the fact that local councils have been dependent on granting of building licences and other real estate deals for their income.