Investments

Thursday, October 18th 2007 - 20:00 UTC
Bill Gates anticipates voice-text-video integration revolution

Computer giant Microsoft is getting into the telephone business. Chairman Bill Gates was in San Francisco for the official launch of software linking a person's phone, computer and other communications devices.
Thursday, October 18th 2007 - 20:00 UTC
Four groups after ESSO assets in South America

Brazil's Petrobras, Venezuela's PDVSA and two Argentine groups are interested in acquiring US oil coporation Esso assets in South America, reports El Cronista, a business newspaper from Buenos Aires.
Saturday, October 13th 2007 - 21:00 UTC
Uruguay: mega integrated beef cattle project announced

Uruguayan representatives of Britain's Breeders & Packers announced this week in Montevideo plans for an abattoir with an annual capacity of 320.000 head of cattle bred in feed lots involving investments of over 100 million US dollars.
Thursday, October 11th 2007 - 21:00 UTC
Chile plans to invest 17 billion US dollars in mining industry

Chile's Mining Minister Karen Poniachik disclosed Monday that Chile is anticipating 17 billion US dollars on new gold and copper mining investment in the next five years. Poniachik said the new cash infusion is needed to replace existing mines whose reserves are running out and to bolster output.
Friday, October 5th 2007 - 21:00 UTC
Brazil tightening on foreign purchase and ownership of land

Global liquidity in recent years has led to a boom, --and speculation--, in real estate and farming land in Mercosur member countries. Argentina, Brazil, Uruguay and Paraguay have seen land prices soar pushed by foreign buyers and now governments are reacting tightening restrictions on land ownership.
Friday, October 5th 2007 - 21:00 UTC
Ecuador willing to rework contracts with foreign oil companies

Ecuador offered on Friday to rework the contracts of foreign oil companies that object to a decree sharply reducing their share of windfall oil revenues. President Rafael Correa surprised companies on Thursday by decreeing that the government will take 99% of the profits gained when oil prices rise above contracted levels. Previously, it was a 50-50 split.
Wednesday, October 3rd 2007 - 21:00 UTC
India's Mittal takes leading control of Argentine steel industry

ArcelorMittal the world's largest steel group announced plans to offer 542 million US dollars to take over Argentina's Acindar and increase its presence in Latinamerica.
Thursday, September 27th 2007 - 21:00 UTC
Sao Paulo holds Kyoto Protocol “carbon market” auction

A bank from the Netherlands has emerged as the winning bidder in an auction which marks a new phase in the global “carbon market” reports the BBC. Fortis Bank has paid more than 13m Euros for the rights to emit 800,000 tons of carbon dioxide, in the first such auction to be held in a regulated exchange, the Brazilian Mercantile and Futures Exchange (BM&F
Thursday, September 27th 2007 - 21:00 UTC
Boeing predicts Latam will buy 1.700 planes in next 20 years

Boeing forecasts that demand for air travel in Latin America will see the region buy more than 1,700 planes worth 120 billion US dollars over the next 20 years.
Wednesday, September 26th 2007 - 21:00 UTC
Conservationists buy and expand US Virgin Islands national park

A large stretch of coastal land has been secured by a United States conservation group, paving the way for the biggest expansion of the U.S. Virgin Islands National Park since it was created more than 50 years ago