Investments

• Thursday, July 9th 2009 - 12:14 UTC

  Repsol in the process of selling YPF to China, says Beijing press

  

  Chinese media based on reliable sources from the country’s giant oil corporation CNPC (China National Petroleum Corporation) report the almost certain sale by Spain’s Repsol of 75% of its subsidiary YPF, an operation involving 14.5 billion US dollars

• Tuesday, July 7th 2009 - 11:16 UTC

  Brazilian beef processor raises cattle slaughter capacity to 26.000 head

  

  Brazilian corporation JBS SA, the world's biggest beef processor said on Monday it had raised its slaughtering and de-boning capacity in Brazil by around 25% through the leasing of five more plants.

• Monday, July 6th 2009 - 12:54 UTC

  China downplays interest in stake of Repsol/YPF

  

  Chinese oil producer CNOOC is seeking cooperation rather than acquisitions, the corporation’s president Fu Chengyu was quoted on Sunday, amid talk CNOOC had set its sights on a unit of Spanish oil major Repsol/YPF.

• Monday, July 6th 2009 - 10:07 UTC

  Two Sea Kings for Argentine Antarctic operations

  

  The Argentine Navy received at the end of June the second batch of two UH-3H Sea King helicopters out of a total of six which will replace losses experienced in Antarctic operations it was reported by Puerto Belgrano Marine’s Gazette.

• Monday, July 6th 2009 - 10:00 UTC

  Brazil/Bolivia/Chile inter-oceanic corridor ready for 2011

  

  Bolivia, Brazil and Chile have announced that the inter-oceanic corridor, from the Atlantic to the Pacific will be finished by 2011. The announcement was made following an assessment of the different legs of the corridor during a meeting in La Paz, Bolivia between the Public Works ministers of the three countries.

• Monday, July 6th 2009 - 09:56 UTC

  GM, a respected, innovative, fuel efficient brand in Latinamerica

  

  In spite of its misfortune or long standing mismanagement in the US, General Motors Corp. has built a thriving powerhouse operation in Latin America, where its fuel-efficient vehicles are playing a crucial role in returning the battered company to health.

• Saturday, July 4th 2009 - 08:21 UTC

  Petrobras begins refining oil from the pre-salt basin

  

  Brazil’s government managed oil corporation Petrobras reported this week it had begun refining oil from the Tupi field, located at the pre-salt area of Santos Basin which is Brazil’s great hope for becoming a major player in the world’s hydrocarbons market.

• Thursday, July 2nd 2009 - 12:35 UTC

  YPF/Petrobras/GALP to explore for oil in Uruguayan waters

  

  A consortium made up of YPF/Repsol, Petrobras Uruguay and GALP from Portugal has won a bid to explore for oil in two offshore blocks near the coast of Uruguay, according to industry reports late Wednesday.

• Thursday, July 2nd 2009 - 00:27 UTC

  Falklands’ could have new deepwater port by 2012

  

  Economic situation allowing, the Falkland Islands hope to have a new deepwater port by 2012.

• Wednesday, June 24th 2009 - 04:00 UTC

  South American wines help overcome the global crisis

  

  As the world grits its teeth and grabs another glass of something to chase the blues away, South American wine producers are watching exports bounce. International wine sales from places like Chile, Argentina, Brazil and Peru are up in the first quarter of 2009, and industry professionals are saying the crisis has been positive for them.