Investments

• Monday, February 2nd 2009 - 20:00 UTC

  Wreckage of 18th century legendary HMS Victory found

  

  A shipwreck believed to contain more than a billion dollars of gold has been discovered at the bottom of the English Channel. HMS Victory, the legendary British warship which was the predecessor to Lord Nelson's Victory, sank during a storm in 1744, taking more than 1,000 sailors to their deaths

• Friday, January 30th 2009 - 20:00 UTC

  Rio Tinto sells mining assets in Argentina and Brazil

  

  Anglo-Australian Rio Tinto Group is selling mining assets in Argentina, Brazil and Canada to Brazilian competitor Vale Doce for 1.6 billion US dollars in an attempt to reduce its 39 billion debt load y 10 billion. The group also admitted it was considering a big equity issue.

• Monday, January 26th 2009 - 20:00 UTC

  Pfizer-Wyeth defy stress and merge into pharmaceutical giant

  

  A pharmaceutical giant was created Monday after US drug maker Pfizer announced it would be acquiring Wyeth in a 68 billion US dollars merger deal that could spark hopes of further consolidation across the industry.

• Sunday, January 25th 2009 - 20:00 UTC

  Petrobras ignores crisis and increases investments 55%

  

  At a time when large raw materials companies around the world are cutting back budgets in the face of falling prices and demand Brazil's government managed oil and gas corporation Petrobras announced a 55% increase in its five year investment plan.

• Tuesday, January 20th 2009 - 20:00 UTC

  Fiat and Chrysler team up to face global car sector purge

  Italian carmaker Fiat and US giant Chrysler have agreed to create a global strategic alliance, the companies said in a statement. Under the terms of the deal, Fiat will get a 35% stake in Chrysler. In return, the US firm will get access to Fiat's fuel-efficient vehicle technologies.It is hoped the agreement will lead to “substantial” savings for Chrysler.

• Monday, January 19th 2009 - 20:00 UTC

  Ecuador closer to Iran which promised 200 million USD loan

  

  Iran will loan more than 200 million US dollars to Ecuador and will study several investment projects in the country, Ecuador's President Rafael Correa announced during his Saturday radio and television program.

• Monday, January 12th 2009 - 20:00 UTC

  Falklands conflict trophy up for auction in Oxford

  A battle trophy taken from a patrol boat after the Argentine surrender of the Falkland Islands conflict in 1982 is expected to reach hundreds of pounds at auction, reports The News from Portsmouth.

• Sunday, January 11th 2009 - 20:00 UTC

  Brazil's capital readies for the fiftieth anniversary in 2010

  Brazil's greatest living architect Oscar Niemeyer has presented the blueprint for a new project, “The Sovereignty Plaza” to be built next to the Ministries esplanade in Brasilia. The official opening is scheduled for April 21st, 2010 when the capital city he designed will be celebrating half a century.

• Friday, January 9th 2009 - 20:00 UTC

  Brazil plans internet access for 26% of the population

  Brazil has 43 million Internet users, according to Ibope/NetRatings statistics for the year 2008 published in the business daily Valor. The number of cybernauts could be even greater since the statistics included only people over 16 with Web access from home, workplaces, schools, libraries and Internet cafes, the newspaper said.

• Wednesday, December 31st 2008 - 20:00 UTC

  Builders unearth 18th century galleon in Buenos Aires

  

  Argentine builders stumbled across the wreck of an 18th century Spanish galleon while digging the foundations for a riverside high-rise building in Buenos Aires, archeologists said on Tuesday.