Investments

• Monday, November 2nd 2009 - 14:14 UTC

  Stora Enso confirms construction of pulp mill in Uruguay

  

  The Swedish-Finland group Stora Enso and Chile’s Arauco confirmed to the Uruguayan government their intention of building a pulp mill in the country with an investment in the range of two billion US dollars reports the Montevideo daily Ultimas Noticias.

• Saturday, October 31st 2009 - 11:41 UTC

  Argentina and Uruguay again clash over the Botnia pulp mill

  

  The Argentine government strongly repudiated on Friday a report from the Environmental Board of Uruguay saying Argentina had “adulterated” information referred to the pulp mill dispute submitted to the International Court at The Hague.

• Saturday, October 31st 2009 - 11:35 UTC

  “Oasis of the Seas” with its 2.700 cabins on maiden voyage to Florida

  

  The world's largest cruise liner began Friday its maiden voyage to Florida, gliding out from a shipyard in Finland with an amphitheatre, basketball courts and an ice rink on board. The 16-deck Oasis of the Seas spans 360 metres from bow to stern. Its 2,700 cabins can accommodate 6,300 passengers and 2,100 crew.

• Friday, October 30th 2009 - 11:10 UTC

  Argentina Chile plan to bore two integration tunnels under the Andes

  

  Relations between Argentina and Chile are going through an optimum moment and once we drill through the Andes, “ghosts of the past will definitively have gone”, said Argentine president Cristina Fernandez de Kirchner during the first of her two day visit to Chile.

• Friday, October 30th 2009 - 07:35 UTC

  Cuba’s Sugarcane Ethanol Potential: the Return of King Sugar

  

  “Central America and the Caribbean, historical sugar-producing economies where the sugar-ethanol infrastructure already has a foundation, labor costs are low, and the political conditions are more or less stable– offers the best near-term potential for large-scale sugarcane ethanol production. This is a market opportunity which Cuba, with the longest experience of sugar–ethanol and sugarcane derivates production in the region, is positioned to take advantage of”.

• Friday, October 30th 2009 - 03:17 UTC

  China offering to invest and create jobs in Taiwan friendly Paraguay

  

  A delegation of Chinese private businessmen met this week with Paraguay’s president Fernando Lugo with the purpose of expressing their interest in investing in the country, more precisely in the manufacture of cellular phones, batteries and battery chargers.

• Thursday, October 29th 2009 - 09:50 UTC

  Brazilian government lowers tax to benefit consumers and farmers

  

  Brazil’s main meat processor JBS praised the government for lowering a local tax that will ultimately benefit consumers and farmers. JBS is also in the process of becoming the world’ leader in animal protein food by taking over US chicken producer Pilgrim’s Pride and merging with Brazil’s Bertin SA.

• Wednesday, October 28th 2009 - 14:29 UTC

  France’s Crédit Agricole selling its banking assets in Uruguay

  

  French bank Credit Agricole officially announced this week it had begun consultations to sell its banking interests in Uruguay where it operates under the name of Credit Uruguay.

• Wednesday, October 28th 2009 - 07:21 UTC

  World’s largest cruise vessel, 225.282 tons delivered to Royal Caribbean

  

  The final pieces are falling into place for “Oasis of the Seas” with the ship's future owners Royal Caribbean and homeport Fort Lauderdale in Florida State poised to introduce the world to the largest cruise ship ever built.

• Friday, October 23rd 2009 - 08:38 UTC

  Uruguay: risk contract with US company to explore for natural gas onshore

  

  Uruguay signed on Friday the first risk contract for the exploration of hydrocarbons in the north of the country, the first ever of its kind. US company Schuepbach Energy from Dallas will be looking for possible traces of natural gas in lutite sedimentary rocks during a two year period in an area of 10.000 square kilometres.