Investments

Thursday, November 29th 2007 - 20:00 UTC
Argentina and Chile to sign huge Andean shared mining project

The governments of Chile and Argentina will sign an agreement this week pushing forward the development of another massive bi-national mining project. The deal is intended to hurry approval of work at “Las Flechas” mineral deposits by using existing treaties and protocols to govern its construction.
Thursday, November 29th 2007 - 20:00 UTC
UK house prices fall at fastest rate since 1995 in November

United Kingdom house prices fell at their fastest rate for more than 12 years during November, according to Nationwide Building Society. The average cost of a home in the UK dropped by 0.8% during the month, almost wiping out October's unexpected jump of 1.1%.
Tuesday, November 27th 2007 - 20:00 UTC
Royal Navy launches third and most potent Type 45 destroyer

The Royal Navy's newest and most powerful Type 45 destroyer “Diamond” was launched Tuesday from BAE's shipyard at Govan, on the Clyde, Scotland. Several thousand members of the public attended the launch, including over three thousand local school children.
Sunday, November 25th 2007 - 20:00 UTC
Sao Paulo and Bs As have highest regional real estate values

Real estate values in the capital of Argentina, Buenos Aires this year figure below those of Brazil's main city Sao Paulo but above prices in Santiago de Chile and Montevideo, Uruguay according to a report from consultants Reporte Inmobiliario.
Thursday, November 15th 2007 - 20:00 UTC
Plans for highway linking Chile, Brazil and landlocked Bolivia

The presidents of Chile, Bolivia and Brazil want to step up plans to build a highway from the Pacific to the Atlantic oceans that would boost trade, Chilean Foreign Minister Alejandro Foxley said in Santiago
Thursday, November 15th 2007 - 20:00 UTC
“Internet access for the next billion” conference in Rio

Participants at the United Nations Internet Governance Forum, which has brought some 1,700 delegates from government, civil society and the private sector to Rio de Janeiro this week, called today for Internet “access for the next billion” people.
Thursday, November 15th 2007 - 20:00 UTC
Mexican tycoon wins contract in Panama Canal expansion

A consortium led by Mexican billionaire tycoon Carlos Slim posted the cheapest bid on Wednesday to win the latest small contract to expand the Panama Canal, part of the wider 5.25 billion US dollars project.
Tuesday, November 13th 2007 - 20:00 UTC
Global banks could loose 400 billion with US housing slump

Global banks are likely to loose up to 400 billion dollars stemming from mortgage investments that have soured in the US housing slump, according to an industry report. Major banks will have to continue to write off stricken multibillion investments in mortgage backed securities.
Tuesday, November 6th 2007 - 20:00 UTC
Booming Shanghai makes PetroChina world's biggest firm

China's oil corporation PetroChina became on Monday the world's biggest firm by market value on its first day of trading in Shanghai. She displaced US corporation Exxon Mobil.
Thursday, November 1st 2007 - 20:00 UTC
Repsol-YPF reducing Latam's incidence in its global turnover

Spanish Oil Company Repsol YPF announced Wednesday the sale of a chain of 206 service stations in Chile to Colombian company Organizacion Terpel for 210 million US dollars. Repsol said the sale was part of the restructuring of its Latin American assets.The sale also includes the industrial sales business including its infrastructure. Repsol plans to focus on its core business said Madrid's El País.