Investments

• Wednesday, May 27th 2009 - 11:58 UTC

  Rio Tinto cuts iron ore prices to Japan steelmakers by 33%

  

  Rio Tinto has agreed to cut key iron ore prices to Japanese steelmakers by 33% in this year's first contract setting a benchmark. However China, the world’s leading consumer of iron ore is not expected to accept such a benchmark.

• Friday, May 22nd 2009 - 12:49 UTC

  Brazilian aircrafts for nationalized Aerolineas Argentinas

  

  The Argentine government signed Thursday a contract to purchase twenty mid range aircrafts from Brazilian manufacturer Embraer for recently nationalized flag carrier Aerolineas Argentinas. President Cristina Fernandez de Kirchner said these will be the first new aircrafts for Aerolineas in 16 years.

• Thursday, May 21st 2009 - 11:41 UTC

  Foreign direct investment to Latam reached 139 billion USD in 2008

  

  Direct foreign investments in Latinamerica and the Caribbean are showing a significant resistance to the global crisis and in 2008 reached a record 139 billion US dollars, up 9.4% from the previous year according the United Nations Conference on Trade and Development.

• Wednesday, May 20th 2009 - 14:39 UTC

  Business climate in Latinamerica undergoes slight improvement

  

  The business climate in Latinamerica experienced a slight improvement in the last three months having jumped from 2.9 points in January to 3.6 in April, although it is still one of the worst levels in seven years, reported the Brazilian Foundation Getulio Vargas

• Wednesday, May 20th 2009 - 03:18 UTC

  Brazil/China consolidate energy, trade and finance partnership

  

  Brazil and China signed Tuesday in Beijing thirteen accords to promote trade, investments and cooperation plus a 10 billion US dollars loan for Petrobras. It was also agreed that bilateral trade in the near future is to be done using the Real and the Yuan.

• Wednesday, May 20th 2009 - 02:38 UTC

  Brasil Foods to become world’s top exporter of processed meat and chicken

  

  Two of Brazil’s biggest food companies announced on Tuesday plans to merge, creating an exporting powerhouse in a stock swap deal prompted by the global financial crisis. Executives from Perdigao SA and Sadia SA said they expect their new enterprise, to be called Brasil Foods SA, to become the world's top exporter of processed meat and chicken.

• Saturday, May 16th 2009 - 12:56 UTC

  Brazil/China to sign agreement to develop sub-salt oil deposits

  

  Brazil's President Lula da Silva is to sign a “voluminous” financing agreement for government managed Petrobras on a visit to China next week said Energy Minister Edison Lobao.

• Thursday, May 14th 2009 - 09:56 UTC

  Peru inaugurates largest and most modern air cargo hub

  

  Peru's president Alan García officially opened this week Lima Cargo City, considered the most modern air freight logistics centre in Latinamerica, built with an investment of more than 35 million US dollars.

• Wednesday, May 6th 2009 - 12:53 UTC

  Fiat planning a new auto giant with Chrysler and GM Latinamerica

  

  Fiat is eyeing US auto giant General Motors' operations in Latin America as well as those in Europe (Opel) and discussions on a possible deal are under way, an industry source said Tuesday.

• Wednesday, April 29th 2009 - 07:10 UTC

  Second pulp mill project in Uruguay could be taken over by Portugal

  

  Spain’s pulp and paper manufacturer Ence is ready to accept 400 million US dollars from its Portuguese competitor Portucel to keep the pulp mill project in Uruguay alive. Portucel would take a considerable share of the mill, forested land and would join Ence in a strategic alliance according to reports in the Spanish financial newspaper Expansion.