Investments

Friday, October 26th 2007 - 20:00 UTC
P. Arenas Methanex blames poor performance on Argentina

Canada's Methanex Corportion blamed its poor performance during the third quarter to the serious natural gas restrictions from Argentina which means its main methanol plant in Punta Arenas is working at 25% of its potential.
Thursday, October 25th 2007 - 20:00 UTC
Argentine pulp company plans a million tons plant in Uruguay

An Argentine corporation has joined a group of European and Japanese companies that are intent in turning Uruguay into a leading partner in the pulp and paper industry. Celulosa Argentina announced Wednesday it has plans to invest a billion US dollars to produce a million tons of pulp annually.
Thursday, October 25th 2007 - 20:00 UTC
First commercial flight of A380 with 455 pax, a complete success

The world's largest jetliner made aviation history Thursday, completing its first commercial flight from Singapore to Sydney with 455 passengers, some of them ensconced in luxury suites and double beds.
Tuesday, October 23rd 2007 - 20:00 UTC
London is Europe's top city for business and investors

For the second year running London is Europe's top city in terms of prospects for economic growth in an overall outlook for European property which is described as good despite the credit crisis, according to the ninth European regional Economic Growth Index released Tuesday by LaSalle Investment Management.
Saturday, October 20th 2007 - 20:00 UTC
Portuguese paper maker looking to invest in Uruguay

Portuguese pulp and paper maker Portucel will decide before the end of the year whether it will build a plant in Uruguay, government representatives announced. This would become the fourth pulp mill to be established in Uruguay.
Saturday, October 20th 2007 - 20:00 UTC
Botnia pulp mill to begin production in mid November

Uruguay announced Friday that the Botnia-Orion pulp mill, which has been at the heart of an ongoing bitter controversy with Argentina, is set to begin production in mid November conditioned to the finishing of a bicycle lane and an alternative water intake for the plant.
Thursday, October 18th 2007 - 20:00 UTC
Bill Gates anticipates voice-text-video integration revolution

Computer giant Microsoft is getting into the telephone business. Chairman Bill Gates was in San Francisco for the official launch of software linking a person's phone, computer and other communications devices.
Thursday, October 18th 2007 - 20:00 UTC
Four groups after ESSO assets in South America

Brazil's Petrobras, Venezuela's PDVSA and two Argentine groups are interested in acquiring US oil coporation Esso assets in South America, reports El Cronista, a business newspaper from Buenos Aires.
Saturday, October 13th 2007 - 21:00 UTC
Uruguay: mega integrated beef cattle project announced

Uruguayan representatives of Britain's Breeders & Packers announced this week in Montevideo plans for an abattoir with an annual capacity of 320.000 head of cattle bred in feed lots involving investments of over 100 million US dollars.
Thursday, October 11th 2007 - 21:00 UTC
Chile plans to invest 17 billion US dollars in mining industry

Chile's Mining Minister Karen Poniachik disclosed Monday that Chile is anticipating 17 billion US dollars on new gold and copper mining investment in the next five years. Poniachik said the new cash infusion is needed to replace existing mines whose reserves are running out and to bolster output.