Investments

• Friday, October 5th 2007 - 21:00 UTC

  Brazil tightening on foreign purchase and ownership of land

  

  Global liquidity in recent years has led to a boom, --and speculation--, in real estate and farming land in Mercosur member countries. Argentina, Brazil, Uruguay and Paraguay have seen land prices soar pushed by foreign buyers and now governments are reacting tightening restrictions on land ownership.

• Friday, October 5th 2007 - 21:00 UTC

  Ecuador willing to rework contracts with foreign oil companies

  

  Ecuador offered on Friday to rework the contracts of foreign oil companies that object to a decree sharply reducing their share of windfall oil revenues. President Rafael Correa surprised companies on Thursday by decreeing that the government will take 99% of the profits gained when oil prices rise above contracted levels. Previously, it was a 50-50 split.

• Wednesday, October 3rd 2007 - 21:00 UTC

  India's Mittal takes leading control of Argentine steel industry

  

  ArcelorMittal the world's largest steel group announced plans to offer 542 million US dollars to take over Argentina's Acindar and increase its presence in Latinamerica.

• Thursday, September 27th 2007 - 21:00 UTC

  Sao Paulo holds Kyoto Protocol “carbon market” auction

  A bank from the Netherlands has emerged as the winning bidder in an auction which marks a new phase in the global “carbon market” reports the BBC. Fortis Bank has paid more than 13m Euros for the rights to emit 800,000 tons of carbon dioxide, in the first such auction to be held in a regulated exchange, the Brazilian Mercantile and Futures Exchange (BM&F

• Thursday, September 27th 2007 - 21:00 UTC

  Boeing predicts Latam will buy 1.700 planes in next 20 years

  

  Boeing forecasts that demand for air travel in Latin America will see the region buy more than 1,700 planes worth 120 billion US dollars over the next 20 years.

• Wednesday, September 26th 2007 - 21:00 UTC

  Conservationists buy and expand US Virgin Islands national park

  

  A large stretch of coastal land has been secured by a United States conservation group, paving the way for the biggest expansion of the U.S. Virgin Islands National Park since it was created more than 50 years ago

• Wednesday, September 26th 2007 - 21:00 UTC

  FIG secures future of the historic Stanley Racecourse

  

  The Falkland Islands historic Stanley Racecourse is now totally government owned thus securing the whole area for recreational purposes at least for the next fifteen years. The racecourse considered a Falklands' heritage is one of the main annual attractions for local residents particularly over Christmas and New Year

• Monday, September 24th 2007 - 21:00 UTC

  Uruguay's forests ready for the fourth pulp mill project

  

  Uruguay is on route to add another substantial option to its commodities' led economy: pulp and paper. A pulp mill is ready to begin production, another two are on the drawing board and a fourth has been announced by Portuguese interests.

• Sunday, September 16th 2007 - 21:00 UTC

  Lula da Silva in Madrid to attract “wave of Spanish investors”

  

  In search of more investments Brazilian president Luiz Inacio Lula da Silva arrived this weekend in Spain where beginning next Monday he has a heavy schedule of political and economic meetings.

• Thursday, September 13th 2007 - 21:00 UTC

  Uruguay/Argentina pulp mill dispute becomes silent entente

  

  Uruguay and Argentina seem to be silently working a way out from the controversy over the construction of a pulp mill on shared fluvial waters, which has been escalating for several years “overflowing” to the international and regional tribunals as well as the facilitating efforts of the Spanish Crown.