Investments

Thursday, March 26th 2009 - 10:36 UTC
Sinking pound makes Gibraltar a shopping haven for Spaniards

An article in the latest edition of the UK national daily ‘The Guardian’ describes Gibraltar as “a miraculous survivor in these days of international financial turmoil and sweeping recession, thanks to a sinking pound and an economy that grows at a rate comparable to that of China.”
Thursday, March 26th 2009 - 06:34 UTC
Brazilian credit for Aerolineas to purchase 20 aircrafts

Brazil has agreed to lend 700 million US dollars to state-owned airline Aerolineas Argentinas to fund its purchase of 20 planes from Embraer in an effort to save jobs at the aircraft maker.
Thursday, March 26th 2009 - 05:26 UTC
China promises Uruguay expanded trade and investments

Uruguayan president Tabare Vazquez left China Wednesday with promises of more investments and an increase in purchases of tops, wool, pulp, meat and fisheries, according to reports from the official press released in Beijing.
Wednesday, March 25th 2009 - 07:49 UTC
Abu Dhabi sovereign fund takes over 9.1% stake of Daimler-Benz

German car and trucks manufacturer Daimler- Benz sold a 9.1% stake to an Abu Dhabi sovereign investment fund. The fund, Aabar Investments, will invest 1.95 billion Euros becoming the biggest shareholder.
Tuesday, March 24th 2009 - 07:12 UTC
Uruguayan president in China to promote trade and investments

Visiting Uruguayan president Tabare Vazquez and his Chinese counterpart Hu Jintao called Monday for “firm results” from the coming G-20 summit in London next week according to reports in the official Chinese press.
Thursday, March 19th 2009 - 16:44 UTC
Pulp and paper maker Stora Enso freezes huge mill expansion in Brazil

Europe’s largest paper and pulp maker Stora Enso anticipated a drop in first quarter earnings and said it is freezing the expansion of a mill in Brazil because of sliding demand for wood and fine paper used in offices and magazines.
Wednesday, March 18th 2009 - 13:54 UTC
Falkland Oil & Gas and Billiton ready to drill in Falklands’ waters

Falkland Oil and Gas Ltd (FOGL.L), which has a farm-in-deal with BHP Billiton, said on Tuesday it expected to be “drill ready” by the end of the third quarter or early 2010. The announcement was made after having posted a narrower full-year pre-tax loss.
Monday, March 16th 2009 - 08:58 UTC
Repsol accepts Ecuador new contract rules for oil sharing

Ecuador’ government owned Petroecuador signed a transitional contract with Repsol-YPF, giving the Ecuadorian government a bigger share of the Spanish oil company’s profits for one year and paving the way for new fee-for-service deal.
Friday, March 13th 2009 - 12:42 UTC
Uruguay attracts European investments in timber plantations

Favourable timber growing conditions, a good business climate and a stable political environment has attracted a number of European forest companies to invest in Uruguay the past few years, reports WRQ.
Thursday, March 12th 2009 - 08:10 UTC
Recovery of sunken vessel with gold in South Atlantic begins next week

An offshore services support Norwegian vessel will begin next week working for the recovery of the Chilean flagged trawler “Polar Mist” loaded with containers containing gold and silver that was lost in the South Atlantic offshore Argentina.