Investments

• Thursday, August 14th 2008 - 21:00 UTC

  Farming Systems Uruguay posts $US1.6 m profit

  

  New Zealand Farming Systems Uruguay today posted a net after tax profit of $US1.6 million ($NZ2.3m) for the year to June 30, boosted by earnings of $US8m from milk sales, at record prices of about US40c a litre.

• Wednesday, August 13th 2008 - 21:00 UTC

  Brazilian mining giant orders 12 largest class ore carriers

  

  Brazilian iron ore miner Vale has ordered a dozen of the largest class of ore carriers from a Chinese shipbuilder for 1.6 billion US dollars, aiming to boost business with fast-growing Asian customers.

• Saturday, August 9th 2008 - 21:00 UTC

  Bolivia, Shell reach agreement in nationalization

  Bolivia has reached an agreement in principle to purchase the local operations of energy company Royal Dutch Shell PLC as part of President Evo Morales' nationalization push.

• Friday, August 8th 2008 - 21:00 UTC

  Petrobras takes over Esso downstream assets in Chile

  

  Brazil's government managed oil and gas corporation Petrobras signed this week the purchase of ExxonMobil's assets in Esso Chile Petrolera and other associated Chilean companies.

• Friday, August 8th 2008 - 21:00 UTC

  Marsans Aerolineas stands on purchase order of 61 Airbus

  

  Spain's Marsans is forging ahead with its purchase of 61 Airbus planes despite the looming sale of its subsidiary Aerolineas Argentinas, which was due to take around 40 of the aircraft, a spokesman for the travel firm said on Friday according to press reports from Spain.

• Tuesday, August 5th 2008 - 21:00 UTC

  Spanish gas company incorporates local partner in Argentina

  Spanish utility Gas Natural announced Monday in Buenos Aires it had agreed to sell 19.6% of its Argentine subsidiary to a local pharmaceutical group Chemo for 56 million US dollars.

• Tuesday, August 5th 2008 - 21:00 UTC

  Foreign investment in Chile triples with 55 new projects

  Chile has proved once again to be a foreign investment magnet as overseas companies have announced over 6.62 billion US dollars in projects so far this year, Chile's Economy Ministry reported.

• Wednesday, July 30th 2008 - 21:00 UTC

  Rio Tinto Corumba project target: 14.1 million tons of iron

  

  Rio Tinto PLC, the world's second-largest iron ore producer announced Tuesday it will spend 2.15 billion US dollars on a major expansion of its iron ore mine in Corumbá, Brazil, to help meet increasing demand in South America and the Middle East.

• Tuesday, July 29th 2008 - 21:00 UTC

  Chilean mining companies, Latam's most profitable

  Chilean mining companies top the list of Latin America's 500 most profitable companies, according to the magazine América Economía.

• Tuesday, July 29th 2008 - 21:00 UTC

  Air industry future is here: merger of British and Iberia

  

  British Airways is on the verge of joining forces with Spanish carrier Iberia after revealing both companies' boards' unanimously support an all-share merger. In a statement British Airways said it was in talks with Iberia with a view to an all-share merger of the two companies.