Investments

Sunday, January 27th 2008 - 20:00 UTC
Peru became in 2007 Chile's main foreign investment attraction

Chile's foreign direct investment in 2007 reached its highest level in the past 10 years, according to the Santiago Chamber of Commerce (CCS). Of 4.689 billion US dollars in Chilean capital invested outside Chile, 26%, or 1.236 billion dollars, ended up in Peru.
Thursday, January 17th 2008 - 20:00 UTC
Argentina awards contract for Latam's first high speed train

Argentina's president Cristina Fernandez de Kirchner officially announced Wednesday that the French group Alstom and its partners IECSA, Emepa, Isolux Corsan have been awarded the first very high-speed train link project in Latin America.
Saturday, January 12th 2008 - 20:00 UTC
Cuba waiting for Lula da Silva and promises of investment

Brazilian President Luiz Inacio Lula da Silva is scheduled to visit Cuba next week offering investments, but Fidel Castro's health makes a meeting between the two uncertain, Lula's spokesman said in Brasilia.
Saturday, January 12th 2008 - 20:00 UTC
A second pulp mill begins to break ground in Uruguay

Spanish corporation ENCE begins next week to break ground in the south of Uruguay for the construction of a pulp mill with capacity for a million tons annually. The billion US dollars project is still in the blue print and environment impact assessment stage but the company and the Uruguayan government are confident of the results.
Thursday, January 10th 2008 - 20:00 UTC
Cheapest car for $2,500; targets Indian families

Tata Motors Ltd., India's largest truckmaker, unveiled the country's cheapest car, pricing it at 100,000 rupees ($2,500) as it aims to convince the nation's 45 million motorcycle riders to trade up to four wheels.
Wednesday, January 9th 2008 - 20:00 UTC
Norwegian company suspends energy project in Chile

Norwegian energy company SN Power recently agreed to temporarily suspend activities on its southern Chile Region XIV hydroelectric project due to vocal opposition from local indigenous groups.
Tuesday, January 8th 2008 - 20:00 UTC
Falklands' seminar to debate location of deep water port

Where in the Falkland Islands to place a deep water port? is the question to be debated at a Stanley seminar later in January.
Monday, January 7th 2008 - 20:00 UTC
Chile/Argentina tax dispute delays gold mine development

Construction of the 2.4 billion US dollars Pascua Lama gold mine has been delayed at least one year due to a tax dispute between Chile and Argentina. The Pascua Lama mine straddles the Chile-Argentine border
Saturday, January 5th 2008 - 20:00 UTC
Navios launches South American logistics business

Bulk transportation company Navios Maritime Holdings Inc. said it has formed a South American logistics business by combining its existing port operation in Uruguay with the barge and upriver port businesses operated by the Horamar Group.
Thursday, January 3rd 2008 - 20:00 UTC
Bolivian approval for gigantic iron and steel project

Jindal Steel & Power Ltd., an Indian steel and power producer, secured government approvals from Bolivia for its 2.1 billion US dollars Mutun iron ore and steel project, its largest investment overseas.