Tag: investments

• Tuesday, March 8th 2011 - 02:05 UTC

  Uruguayan investors purchased 1.1 million hectares in the Paraguayan Chaco

  

  Uruguayan investors have purchased an estimated 1.1 million hectares in the Paraguayan Chaco, (heartland of landlocked Paraguay) in spite of the fact land prices have quadrupled in the last two years. The record year was 2010 with 200.000 hectares.

• Wednesday, February 16th 2011 - 22:39 UTC

  Uruguay’s debt rated “positive” and edging on investment grade, says DBRS

  

  Canadian credit rating agency DBRS maintained Uruguay’s debt at BB (two steps below investment grade) but elevated prospect from stable to positive. The latest release from DBRS means Uruguay in the next 6 to 12 months could advance to one step below investment grade if “current fiscal discipline is sustained and levels of debt continue the descending trend”.

• Friday, February 11th 2011 - 06:29 UTC

  Colombian oil and coal reserves attract Latam’s tycoons

  

  Carlos Slim considered by Forbes Magazine the richest man in the world said he’s seeking to boost his investments in Colombia because of the country’s open policy on oil exploration, its mineral assets and growing middle class.

• Saturday, August 7th 2010 - 00:49 UTC

  New tax and banking bill ‘scares’ investors warns Uruguayan business community

  

  The Uruguayan government announced intention of making banking secret accounts “more flexible” and expanding income tax to overseas holdings and assets have delayed investment decisions and accelerated the sale of real estate in Uruguay by foreigners, particularly Argentines, warned the Uruguayan Chamber of Tourism.

• Monday, July 19th 2010 - 04:14 UTC

  China promises Germany’s Merkel support for the Euro

  

  Chinese Premier, Wen Jiabao, has said that China will continue to invest in European markets, despite the debt problems affecting many Euro zone countries. He was speaking in Beijing alongside the German Chancellor, Angela Merkel. She described his pledge as an important signal that China has confidence in the Euro.

• Tuesday, May 25th 2010 - 10:26 UTC

  Argentina’s Soy King praises Uruguay and its farming revolution

  

  Gustavo Grobocopatel also known as the Soy King of Argentina praised Uruguay’s conditions for corporate growth and said the country in the last seven years has undergone “revolutionary changes”.

• Saturday, May 15th 2010 - 04:16 UTC

  China Signs 23 Billion USD Deal with Nigeria to Build Three Refineries

  

  Nigeria's state-run oil firm Nigerian National Petroleum Corporation and China State Construction Engineering Corporation have signed a 23 billion US dollars deal.

• Monday, May 10th 2010 - 18:44 UTC

  Falklands’ Oil Discovery Announcement Has Rockhopper Shares up 32% Monday

  

  Shares in Rockhopper Exploration (LON:RKH) soared by 32% on Monday morning, after the latest results of its Sea Lion oil discovery in the Falkland Islands suggested a good quality reservoir.

• Saturday, May 8th 2010 - 06:01 UTC

  Cuban Sugar Crop Worst in a Century; Brazilian Investors Could Take over Industry

  

  The current sugar harvest is Cuba’s worst since 1905, according to Communist Party daily Granma. The news comes two days after President Raúl Castro fired the minister responsible for the area amid increasing rumours that foreign investors will be invited to take over the industry.

• Saturday, May 8th 2010 - 01:23 UTC

  Falklands’ Rockhopper “High Quality Reservoir” Oil Find Boosts Shares

  

  Rockhopper Exploration (LON:RKH) oil discovery in the Falklands Islands is of “good” quality said on Friday a release from the company. The announcement had a positive impact on shares of all Falklands’ oil explorers.