Investments
InvestmentsGold soars to new record; up 7% in the last week, 29% in 2010
The price of gold has hit another record high as investors worry about inflation and Europe's budget troubles. Tuesday morning it was trading at $1,421 an ounce.
Paraguay could have the world’s largest titanium reserve
The US explorer who discovered the world’s biggest copper deposit in Chile has staked a claim in Paraguay to what he says may be the largest titanium find, according to a report from Bloomberg.
New rush of foreign investors, mainly Argentines, to purchase land in Uruguay
Interest in fixed assets, strong commodities’ prices and growing prospects that global demand for food producing land will continue have generated a new rush of foreign investors to buy land in Uruguay.
Iran “partner” in the industrialization of Bolivia’s lithium reserves
Bolivian President Evo Morales announced this week that Iran will “partner” in the development and manufacturing of the country’s lithium reserves, an association which had also shown interest from industry groups and governments of other countries.
Gold demand forecasted to continue rising as developed economies stall
The gold market continued to be supported by concerns over the health of the global economy and its ability to show a sustained recovery, especially in developed nations, according to the latest edition of Gold Investment Digest published today by the World Gold Council (WGC).
Argentine shares and bonds reacted positively to death of Kirchner
Argentine shares and bonds rose on Wednesday after the death of political heavyweight and former President Nestor Kirchner removed from the 2011 election campaign a contender seen as unfriendly to markets.
LAN profits soar and plans to invest 7.7 billion USD to double its fleet
LAN Airlines which this week reported a doubling of third-quarter profit plans to invest 7.72 billion US dollars through 2018 to more than double its fleet as Latin American passenger and cargo traffic recovers.
Falklands’ Desire shares soar amid speculation of bid approach
Shares in Falkland Islands exploration company Desire Petroleum (DES.L) more than doubled on Wednesday following internet bulletin board speculation of a bid approach for the Falklands focused explorer and an oil find, traders said.
LAN Airlines completes acquisition of second largest operator in Colombia
Chile’s flag carrier, LAN Airlines announced Wednesday an agreement to acquire 98.942% of the outstanding shares of Colombian airline AIRES, through the purchase of its parent entities.
Russia Gazprom joins France’s Total in Bolivian gas joint venture
Russian energy company Gazprom has plans to take a 20% stake in natural gas projects in Bolivia, the gas monopoly said. Gazprom said it could take the stake under the terms of a September deal with French energy company Total for the Ipati and Aquio gas blocks in Bolivia.
