Brazilian state controlled energy giantPetrobras has announced plans to invest US$1bn in it’s Peruvian operations from 2010-2013.
According to a report from Peruvian news agency Andina report, Petrobras’ CEO José Sergio Gabrielli said investment will be focused on exploration & production activities in blocks which the Brazilian oil major already operates in Peru.
Petrobras’ five-year strategic plan foresees investments outside [...]
December 14, 2009 | Posted in
Energy |
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Brazil’s economy grew at an annualised rate of eight percent in the third quarter and the result for the final three months of the year will be roughly equivalent, according to Finance Minister Guido Mantega.
After growing 1.9% in the second quarter, real gross domestic product growth in the third quarter relative to [...]
December 13, 2009 | Posted in
Economy |
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I’ll bite. Uruguay’s beef and energy sectors are steps ahead.
While it may not fit everyone’s definition of an emerging market, Uruguay sounds like a dynamic place. The country’s Investment Promotion Agency and other investment officials recently presented a program in New York highlighting the country’s investment potential, which I attended via a nearly flawless live [...]
November 7, 2009 | Posted in
Economy |
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Over the last two years, a slew of financial and economic crises have caused many U.S. investors to re-examine traditional asset allocation strategies that put the vast majority of their assets into U.S.-listed securities.
As these investors have looked to move beyond their borders, Brazil has been one of the most popular destinations, identified as [...]
November 7, 2009 | Posted in
Banking & Finance |
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Some great news for investors who can only buy domestic based products: After the successful launch of Van Eck Global Brazil Small Cap earlier this year, a similar product is now slated for India.
I am very excited about this, as one of my pet peeves has been the lack of mid-sized or [...]
November 5, 2009 | Posted in
Banking & Finance |
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Much has been made of Brazil’s offshore hydrocarbon deposits particularly in the Tupi oil & gas reserves which have been touted by state owned energy firm Petrobras as containing up to 5-8 billion barrels of recoverable oil.
Tupi,which is located in the pre-salt region, is estimated to contain between 5 billion & 8 billion [...]
October 28, 2009 | Posted in
Energy |
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Chinese interest in acquiring “strategic assets” continues unabated, with recent acquisitions & investments in a number of companies in Australia & South America.
As we saw in last weeks bullish approach regarding Nigerian oil, China is looking a little further afield & it’s all seeing eye has settled upon Africa. The latest country [...]
October 13, 2009 | Posted in
Energy |
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Brazilian banks have been on a tear this year, with both Itau-Unibanco & Banco de Bradesca returning more than 100% year to date. As the “B” in BRIC, Brazil is thought to be coming out of it’s recession.
With The Economist stating that the country could see a return to 4%-5% [...]
September 1, 2009 | Posted in
Banking & Finance |
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Perennial favourite emerging markets energy favourite Petrobras, has announced that in March of this year, it surpassed February’s output record by 52,00 bpd.
Last month, the Brazilian oil giant produced a record 1.99 million bpd from its domestic holdings. The increase has been attributed to a number of new wells in the [...]
April 27, 2009 | Posted in
Energy |
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Swiss power & automation specialist ABB is moving from strength to strength with the recent announcement of a €550m contract which integrates with a green power project in Ireland.
Irish system operator Eirgrid, has ordered a transmission system using HVDC Light (high-voltage direct current), an ABB technology with environmental benefits that include neutral [...]
March 31, 2009 | Posted in
Market News |
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