South/Central America

Eurus Energy buys wind farm in Uruguay

The Minas wind farm in southeastern Uruguay was purchased by Eurus Energy, a jointly owned company by Tokyo Electric and Toyota Tsuhu.


Vale to sell control of VLI unit to Japanese, Canadian and Brazilian investors

On Wednesday, Vale SA said it had planned to sell control of VLI SA to Brookfield Asset Management Inc, Mitsui Co and FGTS valued BRL4 billion.

ONGC to raise stake in Brazilian oil field- sources

Sources said the Oil & Natural Gas Corp (ONGC) would be buying a 12% stake in the Brazilian oil field owned by Petroleo Brasileiro (Petrobras).

Julius Baer Brazil plans offices outside Sao Paulo, Rio de Janeiro

The Brazilian unit of Julius Baer Group would be opening offices outside the main centers of Sao Paulo and Rio de Janeiro.


Latest News

Brazil President Dilma Rousseff on Monday was demanding an explanation to reports of hacking by US National Security Agency (NSA) into Brazilian companies's computer networks, and also into her email messages and phone calls.
A Reuters analysis report revealed that Brazil could fail its primary surplus target for 2014 which could downgrade its credit rating.
OGX Petroleo, Eike Batista's flagship company, may seek more financial assistance from bondholders to avoid seeking bankruptcy protection.
Petrobras, in a campaign to raise funds for its pre-salt mine exploration, had sold some of its stakes and pipelines in Colombia.
Azul CEO David Neeleman would be pushing through with an IPO after it cancelled its scheduled IPO last August because of unfavorable market conditions.
ThyssenKrupp AG is reconsidering the sale of its Steel Americas unit, selling off only its US operations.
According to Bechtel EAME President David Welch, the growing business in the Gulf region required the opening of a new office.
The deal where America Movil bids for KPN Foundation is unclear. KPN, the Dutch telecommunications company, is in discussion with America Movil of Mexico as to Movil's EUR7.
CTPartners signs a letter of intent to buy Taylor Executive Consultancy Latam. Global executive headhunter CTPartners announced that it would be acquiring Mexican executive search company Taylor Executive Consultancy Latam S.
KPN's negotiations with America Movil regarding the EUR7.2 billion or USD9.58 million bid remained to be over.
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