"CNOOC acquires BP asset to boost presence in South America" from South China Morning Post

"CNOOC is to bolster its presence in South America by agreeing to pay US$3.53 billion for a 30 per cent stake in some assets that beleaguered oil major BP is selling to help pay for the damage caused by the oil spill in the Gulf of Mexico."

"Latin America braces for bubbles as funds flow in" from South China Morning Post

"Foreign capital flows last year and this year will likely be Latin America's highest for any tow-year period since 1993-94, the World Bank says.

That time around, the boom in foreign investment immediately preceded currency crises in Mexico and Argentina after inflows reversed.

"It feels like a bubble, it smells like a bubble and it probably is," RBS said in a report on emerging market inflows."