The Inter-American Development Bank and the Inter-American Investment Corporation wrapped up the annual meeting of their Boards of Governors after reaching an agreement to replenish the Multilateral Investment Fund (MIF), the IDB Group’s innovation lab.
FIH Group PLC said on Monday it still views a potential takeover approach from Dolphin Fund Ltd as unwelcome and recommends an existing bid from Staunton Holdings Ltd.
The Falkland Islands has approved the commencement of work that will lead to the delivery of new port facilities to support economic growth into the next decade. According to a release from the Falklands elected government, the new work will build on the substantial previous studies completed in 2012 and 2014, which investigated the viability of various sites, and resources are expected to be allocated during the 2017/18 budget process.
United States Transportation Secretary Elaine Chao said the Trump administration would unveil a US$1 trillion infrastructure plan later this year, but she did not offer details of funding for projects.
Argentine Finance minister Nicolas Dujovne said on Tuesday that the economy's recovery at the start of the year was based on investment and not in consumption. It is a heterogeneous recovery, with performance in different sectors: government social expenditure was up 70% but manufacturing was down 80%, mainly because of the Brazilian recession, and domestic contraction, admitted the minister.
Prime Minister Theresa May on Tuesday signed the historic letter that will launch Brexit when it is delivered to Brussels on Wednesday, a photo released by her office showed. Sitting in front of a lone Union Jack national flag and a portrait of Britain’s first prime minister, Robert Walpole, a serene-looking May signed the letter to begin the country’s departure from the European Union.
Brazil's planned auction of the rights to expand and operate the North-South railway between Tocantins and Sao Paulo states has drawn the interest of major operators from countries including Russia, China and Spain, a government official said.
Argentina's Tecpetrol, part of the Techint Group, said on Thursday it would invest US$2.3 billion in the Vaca Muerta shale fields through 2019, the largest announcement in the formation in years. Tecpetrol said in a statement the investment was made possibly due to measures from President Mauricio Macri's government, including a deal with labor unions earlier this year and a definition of price supports this month.
The much publicized and controversial bid from an Argentine group to acquire a leading position in the Falkland Islands Holdings, which owns the Falkland Islands Company, closely linked to the Islands' history and economy, has been considered “a real hazard” by FIH directors.
Finance minister Nicolas Dujovne will be heading this week the largest Argentine business delegation to visit the UK in twenty years, jointly organized by the Argentine-British Chamber of Commerce with support from the Argentine foreign ministry and the embassy in London.