Investments

Saturday, January 5th 2019 - 08:59 UTC
New Brazilian administration prepared to open concentrated banking to foreign competition

The fast pace of Brazilian president Jair Bolsonaro continued on Friday, with current central bank Governor Ilan Goldfajn telling newspaper Valor Economico that the new administration is likely to empower the central bank to approve the entrance of new foreign lenders into Brazil.
Friday, January 4th 2019 - 06:55 UTC
Falklands to consider options to enlarge international airport terminal

Options for the extension of the Falkland Islands' Mount Pleasant airport passenger terminal will be considered by the local elected authorities in the coming weeks. According to Penguin News, quoting lawmaker MLA Barry Elsby, options will be put before the Executive Council early in the new year.
Thursday, January 3rd 2019 - 09:00 UTC
Paraguayan group buys 124 YPF gasoline stations in 17 Argentine provinces

The Paraguay group Delta Patagonia has signed an agreement with Argentina's managed oil company YPF for the acquisition of 124 gas stations in 17 provinces. The service stations will now operate under the brand Gulf Combustibles.
Thursday, January 3rd 2019 - 07:49 UTC
Falklands' fleet will have a new trawler freezer by the end of 2020

Galicia's Rampesca and the Falkland Islands RBC have ordered a new 63.7 meters long and 1.500 gross tonnage freezer trawler from Nodosa Shipyard, according to shipbuilding sources in Vigo. The new vessel is expected to replace the “Castelao”, and construction will begin this January. It will replicate much of the recently delivered “Monteferro”.
Thursday, January 3rd 2019 - 07:29 UTC
Bolsonaro effect on Brazilian markets and currency

A record high for Brazil shares and a more than 2% gain in the Real, spurred by positive policy moves by the country's new government, helped Latin American markets make a strong start to the New Year and buck gloom in global markets on Wednesday.
Friday, December 28th 2018 - 08:27 UTC
French operator purchases majority stake in Gatwick Airport, UK’s second busiest

A majority stake in Gatwick Airport is to be sold to French operator Vinci Airports for £2.9bn. Vinci Airports, part of infrastructure group Vinci, will buy 50.01% of the UK's second-busiest airport. The other 49.99% will be managed by current owners Global Infrastructure Partners (GIP).
Thursday, December 27th 2018 - 14:28 UTC
Chile's development comes paired with that of blighted areas

Despute being one the most stable economies in the region, shanty town developments are also on the rise in Chile. Immigration and other factors have contributed to the downside of prosperity.
Thursday, December 27th 2018 - 09:20 UTC
Brazil opens 100% ownership of Brazilian airlines to foreign investors

Outgoing President Michel Temer issued an executive order that allows foreign groups to own 100% of a Brazilian airline. Previously, non-Brazilians were limited to 20% of shares. The decision occurs in the midst of a bankruptcy proceeding filed by Avianca Brasil.
Wednesday, December 19th 2018 - 08:46 UTC
Falklands promotes private investment in house building development

The Falkland Islands Government announced on Tuesday that terms have been agreed, subject to contract and planning, for the sale of a 15.2 acre site to Argos Developments Ltd. with the purpose of encouraging private investment in house building.
Saturday, December 15th 2018 - 08:49 UTC
Apple pledges to build a “Silicon Valley” in Texas: US$ 1bn investment

Apple has announced plans to build a new campus in Austin, Texas, saying the project will involve a one-billion-dollar investment. The company already has an existing base in the city. The iPhone-maker said it expected the latest move would eventually make it in the state's capital biggest private employer.