Investments

• Tuesday, November 6th 2018 - 14:30 UTC

  Alpargatas closes Chaco factory, lays off all workers, sells facilities

  

  The clothing firm Alpargatas shut down its factory in the Argentine province of Chaco, it was reported Monday. The company made it clear it was not a temporary measure by laying off the entire staff and placing the facilities on sale. Further closures and subsequent dismissals nationwide look imminent.

• Tuesday, November 6th 2018 - 10:22 UTC

  Chilean operators to seek Supreme Court ruling on Latam / American Airlines “cartel” agreement

  

  The Chilean Association of Tourism Companies (ACHET) Monday announced it will take the question of the agreement of Latam Airlines with American Airlines and International Airlines Groups (IAG), which was approved last Wednesday by the Court of Defense of Free Competition (TDLC), to the Supreme Court, the Diario Financiero newspaper reported.

• Monday, November 5th 2018 - 08:28 UTC

  Macri and PM May scheduled to hold a bilateral meeting at the end of the month

  

  British Prime Minister Theresa May and Argentine president Mauricio Macri are scheduled to hold a bilateral meeting in the framework of the coming G20 summit to be held in Buenos Aires at the end of the month.

• Tuesday, October 30th 2018 - 08:45 UTC

  YPF plans US$ 4bn annual investment in oil and gas production

  

  Argentina's state-controlled oil company, YPF, will significantly boost oil and gas production, investing between US$4 and US$ 5 billion per year through 2022, Chief Executive Daniel Gonzalez said. The plan is to raise production by between 5and 7% per year, with the largest increase in the Vaca Muerta formation, one of the world's largest reserves of shale oil and gas.

• Wednesday, October 24th 2018 - 21:55 UTC

  Argentina eyes reopening Norpatagónico railroad to boost Vaca Muerta

  

  Argentina will seek 780 million US dollars to recover the Norpatagónico freight railroad to link the Vaca Muerta hydrocarbon facilities to the port of Bahía Blanca, in the province of Buenos Aires, through Neuquén, La Pampa and RioNegro, President Mauricio Macri's administration announced Wednesday.

• Wednesday, October 24th 2018 - 12:50 UTC

  Mapuche demands freeze Chinese wind energy project for Bariloche

  

  A Chinese renewable energy investment in Patagonia was halted after no agreement could be reached with the small mapuche community living where the wind turbines were going to be installed.

• Monday, October 22nd 2018 - 08:00 UTC

  Qatar will contract cruise vessels with 20.000 rooms to host 2022 World Cup fans

  

  Qatar could accommodate thousands more football fans on cruise ships during the 2022 World Cup than previously estimated, leading organizers in the emirate have revealed. An official with the country's largest hotel owner, Katara Hospitality, confirmed on Sunday that up to 20,000 rooms on ships would be made available to supporters in four years' time.

• Wednesday, October 17th 2018 - 17:56 UTC

  Uruguay's wind energy revolution highlighted in leading yearly report

  

  Uruguay ranks second in the world among eolic-energy producing countries with a 40.1% share and is the only non-European nation in a top position, according to a report by the SEG Ingeniería consultancy firm.

• Wednesday, October 17th 2018 - 08:34 UTC

  Ireland is getting Brexit-ready and has earmarked funds in next year's budget

  

  Ireland is stepping up preparations for physical infrastructure at ports and airports after Brexit, premier Leo Varadkar said. Irish ministers held detailed discussions in Dublin on Tuesday surrounding the hiring of customs officers and veterinary inspectors as well as the upgrading of IT systems.

• Monday, October 15th 2018 - 08:24 UTC

  Preparing Antarctica's Rothera to accommodate the RSS Sir David Attenborough

  

  An international team of builders is preparing to ship an entire kit of parts from the UK to create a new wharf in the Antarctic. The work is part of the £100m upgrade of the Rothera research station to accommodate its new vessel, the RSS Sir David Attenborough. Almost 4,000 tons of equipment and materials will be shipped 11,000km next month.