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MercoPress, en Español

Montevideo, July 1st 2025 - 01:59 UTC

Investments

  • Wednesday, February 12th 2025 - 09:48 UTC

    Bolivia's lithium company says deal with Chinese partners is risk-free

    The Chinese company has three years to start collecting top-quality lithium or leave Bolivia with no compensation after investing over US$ 1 billion

    Yacimientos de Litio Bolivianos (YLB) Legal Manager Pablo Nina warned Tuesday that the Chinese company Hong Kong CBC has three years to extract a mineral with 99.5% purity and 80% recovery in the raw material processing or face the dismantling of its two battery-grade lithium carbonate production plants in the Uyuni salt flat and leave the country.

  • Tuesday, February 11th 2025 - 09:25 UTC

    Uruguayan industry might face encores of Yazaki case

    There is no developed country without a robust industry, García pointed out

    After the departure from the country earlier this month of Japanese autopart maker Yazaki, Uruguay's Chamber of Industries (CIU) President Leonardo García warned that the South American country's situation might encourage other foreign companies to follow suit.

  • Friday, February 7th 2025 - 06:38 UTC

    Falkland Islands Government response to Starlink email notification

    It is understood by FIG that Starlink may be enforcing its own policy on roaming packages that have remained fixed in place for 60 days or more, part of the terms and conditions of use.

    The Falkland Islands Government (FIG) is aware that Starlink this week issued a notification to some of its users, indicating their intent to disable services due to the Falkland Islands not being an authorized territory.

  • Wednesday, February 5th 2025 - 05:31 UTC

    Falklands, summary findings from salmon-farming scoping exercise

    FIG ran a scoping exercise from 04 November to 01 December 2024, to establish what additional information and evidence the public and stakeholder groups want to see

    The Falkland Islands Government (FIG) is in the process of considering the potential for the future development of large-scale, commercial salmon-farming activities in Falkland Islands waters. An in-depth public consultation on a set of development proposals, including a proposal that large-scale salmon-farming is not permitted, is planned for mid-2025.

  • Wednesday, February 5th 2025 - 05:20 UTC

    FIG’s £400m Portfolio: HSBC Private Banking UK takes over management

    FIG Financial Secretary Pat Clunie said: “The services provided to FIG will ensure a high quality of service and will be cost effective.

    The management of the Falkland Islands Government’s (FIG) investment fund portfolio of £400m has been awarded to HSBC Private Banking UK (HSBC) after a competitive process. FIG reviews its investment management on a periodic basis and last year decided to undertake a formal tender.

  • Friday, January 31st 2025 - 09:47 UTC

    Autopart makers Yazaki leaving Uruguay

    Union-sanctioned production stoppages affected the company's reliability to customers, it was explained

    Japanese autopart makers Yazaki announced the closure of its two plants in Uruguay citing rising costs, leaving thousands jobless, it was reported in Montevideo. Some 1,200 workers have been affected by the measure. The plants in Las Piedras and Colonia, which had been operating since 2007, represented 300 and 900 jobs respectively. Yazaki's presence in the region will be shifting to Argentina and Paraguay.

  • Friday, January 31st 2025 - 09:24 UTC

    Swiss minister tells Peña her country interested in dealing with Mercosur

    Switzerland “has many companies that are interested in investing worldwide,” Budlinger explained

    Switzerland's Secretary of State for Economic Affairs Helen Budlinger told Paraguayan President Santiago Peña that her country was interested in expanding businesses with Asunción and with all of the Southern Common Market (Mercosur). She made those remarks Thursday as she welcomed Peña to the non-European Union nation which thus covets a separate Free Trade Agreement (FTA).

  • Wednesday, January 29th 2025 - 09:32 UTC

    New Uruguayan airline launched

    The company should be operational in the last quarter of 2025. SUA will be operating Canadian-built Airbus A220-300 aircraft

    The company to pick up the baton from Pluna as Uruguay's flag airline was launched Tuesday during a press conference at Montevideo's Carrasco International Airport. SUA (Sociedad Uruguaya de Aviación) intends to position the air terminal as a regional logistics hub by reducing flight times and costs to destinations in Mercosur and Chile, it was explained.

  • Tuesday, January 28th 2025 - 09:39 UTC

    Brazil launches Sustainability Pact for ports and airports

    Costa Filho also spoke about the potential merger between Gol and Azul

    Brazil's Federal Ministry of Ports and Airports launched an unprecedented sustainability policy for these facilities as well as for waterways in a move to encourage sustainable practices, promote transparency, and strengthen social inclusion.

  • Saturday, January 25th 2025 - 09:21 UTC

    New Uruguayan airline to make key announcements next week

    SUA CEO Antonio Rama has already tried founding U-Air in the early 2000s, arguably one of the first budget carriers in the region

    The company willing to pick up Pluna's legacy as Uruguay's flag carrier will be making a series of announcements next week at Montevideo's Carrasco International Airport, just one year after revealing its plans. SUA (Sociedad Uruguaya de Aviación) is to start operations through a wet lease of airBaltic Airbus A220 aircraft, thus becoming the first airline in Latin America and the Caribbean to choose the Canadian-built narrow-body twin jet.