Economy

• Saturday, December 23rd 2017 - 10:11 UTC

  Petrobras 2018/22 business plan foresees US$ 74.5bn investments

  

  Petrobras' business and management plan for 2018 through 2022, approved by the Brazilian state-owned oil company's board of directors, foresees investments of US$ 74.5 billion, slightly higher than the US$ 74.1 billion projected in the previous 2017-2021 program.

• Saturday, December 23rd 2017 - 09:58 UTC

  Petrobras corruption: Offshore corporation agrees to pay US$ 422 million in fines

  

  Keppel Corporation's offshore and marine unit has reached a global resolution with criminal authorities in the United States, Brazil and Singapore in relation to corrupt payments made by a former agent in Brazil. The resolution, involving three jurisdictions across the world, is unprecedented for a Singapore company.

• Saturday, December 23rd 2017 - 09:40 UTC

  Boeing's interest in Embraer conditioned by the Brazilian government

  

  United States manufacturer Boeing Co sought to calm Brazilian concern about a potential tie-up with Embraer SA after President Michel Temer and other officials warned they would veto any full takeover bid for the regional jet maker.

• Saturday, December 23rd 2017 - 09:35 UTC

  Chile calls for closer links between Mercosur and the Pacific Alliance

  

  Chilean Foreign Affairs Minister Heraldo Munoz called for closer ties between Latin America's two leading trade blocs. Mercosur and the Pacific Alliance should work more closely together, Munoz told the 51st Mercosur and associate members summit held this week in Brasilia.

• Friday, December 22nd 2017 - 23:09 UTC

  Venezuela's shortage of cash means big business for some

  

  In view of the hyperinflation in their country, Venezuelans have developed “creative” forms of business.

• Friday, December 22nd 2017 - 10:43 UTC

  Falklands' Concordia Bay ferry resumes operations

  

  The Falkland Islands Government (FIG) confirmed on Thursday that Concordia Bay ferry operations will resume from midday on Friday 22 December.

• Friday, December 22nd 2017 - 09:56 UTC

  Argentina: Approval of reform bills triggers markets

  

  Merval, the main index of the Buenos Aires Stock Exchange, rose 1.51% Thursday, closing at 28,494.01 points - close to exceeding the maximum of the year, by 28,500 points. The Argentine stocks were driven by the approval of the pension and tax reforms passed this week in the House of Representatives.

• Thursday, December 21st 2017 - 11:26 UTC

  Egypt attends Mercosur summit in Brasilia

  

  Egypt is attending the ministerial meeting of the Mercosur bloc in Brasilia to deliver a message about the importance of joining the group, Minister of Industry and Foreign Trade Tarek Kabil said in a statement.

• Thursday, December 21st 2017 - 11:12 UTC

  EU stands firmly on its beef offer to Mercosur: 70.000 tons

  

  The European Union's offer on beef in Mercosur trade negotiations has not been revised according to the EU Agriculture Commissioner Phil Hogan, who said a deal may happen in February. Speaking to journalists in Brussels on Wednesday, EU Agriculture Commissioner Phil Hogan said that the EU's offer on beef access for Mercosur countries has not been revised since December 5.

• Wednesday, December 20th 2017 - 10:22 UTC

  CMA-CGM take over Mercosul Line from Maersk Line

  

  The transfer of ownership of Mercosul Line from Maersk Line to CMA CGM. (Maritime Freighting Company-General Maritime Company), was completed on Friday. Mercosul is a leading player in Brazil's domestic container shipping market, with a fleet of four container vessels and around 290 people employed.