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MercoPress, en Español

Montevideo, March 3rd 2025 - 00:47 UTC

Investments

  • Thursday, February 27th 2025 - 20:37 UTC

    Bolivia launches industrialized iron complex

    The steel from El Mutún could boost Iranian and Russian developments in the country

    Bolivian President Luis Arce inaugurated the El Mutún complex, the South American country's first industrialized iron facility, which can boost other infrastructure developments, particularly those sponsored by Russia and Iran.

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  • Wednesday, February 26th 2025 - 10:11 UTC

    US backs modernization of Guatemalan Pacific port to counterbalance China's expansion

    The Guatemalan alternative also offers the nearby Quetzal Duty-Free Zone just four kilometers from the port

    Guatemala and the United States have announced a US$ 125 million initiative to expand Puerto Quetzal, the largest Pacific port in the Central American country, in a move to counterbalance China's presence in the region through its current prevalence in the Panama Canal in addition to the projected Nicaragua interoceanic crossing already under construction.

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  • Tuesday, February 25th 2025 - 10:03 UTC

    Argentine gov't steps in as Telefónica's buy-over results in possible monopoly

    The acquisition leaves around 70% of the communications business in the hands of one group, the Libertarian Government warned

    The Argentine Administration of President Javier Milei announced Monday that the buy-over of Telefónica de Argentine by Telecom has been handed over to the National Communications Board (Ente Nacional de Comunicaciones - ENACOM) and the National Competition Defense Commission (Commission Comisión Nacional de Defensa de la Competencia - CNCD) to determine if the move constitutes a monopoly.

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  • Monday, February 24th 2025 - 08:25 UTC

    Falklands: Mount Pleasant Airport runway repairs completed ahead of schedule

    Resurfacing works on the runway at Mount Pleasant Complex complete ahead of schedule. MOD Crown Copyright.

    A £20 million project to resurface part of the airfield at Falklands Islands Mount Pleasant Complex has been completed ahead of schedule. Mount Pleasant Complex is the RAF’s airfield in the Falkland Islands and is an important overseas base for the Ministry of Defense (MOD) which is run by UK Strategic Command. It is a vital air link between the Falkland Islands and the UK

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  • Friday, February 14th 2025 - 10:28 UTC

    Details about Port of Asunción's future disclosed

    Construction is expected to start in two weeks with an opening scheduled for November this year

    Nuevo Mundo Entertainment SA Director Santiago Sosa explained Thursday the details of the redevelopment works undertaken at the Paraguayan capital's historic port. In an interview with an Asunción broadcaster, he explained that the project stemming from an agreement with the Government signed early last year will include the recovery and modernization of the facility's four sheds, converting them into a multifunctional space with commercial premises, open-air stages, and a large-capacity events center.

  • 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.

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