Investments

Thursday, May 19th 2022 - 09:35 UTC
China building a new port and industrial hub in Peru, US$ 3bn investment, 55kms north of Lima

Global chain transport challenges, the war in Ukraine, and following two years of lockouts caused by the Covid 19 pandemic have caused many disruptions to normal trade and China has thus embarked in a major project building a new port along the Peruvian coast to help boost trade along the Pacific rim.
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Monday, May 16th 2022 - 01:07 UTC
Brazilian road show in New York to attract US$ 40bn investors in transport infrastructure

The current Brazilian government expects to have contracts worth R$ 200 billion (US$ 40billion) with the private sector investing in transport infrastructure by end of 2022. To achieve this end, the Ministry of Infrastructure works to encourage more international financing in the concession project portfolio, as highlighted by Minister Marcelo Sampaio during his roadshow this week in New York.
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Monday, May 16th 2022 - 01:02 UTC
China's Sinovac Biotech building vaccine plant in Chile investing US$ 100 million

Chinese pharmaceutical Sinovac Biotech Ltd which makes one of the vaccines against Covid 19 most in several Latin American countries initiated on Thursday the construction of its first fill and finish plant in Chile, consolidating its presence in the Latin American country that has used its Covid-19 shot the most.
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Friday, May 13th 2022 - 19:54 UTC
Musk puts Twitter buy-over on hold over fudgy financial statements

Billionaire Elon Musk Friday announced he was having second thoughts about buying over Twitter, prompting the social network's shares to plunge 20% in early trading.
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Thursday, May 12th 2022 - 10:04 UTC
FIMA Funded Falklands 40th Photo Exhibition Moves to Chatham's Historic Dockyard Museum

Last year, FIMA, (Friends of the Falkland Islands' Museum and the Jane Cameron National Archives), agreed to fund the restoration and printing of 40 photographs taken by a Falklands photographer during and in the aftermath of the 1982 war for the Falklands Museum.
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Thursday, May 12th 2022 - 09:58 UTC
Argentine entrepreneurs buy over Montevideo daily

A group of investors of mostly Argentine origin has bought over Montevideo's renowned daily El Observador. Although the deal was reportedly closed May 5, it was not officially announced until Wednesday, May 11.
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Wednesday, May 11th 2022 - 20:32 UTC
Avianca, GOL agree on strategic partnership

A historic agreement has been reached between Colombian airline Avianca and Brazil's GOL whereby both companies will function under the same holding, thus increasing their mutual presence throughout Latin America, it was announced Wednesday.
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Tuesday, May 10th 2022 - 09:54 UTC
LATAM restructuring plan to be tested 17 May in New York; junior creditors dissent

LATAM Airlines, which filed for bankruptcy in the United States in 2020 after being hit by the coronavirus-related travel downturn, said around 65% of its low-ranking creditors had backed the restructuring plan, which it said was “fair and considered all stakeholders.”
Tuesday, May 10th 2022 - 09:47 UTC
UK defense contracts worth more than £2bn awarded for Dreadnaught nuclear submarines program

United Kingdom Defense contracts worth more than £2bn have been awarded to BAE Systems and Rolls-Royce to begin the third major phase of the future submarine nuclear deterrent program, Dreadnought. With the overall program supporting around 30,000 jobs across the UK, from design through to build, Delivery Phase 3 (DP3) represents the most significant stage of the Dreadnought program so far.
Friday, May 6th 2022 - 09:49 UTC
Despite record profits, Maersk warns of stagflation and Chinese factory closures

Møller-Maersk has warned of growing economic risks including potential stagflation and Chinese factory closures even as the world’s largest container shipping group by profits reported a record quarter.