Investments

• Friday, August 28th 2020 - 08:24 UTC

  Rockhopper Exploration sells Ireland's United Oil stake for €3.4m

  

  Rockhopper Exploration has sold its 18.3% stake in Ireland-based United Oil & Gas for US$ 4m (€3.4m). The deal announced tonight concludes United’s reverse takeover earlier this year of Rockhopper’s Egyptian subsidiary and its operations in the Abu Sennan oil field for US$ 15.5m (€13m).

• Thursday, August 27th 2020 - 09:25 UTC

  Falklands new port: advance team of construction company arrives in Stanley

  

  An advance team from BAM Nuttall Ltd that will design and build a new port in the Falkland Islands arrived this week in Stanley and is complying with their 14-day quarantine, ahead of their extensive stakeholder engagement program, which is scheduled to begin in the first two weeks of next month.

• Thursday, August 27th 2020 - 09:23 UTC

  Falklands' company expects its state of the art trawler F/V Falcon ready for the Loligo February 2021 season

  

  F/V Falcon, the latest trawler from the Falkland Islands Fortuna fishing company was launched on Wednesday at the Nodosa Shipyard in Vigo, Spain. The vessel will now undergo further completion works, leading to sea trials later in the year, and ready to join the Falklands' fleet for the first Loligo season, commencing February 2021.

• Tuesday, August 25th 2020 - 08:33 UTC

  Argentina planning to a training aircraft, “Malvina” for the Air Force

  

  Argentina Defense minister announced that the country will design and build a dual training purpose aircraft to be named IA-100 “Malvina” and will demand an initial investment of US$ 2,5 million.

• Tuesday, August 25th 2020 - 08:20 UTC

  Germany floats 11 billion Euros in “green bonds” to fund environmental projects

  

  Germany on Monday announced details of its first “green” bond placing, tapping financial markets to fund environmental projects for the first time. The finance ministry said it would raise up to 11 billion Euros in 2020 to support climate-related projects.

• Saturday, August 22nd 2020 - 08:31 UTC

  Brazilian anti corruption probe nets two of South America's richest brothers

  

  Two of South America's wealthiest brothers, the Bolivian-born airline magnates German and Jose Efromovich, were arrested this week in Brazil as part of the country's sweeping anti-corruption probe, “Operation Car Wash.”

• Saturday, August 22nd 2020 - 08:30 UTC

  Can the cruise industry really recover from coronavirus?

  

  By Liz Sharples and Kokho Jason Sit (*) – On Sunday the first major cruise ship to take to the Mediterranean in almost five months sailed out of the Italian city of Genoa. Passengers on the MSC Grandiosa were tested for coronavirus before stepping on board. The ship – which has brought in an array of strict measures to limit the spread of the virus – will stop at three Italian ports and the Maltese capital Valletta in a seven-day voyage. But will these measures be enough to help the sector survive the pandemic? A lot is riding on the success of this Italian cruise.

• Friday, August 21st 2020 - 08:55 UTC

  Colombia claims Venezuela is working to acquire missiles from Iran

  

  Colombia's President Ivan Duque claimed on Thursday that the government of President Nicolas Maduro in neighboring Venezuela was working to acquire missiles from its ally Iran.

• Thursday, August 20th 2020 - 08:38 UTC

  In two years Apple doubled its value to US$ 2 trillion, becoming world's most costly listed company

  

  Just two years after Apple became the first publicly listed US company with a US$1 trillion stock market value, the iPhone maker has now topped US$2 trillion. The Cupertino, California-based company's shares briefly rose to as high as US$468.65 on Wednesday, equivalent to a market capitalization of US$2.004 trillion.

• Wednesday, August 19th 2020 - 09:54 UTC

  Latam lost US$ 890 million in the second quarter and has laid off 30% of its pre-pandemic workforce

  

  LATAM Airlines, South America's largest carrier, on Tuesday said it had laid off 12,600 employees since March - or almost 30% of its pre-coronavirus workforce - due to the pandemic that has upended the global travel industry. The company also reported a net loss of US$ 890 million for the second quarter.