Investments

• Monday, June 29th 2020 - 10:28 UTC

  Facebook advertising boycott campaign preparing to expand to major companies in Europe

  

  Organizers of a Facebook advertising boycott campaign that has drawn support from a rapidly expanding list of major companies are now preparing to take the battle global to increase pressure on the social media company to remove hate speech. The new chapter comes when PepsiCo had decided to stop advertising on Facebook Inc, according to Fox Business News.

• Saturday, June 27th 2020 - 08:11 UTC

  Latam rescheduling and scaling back domestic and international flights

  

  South American carrier LATAM has suspended ticket sales on 23 routes across its network, including several domestic routes within Chile and international routes from Brazil, Chile and Peru. At the same time, the Santiago-headquartered carrier has made the bold move to suspend international destinations from five Argentinean destinations to the carrier’s hubs in Santiago, Lima and Sao Paulo until 2021.

• Friday, June 26th 2020 - 10:52 UTC

  Huge 15 sq km locust swarm threatens Mercosur agriculture

  

  Argentina and Brazil are monitoring the movement of a 15-square-kilometer locust swarm in Argentina’s northeast, though authorities and specialists said so far it had not caused significant damage to crops in the South American countries.

• Thursday, June 25th 2020 - 12:03 UTC

  Uruguay raises US$ 2 billion in dual currency fresh funds

  

  Uruguay raised US$ 2 billion from a dual-currency debt deal on Wednesday, issuing UYU47.1 billion (US$ 1.12 billion) in new inflation-linked, 20-year notes and adding US$ 400 million to its 4.375% 2031 bonds, plus a rescheduling of US$ 500 million in 2027, 2028 and 2030 Indexed Units.

• Thursday, June 25th 2020 - 12:00 UTC

  Expropriation project of Argentine giant soymeal exporter is watered down

  

  Argentina is examining alternatives to the planned expropriation of financially ailing soymeal exporter Vicentin, including a possible private-public partnership, Production Minister Matias Kulfas and other sources revealed on Wednesday.

• Thursday, June 25th 2020 - 06:44 UTC

  Italy guarantees US$ 7 billion loan to Fiat Chrysler as it merges with France's PSA

  

  Italy's government said on Wednesday it would guarantee a 6.3-billion-euro (US$7.1 billion) loan to Fiat Chrysler, as the automaker struggles with the impact of the coronavirus pandemic.

• Wednesday, June 24th 2020 - 10:52 UTC

  Argentina's economy contracted 5,4% and unemployment reaches 10,4% in first quarter

  

  Argentina's economy contracted 5.4% in the first three months of 2020, the government statistics agency said on Tuesday, the worst quarter in a year as the major grains and oilseeds producer was sideswiped by the impact of the global coronavirus pandemic.

• Monday, June 22nd 2020 - 07:43 UTC

  London City Airport receives first commercial flight in three months

  

  London City Airport received its first commercial flight in nearly three months on Sunday as Britain moved another step closer to fully emerging from its coronavirus lockdown on Jul 4.

• Monday, June 22nd 2020 - 07:21 UTC

  Reliance Industries chairman makes it to the top ten richest people of the world

  

  Asia's richest man has entered a new league of wealth. The net worth of Mr. Mukesh Ambani, chairman of Reliance Industries Ltd, has jumped to US$64.5 billion, making him the only Asian tycoon in the exclusive club of the world's top 10 richest people, according to the Bloomberg Billionaires Index.

• Saturday, June 20th 2020 - 10:19 UTC

  Argentina extends deadline for bondholders to accept debt deal to July 24

  

  Argentina extended a deadline for bondholders to accept a debt restructuring proposal for the fifth time as creditors blamed the government for “walking away” from talks.