Investments

• Monday, July 13th 2020 - 09:55 UTC

  Latam Brazil joins other parts of the group and enters Chapter 11 protection

  

  Latam Airlines Brazil has joined other parts of the airline group in entering Chapter 11 bankruptcy protection as it took a further step to securing required financing to complete its restructuring.

• Monday, July 13th 2020 - 08:48 UTC

  OECD Investment Committee report helps Uruguay with its full membership incorporation

  

  The Organization for Economic Cooperation and Development Investments Committee has decided to support Uruguay's incorporation as full member of that committee. The decision follows a review by the Committee of Uruguayan investment policies.

• Monday, July 13th 2020 - 08:39 UTC

  Copper prices hit their highest in two years, over a Chilean miners' strike

  

  Shanghai copper hit its highest in nearly 25 months on Monday, while London copper scaled a 24-month high, on supply worries from top producer Chile due to a potential strike at a mine.

• Saturday, July 11th 2020 - 08:22 UTC

  Wall Street will be looking into asset manager BlackRock earnings next week

  

  Investors will watch next week's earnings from BlackRock, the world's largest asset manager, for a snapshot of how the industry performed during the second quarter's dramatic rebound in global financial markets.

• Friday, July 10th 2020 - 09:42 UTC

  Galician shipyard launches new trawler for the Falklands' fisheries

  

  The Galician Nodosa shipyard launched this week a trawler-freezer, “Montelourido” which according to the Vigo media was ordered by Rampesca and their Falklands' partners RBC.

• Friday, July 10th 2020 - 07:56 UTC

  Copper recovering strongly, and at its highest levels since January

  

  Copper raced to its highest levels since January this week as speculators piled into the market, betting on further disruptions in top producer Chile and firm demand from the biggest consumer China.

• Thursday, July 9th 2020 - 10:45 UTC

  Progress in Chapter 11 tranche financing for LATAM Airlines

  

  LATAM Airlines Group S.A. (‘LATAM’) today presented the second tranche financing proposal to the Court of the Southern District of New York, as part of the Chapter 11 process. Tranche A amounts to US$1.3 billion that was committed by Oaktree Capital Management L.P. and its affiliates. This proposal must be reviewed and approved by the court in the coming days.

• Thursday, July 9th 2020 - 07:28 UTC

  Royal Caribbean and Norwegian team up to work on a “Healthy Sail Panel”

  

  The ongoing pandemic has compelled cruise companies to forget rivalries and come together to counter the scenario, according to Yahoo Finance. Case in point, Royal Caribbean Cruises Ltd. RCL and Norwegian Cruise Line Holdings Ltd. NCLH have teamed up to develop safety standards.

• Wednesday, July 8th 2020 - 06:47 UTC

  Mexican auto industry started to recover in June but still is far from 2019 figures

  

  Mexico’s auto production and exports picked up steam in June from a month earlier but were down sharply versus a year earlier, official data showed on Tuesday, as carmakers reopened plants from their coronavirus-induced shutdown.

• Tuesday, July 7th 2020 - 09:35 UTC

  Brazil automakers expect sales to reach pre coronavirus levels in 2025

  

  Brazil’s automakers association said on Monday it only expects auto sales to recover to pre-coronavirus levels in 2025, discarding the possibility of a V-shaped recovery and taking on a grim view for the industry.