Investments

• Thursday, May 28th 2020 - 08:39 UTC

  Chile, once the darling of foreign investors, struggling with coronavirus, inequality and poor public services

  

  Chile's government is struggling to control a coronavirus outbreak that could revive mass social unrest as its hospital system comes under increasing pressure. With a population of 18 million, Chile is reporting new Covid-19 cases at a pace comparable to that of Spain at the peak of the virus' spread in March, on a per capita basis, and resources are close to maxed out in Latin America's wealthiest economy.

• Thursday, May 28th 2020 - 08:07 UTC

  American Airlines plan to reduce management and support staff by 30%

  

  American Airlines Group Inc must reduce its management and support staff by about 30% and may have to cut frontline employees as it downsizes due to the coronavirus outbreak, showed a letter to employees made public on Wednesday.

• Wednesday, May 27th 2020 - 08:19 UTC

  LATAM Airlines files for bankruptcy in US; Brazil and Argentina subsidiaries out of the request

  

  LATAM Airlines Group, the continent's largest carrier, filed for U.S. bankruptcy protection, Chapter 11, on Tuesday, becoming the world's largest carrier so far to seek an emergency reorganization due to the coronavirus pandemic. The filing includes Latam Peru, Chile, Ecuador, and Colombia, but leaves out Latam Brazil, Argentina and Paraguay.

• Wednesday, May 27th 2020 - 08:08 UTC

  Mexican auto industry picks up with approved safety measures

  

  Mexico's auto industry reopening picked up the pace on Tuesday, with Fiat, Chrysler, and BMW AG joining peers in gradually dusting off operations even as the wait for approvals slowed the return of Ford Motor Co and other companies.

• Saturday, May 23rd 2020 - 09:36 UTC

  US airlines can temporarily halt service to 75 airports, because of coronavirus

  

  The U.S. Transportation Department said late on Friday it had granted tentative approval to 15 airlines to temporarily halt service to 75 U.S. airports because of the coronavirus pandemic.

• Friday, May 22nd 2020 - 07:25 UTC

  China plans to increase 6,6% defense spending in fiscal year

  

  China's defense spending this year will rise 6.6% from 2019, according to a report issued at the opening of the country's annual meeting of parliament on Friday, a slower rate than last year.

• Friday, May 22nd 2020 - 07:20 UTC

  Brazil's Fiat-Chrysler automaker back to work, but under strict measures

  

  Before going to work these days, employees at the Brazilian unit of Fiat Chrysler Automobiles have to get a health check using a mobile app every morning.

• Thursday, May 21st 2020 - 08:55 UTC

  Argentina and creditors find a path to reach an understanding and avoid default

  

  Argentina’s Economy Minister Martin Guzman has hinted that make-or-break talks with international creditors are likely to continue beyond the looming May 22 deadline. It has tentatively elevated hopes that the crisis-prone country will be able to avoid its ninth sovereign debt default.

• Tuesday, May 19th 2020 - 14:33 UTC

  Tim Atkin's report on the remarkable transformation of Argentine wines

  

  The latest annual report, which is available through his website timatkin.com, is the eighth of his annual reports from Argentina. Atkin said: “I first went to Argentina in 1992 and the transformation has been remarkable. I can’t think of another country, even South Africa that has changed so much in my wine writing lifetime.

• Tuesday, May 19th 2020 - 08:50 UTC

  Falklands' lab can undertake on-Islands Covid-19 testing; no need to send swabs to UK

  

  The Falkland Islands government on Monday reported that the latest test results received by the Stanley hospital KEMH are all negative for Covid-19.