Investments

• Wednesday, June 10th 2020 - 22:01 UTC

  Airline industry losses forecasted to top US$84 billion in 2020, estimates IATA

  

  Passenger revenues are expected to fall to US$241 billion (down from US$ 612 billion in 2019). This is greater than the fall in demand, reflecting an expected 18% fall in passenger yields as airlines try to encourage people to fly again through price stimulation. Load factors are expected to average 62.7% for 2020, some 20 percentage points below the record high of 82.5% achieved in 2019.

• Wednesday, June 10th 2020 - 08:41 UTC

  Falklands will continue to invest in improving quality of life and prosperity of its people

  

  The Falkland Islands remain confident of the British government's support and defense of their sovereignty and self-determination right, and is working closely with London to ensure the Falklands interests are contemplated in the Brexit negotiations.

• Tuesday, June 9th 2020 - 07:40 UTC

  Argentina's Vicentin soy giant claims government never informed it of taking over the group

  

  Late Monday the Vicentin soy crushing giant group, which Argentine president Alberto Fernandez had previously announced it would take over to ensure jobs and food sovereignty, made public a release denying any job losses and revealing it was in talks with interested parties to overcome the current under administration situation.

• Tuesday, June 9th 2020 - 07:19 UTC

  World Bank loans Mexico one billion dollars to cope with coronavirus effects

  

  Mexico has taken out a one billion US dollars loan from the World Bank as the effects of the coronavirus begin to squeeze the economy, a business newspaper reported on Sunday.

• Friday, June 5th 2020 - 08:29 UTC

  Foreign investment returns to Brazil in May, first since July 2019

  

  Brazil posted a net foreign exchange inflow of US$ 3.1 billion in May, central bank figures showed on Wednesday, its first net inflow since July last year.

• Friday, June 5th 2020 - 08:09 UTC

  British car sales remained in May at 90% their level a year ago

  

  British car sales edged up in May after falling to their lowest since 1946 in April but still remained almost 90% below their level a year earlier as coronavirus restrictions limited sales.

• Friday, June 5th 2020 - 08:03 UTC

  Trump orders tighter accounting practices of China based companies listed in US markets

  

  U.S. Secretary of State Mike Pompeo on Thursday warned American investors against fraudulent accounting practices at China-based companies and said the Nasdaq’s recent decision to tighten listing rules for such players should be “a model” for all other exchanges around the world.

• Thursday, June 4th 2020 - 07:47 UTC

  Qatar Airways pledge of support sends Latam Airlines stock soaring

  

  Latam Airlines registered a significant rise Tuesday and Wednesday on the Santiago Stock Exchange, rising 37.63% and 16%, which is attributed to the support that its partner Qatar Airways, who owns 10% of the Chilean airline, disclosed.

• Wednesday, June 3rd 2020 - 08:05 UTC

  WHO's Americas branch PAHO calls on US to keep countries in the region combat the pandemic

  

  The World Health Organization's (WHO's) regional director for the Americas urged the United States on Tuesday to keep helping countries in the region to fight the novel coronavirus even as the Trump administration leaves the UN agency.

• Tuesday, June 2nd 2020 - 08:51 UTC

  Boeing confirms elimination of 12,000 US jobs, and more in “coming months”

  

  Boeing confirmed it was eliminating more than 12,000 US jobs, including 6,770 involuntary layoffs, as the largest US planemaker restructures in the face of the coronavirus pandemic. Boeing also disclosed it plans “several thousand remaining layoffs” in the coming months but did not say where those would take place.