Investments

• 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.

• Monday, May 18th 2020 - 06:52 UTC

  Virus makes UK super-rich US$ 65 billion poorer and alters Super Rich List 2020

  

  Britain's wealthiest people have lost tens of billions of pounds in the coronavirus pandemic as their combined annual wealth fell for the first time in a decade, the Sunday Times reported in its Rich List 2020.

• Thursday, May 14th 2020 - 08:50 UTC

  Premier Oil suspends Falklands' Sea Lion project; Navitas remains interested in farm out project

  

  UK-based oil and gas operator Premier Oil has said it has suspended the Sea Lion-1 oil project offshore the Falkland Islands. The company said the US$1.8 billion offshore oil project would be suspended to minimize ongoing spend in light of the current market conditions.

• Thursday, May 14th 2020 - 07:36 UTC

  Brazil's Gol Airlines recovers US$ 412 million compensation from Boeing

  

  Brazil airline Gol Linhas Aereas Inteligentes said on Wednesday it will receive a total of 2.4 billion reais (US$412.03 million) from Boeing Co as compensation for the grounding of the 737 MAX plane, which has not flown in over a year.

• Tuesday, May 12th 2020 - 09:00 UTC

  Argentina extends debt negotiations deadline to “increase participation” and “better alternatives”

  

  Argentina will extend negotiations over a US$ 65bn debt restructuring proposal until May 22, the government said in the official gazette on Monday. The extension sets the stage for tense last-ditch talks as Argentina races to avoid default.

• Tuesday, May 12th 2020 - 08:40 UTC

  Colombia's national airline, Avianca, has filed for bankruptcy protection in a US court.

  

  Avianca is the second-largest carrier in Latin America, but its passenger operations have been grounded since March because of coronavirus. It said the pandemic had cut more than 80% of its income, and it was struggling with high fixed costs.