Investments

• 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.

• Saturday, July 4th 2020 - 07:32 UTC

  Brazil's Embraer union files lawsuit against the company's board over the collapsed deal with Boeing

  

  A union representing workers at planemaker Embraer filed a lawsuit on Friday seeking to dismiss the company's board, after a US$4.2 billion deal with Boeing Co collapsed amid the pandemic, leaving the Brazilian jet-maker scrambling for a new path forward.

• Friday, July 3rd 2020 - 08:11 UTC

  Encouraging industrial production pick up in Brazil during May

  

  Industrial production in Brazil rose 7% in May, official figures showed on Thursday, the second-biggest monthly increase ever as activity started to pick up following two months of stricter lockdowns to curb the spread of the novel coronavirus.

• Thursday, July 2nd 2020 - 08:45 UTC

  Facebook 'hate speech' boycott: 400 brands stop advertising; civil rights groups insist in meeting Zuckerberg

  

  Advertisements for more than 400 brands including Coca-Cola and Starbucks are due to vanish from Facebook as of Thursday, after the failure of last-ditch talks to stop a boycott over hate speech on the site.

• Thursday, July 2nd 2020 - 08:12 UTC

  Brazil's WhatsApp payment messaging service lifts antitrust ruling, but still faces central bank objections

  

  Brazilian antitrust watchdog Cade on Tuesday said it was revoking its previous decision suspending Facebook Inc’s recently launched WhatsApp payments messaging service in partnership with card processor Cielo SA.

• Thursday, July 2nd 2020 - 08:07 UTC

  Integration bridge connecting Paraguay with Brazil in under construction

  

  Construction work is being carried out for the Puente de la Integracion bridge connecting Paraguay with Brazil. The bridge spans the Parana River and connects Presidente Franco in Paraguay with Foz de Iguazu in Brazil.