Investments

• Friday, January 31st 2020 - 10:26 UTC

  Debate triggers in EU as to how the €12-billion hole left by UK will be filled

  

  When Britain leaves the European Union at midnight on Friday (Jan 31) the bloc loses the second-biggest net contributor to its budget, leaving a €12-billion (US$13-billion) hole in its finances.

• Thursday, January 30th 2020 - 08:05 UTC

  BBC announces drastic cut in news division staff and new “story led” model

  

  The BBC said on Wednesday it will cut around 450 jobs from its news division as part of an £80 million (US$103 million) savings drive and modernization program. The corporation said it would reorganize its newsroom along a “story-led” model where staff will be assigned to stories and not attached to individual programs.

• Wednesday, January 29th 2020 - 08:58 UTC

  IMF and Argentina say they held very productive talks in a New York meeting

  

  IMF officials and Argentina's economy minister met in New York on Tuesday for what they called “productive” and “positive” talks as the South American nation looks for help from its main creditor to alleviate a challenging debt situation.

• Tuesday, January 28th 2020 - 08:15 UTC

  Reformist Brazil: government procurement contracts will be open to foreign companies

  

  Brazil’s government is changing the rules to give foreign companies an equal shot at winning government contracts, the Economy Ministry said on Monday. Economy Minister Paulo Guedes has pledged to fight corruption and open up one of the world’s most protected countries to foreign business and the overseas investment necessary to modernize Brazil’s crumbling infrastructure.

• Tuesday, January 28th 2020 - 08:09 UTC

  Brazil willing to discuss with OPEC, but not prepared to join the cartel

  

  Brazil has decided to stay out of OPEC for the time being as it seeks to expand its oil production, according to media reports quoting energy minister Bento Albuquerque. “The idea is just to increase our production and to participate more in the international oil and gas market,” Albuquerque said in an interview.

• Tuesday, January 28th 2020 - 07:43 UTC

  Boeing's purchase of Embraer clears Brazilian antitrust regulator hurdle

  

  Technical staff at Brazilian antitrust regulator Cade on Monday approved Boeing Co's purchase of Embraer SA's commercial aviation division without restrictions, according to a statement on the agency's website.

• Friday, January 24th 2020 - 08:42 UTC

  Brazil and India discuss reciprocal trade, poultry, sugar, ethanol

  

  Brazil wants India to cut its import taxes on chicken and chicken products, so it can cash in on India’s burgeoning demand for poultry and poultry products as incomes rise and food habits change.

• Friday, January 24th 2020 - 08:18 UTC

  Peru promises to protect Machu Picchu when building a new airport in the region

  

  Peru's government promised on Thursday to protect the Machu Picchu sanctuary and other Inca ruins when building a new airport to serve the ancient civilization's capital of Cusco. Machu Picchu and the Inca road system are UNESCO World Heritage sites, and the UN agency has previously expressed concerns over the proposed airport at Chinchero, less than 60 kilometers from the Inca sanctuary that was built in the 15th century.

• Thursday, January 23rd 2020 - 19:30 UTC

  Falklands' oil company lays out plans for production: 85.000 bpd at peak output

  

  At peak oil production from the Falkland Islands offshore Sea Lion oil field, Premier Oil is hoping for 85,000 barrels of oil per day. Over 20 years they anticipate 255 million barrels of oil in a medium-case scenario.

• Thursday, January 23rd 2020 - 12:08 UTC

  Buenos Aires province bond mired in controversy over honoring repayment

  

  Argentine sovereign and provincial bonds dipped on Wednesday as the provincial government in Buenos Aires was forced to extend a deadline for creditors to agree or reject a plan to delay a US$ 250 million bond repayment originally due on Jan. 26.