Investments

Wednesday, August 5th 2020 - 08:50 UTC
Leading Brazilian private bank admits difficulties with loan default

Itaú Unibanco Holding SA’s Chief Executive Candido Bracher said on Tuesday that next year he sees Brazil’s 90-day default ratio reaching higher levels than in a previous crisis.
Tuesday, August 4th 2020 - 10:29 UTC
Major assets' management fund drops JBS shares based on the Brazilian company environment record

Nordea Asset Management has decided to exclude shares of JBS SA worth about 40 million Euros from all of its funds this month based on the company’s environmental record and response to the COVID-19 pandemic, according to a statement released on Tuesday.
Tuesday, August 4th 2020 - 08:45 UTC
Boris's launches Eat Out to Help Out program with diners at 50% discount

People across Britain enjoyed half-price meals on Monday as the government launched its Eat Out to Help Out scheme aimed at driving up business in the shattered hospitality industry after months of coronavirus lockdown.
Monday, August 3rd 2020 - 10:40 UTC
Milestone for Tesla and NASA's “space taxi contract”: US can now send and bring back its astronauts

The United States first crewed spaceship to fly to the International Space Station in nearly a decade returned safely to Earth on Sunday, splashing down in the Gulf of Mexico. The successful mission, carried out jointly by SpaceX and NASA, demonstrated that the United States has the capacity once more to send its astronauts to space and bring them back.
Friday, July 31st 2020 - 10:30 UTC
Latin America should focus on digital technologies, recommends IADB

Latin American should turn its infrastructure investment focus toward digital technologies and away from physical infrastructure to stimulate its economic recovery after the coronavirus pandemic, the Inter-American Development Bank (IADB) said on Thursday.
Friday, July 31st 2020 - 10:20 UTC
Lack of political stability in Guyana is delaying expected oil output

Guyana’s crude production has reached 100,000 b/d, 25% up on June, energy department director Mark Bynoe revealed even as the country continues to see an announcement on the 2 March, 2020 election results pushed further and further into the year.
Friday, July 31st 2020 - 09:43 UTC
Brazilian payments startup Ebanx expands operations to Uruguay

Payments startup Ebanx, one of Brazil’s latest fintech to achieve “unicorn” status, has expanded its operations to Uruguay, announced. Founded in 2012, Ebanx focuses mainly on processing local payments from clients of global websites like Alibaba Group Holdings’ AliExpress retail service, home-sharing site Airbnb, and music-streaming service Spotify Technology.
Wednesday, July 29th 2020 - 07:30 UTC
McDonald's focusing on affordability marketing and considering return of a one dollar combo promotion

The coronavirus pandemic took a bite out of McDonald's profits and the Big Mac maker said on Tuesday it plans to focus on affordability in upcoming marketing campaigns, as US consumer surveys reveal mounting recession fears. But while there is still a lot of uncertainty because of COVID-19, executives expect the second quarter to be the low mark for the year.
Monday, July 27th 2020 - 09:40 UTC
US invests more funds in the furious race to develop the anti Covid-19 vaccine

The United States has doubled its investment - to nearly US$1 billion - to expedite the development of a potential COVID-19 vaccine by American firm Moderna, which on Monday begins the decisive final phase of clinical trials.
Friday, July 24th 2020 - 08:42 UTC
An estimated 40,000 tourism related businesses permanently closed in Spain

Devastated by the loss of customers during the virus crisis, around 40,000 bars, hotels, and restaurants in Spain have permanently closed, the hotel and catering industry said. The figure amounts to 13% of such establishments in Spain, a country in which tourism plays a major role in the economy, and where the population tends to eat out very often, Spain's hostelry federation said.