Investments

• Friday, February 14th 2020 - 20:46 UTC

  Cristina Fernández/IMF controversy over the Fund's responsibility in Argentina' flight of capital

  

  Argentine vice-president Cristina Fernandez de Kirchner insisted in her criticism of the IMF for the alleged violation of its statutes by awarding the previous Argentine administration of president Mauricio Macri a disproportionate credit, despite the fact the Fund rejected the accusation and ratified that no debt shaving is possible under its rules.

• Friday, February 14th 2020 - 08:06 UTC

  Ascension Island airport to reopen to wide-body traffic by 2022

  

  The runway at Georgetown Wideawake Airport on Ascencion Island will be repaired by 2022 allowing AirTanker-operated A 330-200 flights to return, Fluor, the company which won the contract, said in a statement.

• Friday, February 14th 2020 - 07:23 UTC

  Falkland Islands announces partner to develop new port

  

  The Falkland Islands Government (FIG) announced on Thursday it has selected a development partner to design and build a new port in Stanley Harbour. After an extensive global procurement process, FIG is pleased to announce that it has agreed to BAM Nuttall Ltd as its development partner, subject to successful conclusion of contract. The aim is for the contract to be agreed and signed by the end of March 2020.

• Wednesday, February 12th 2020 - 08:41 UTC

  Brazilian and Indonesia billionaires clash over the sale of a US$ 3.5bn pulp mill

  

  The business dispute between the disgraced billionaire Batista brothers in Brazil and the heir to an Indonesian pulp and paper fortune is throwing a wrench in meatpacker JBS SA’s plans to list its international operations in the United States.

• Wednesday, February 12th 2020 - 08:40 UTC

  Chinese company confident it will start its US$ 2,1 billion iron ore project in Brazil

  

  Chinese mining company Sul Americana de Metais (SAM), a unit of China’s Honbridge Holdings, is confident it will receive the necessary permits to start up its US$ 2.1 billion iron ore project in Minas Gerais, its chief executive said.

• Tuesday, February 11th 2020 - 08:10 UTC

  Major companies pull out of world business fairs because of coronavirus risks

  

  Sony and Amazon are the latest major companies to pull out of one of the world's largest tech shows because of risks posed by coronavirus. Sony said it would no longer take part in Mobile World Congress in Barcelona after “monitoring the evolving situation” after the coronavirus outbreak.

• Monday, February 10th 2020 - 08:03 UTC

  Chinese group takes control of major lithium project in Argentina

  

  China’s Ganfeng Lithium Co said it will take control of an Argentina lithium project it has been developing with Lithium Americas Corp, cementing its control over a key source of the white metal for electric vehicle batteries.

• Friday, February 7th 2020 - 09:51 UTC

  “Falklands much closer to Brazil after the second flight”, UK ambassador

  

  The British ambassador to Brazil, Vijay Rangarajan, this week said the second flight will bring the Falkland Islands closer to Brazil, describing it as a potential engine to help drive links between the two countries.

• Wednesday, February 5th 2020 - 09:43 UTC

  Argentina's Economy minister holds “very constructive” talks with IMF chief

  

  Argentina’s Economy Minister Martin Guzman met the head of the International Monetary Fund Kristalina Georgieva for two-and-a-half hours on Tuesday to discuss the country’s economic emergency, the ministry said.

• Wednesday, February 5th 2020 - 08:34 UTC

  World Bank will revise global growth forecast because of coronavirus impact in China

  

  The World Bank will revise its global growth forecast downwards due to the new coronavirus, the president of the multilateral lender said on Tuesday amid fears the epidemic in China will harm global supply chains.