Investments

Wednesday, February 5th 2020 - 06:49 UTC
US shale fields starting to plateau; investors looking to Guyana offshore fields

Shale pioneer John Hess said on Tuesday that key U.S. shale fields are starting to plateau, calling shale “important but not the next Saudi Arabia.”
Tuesday, February 4th 2020 - 07:17 UTC
Argentina receives first OPV of four purchased from France

On Wednesday the latest incorporation to the Argentine navy will be docking in Buenos Aires, the OPV ARA Bouchard. The Ocean Patrol Vessel is the first of four to be delivered by the Naval Group shipyard, purchased from France by Argentina, and which left Toulon two weeks ago.
Tuesday, February 4th 2020 - 07:12 UTC
LATAM leaves OneWorld and with Delta partnership has access to Skyteam

LATAM Airlines will leave the OneWorld alliance on May 1, 2020. The decision, announced on Friday, moves the airline’s departure from the alliance up by five months.
Tuesday, February 4th 2020 - 06:46 UTC
Brazil investing heavily in tourism industry; visa waiver for main outbound markets

The number of Americans booking flights to Brazil has jumped 39% since the government of President Jair Bolsonaro waived a visa requirement for U.S. citizens in June, according to its official tourism agency, which is devising plans to draw more.
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.