Investments

• Wednesday, October 16th 2019 - 07:27 UTC

  Brazil eyes a US$1.45 billion payday as big oil flocks to pre-salt

  

  Brazil expects to pocket some US$ 1.45 billion from the sixth round of oil and gas block licensing for the pre-salt zone offshore. Reuters reports, citing the special secretary to the Economy Ministry, Waldery Rodriguez, that the total minimum sum of signing bonuses for all the blocks that will be tendered on November 7th is US$ 1.9 billion.

• Monday, October 14th 2019 - 16:49 UTC

  Falklands oil industry warned by the Argentine government

  

  The recent announcements by Rockhopper PLC and Premier Oil referred to the development of the Sea Lion project in the Falkland Islands, have triggered a reaction from the Argentine foreign ministry.

• Saturday, October 12th 2019 - 10:10 UTC

  Several airlines extend cancellations of Boeing 737 MAX flights until January

  

  United Airlines Holdings Inc said on Friday it is extending cancellations of Boeing 737 MAX flights until Jan. 6, as regulators continue to extensively review proposed software changes to the grounded plane.

• Saturday, October 12th 2019 - 09:36 UTC

  American Airlines and Gol negotiating a partnership to counter Delta/Latam deal

  

  American Airlines Group Inc and Brazil's Gol Linhas Aereas Inteligentes SA are negotiating a “partnership” that could “integrate flights between the two airlines in Latin America,” a newspaper reported on Friday.

• Friday, October 11th 2019 - 09:46 UTC

  Brazilian plane maker to furlough 15.000 workers ahead of Boeing's takeover

  

  Brazilian planemaker Embraer SA will furlough almost 15,000 workers in January, a metalworkers union said on Thursday, ahead of a partial takeover by Boeing Co as part of a deal that still needs regulatory approval.

• Friday, October 11th 2019 - 09:45 UTC

  Falklands plans housing development on the site of a British camp from WWII

  

  The Falkland Islands population is growing and equally significant future development prospects are encouraging, thus the need for more housing particularly in the capital Stanley. Working on this the Planning and Building Committee has approved a new residential housing development, ‘Phase 6 Sapper Hill’, to be allocated on Bennett’s Paddock, near where Ross Road West meets Moody Brook Road.

• Thursday, October 10th 2019 - 09:47 UTC

  Hays Travel to the rescue of Thomas Cook: it is to acquire 555 stores

  

  In a move that could save up to 2,500 jobs, Hays Travel announced on Wednesday that it is to acquire 555 Thomas Cook stores from the Official Receiver. The acquisition, for an undisclosed sum, is a significant step for Hays, which has 190 shops, 1,900 staff, and last year had sales of £379m, reporting profits of £10m.

• Thursday, October 10th 2019 - 08:46 UTC

  Brazil will reopen its Antarctica base Comandante Ferraz next January

  

  The Brazilian Navy will inaugurate its new 4,500 m² Comandante Ferraz Antarctic Station (EACF) in January 2020, the head of the Navy Programs Management Directorate (DGePM), Vice Admiral Petronio Augusto Siqueira de Aguiar, said earlier this month.

• Wednesday, October 9th 2019 - 10:16 UTC

  Delta Air Lines competing strongly for the South American market

  

  A surprise US$1.9 billion investment by Delta Air Lines in LATAM Airlines Group is likely to fire up competition in South America as the weakest U.S. carrier in the region joins up with the strongest homegrown player.

• Wednesday, October 9th 2019 - 09:30 UTC

  Levi Strauss suffers reduced sales in its main market, the Americas

  

  Levi Strauss & Co reported a 4% drop in third-quarter profit on Tuesday, as the denim apparel maker struggled to grow its wholesale business in the Americas, where it generates most of its revenue. Reduced shipments to off-price stores and the impact of delayed acquisition of a South American distributor drove net revenue down about 3% in the region, the first fall since the 165-year-old company went public in March.