Investments

Saturday, September 7th 2019 - 09:10 UTC
Ivanka Trump in Paraguay commits funds for women empowerment

Ivanka Trump met with Paraguayan President Mario Abdo Benítez and female artisans on Friday as part of her tour of South America, announcing the commitment of an additional US$ 500 million for a fund to help women entrepreneurs in the region.
Friday, September 6th 2019 - 09:53 UTC
Major oil companies billions in investments incompatible with Paris climate accord, claims energy think-tank

Major oil companies have approved US$50 billion of projects since last year that will not be economically viable if governments implement the Paris Agreement on climate change, think-tank Carbon Tracker said in a report published on Friday.
Friday, September 6th 2019 - 08:56 UTC
During Ivanka Trump's visit to Argentina, US announces US$ 400 million investment

The United States has approved a US$400 million highway investment in Argentina as President Donald Trump's eldest daughter Ivanka Trump visits the country on a wider tour of the region.
Thursday, September 5th 2019 - 20:26 UTC
Falklands farmers in Uruguay

A FALKLANDS delegation is currently visiting farms in Uruguay. Penguin News asked the group if they would provide an insight into their experience so far.
Wednesday, September 4th 2019 - 09:58 UTC
Signs of budding of financial stability in Argentina: Peso stronger and country risk falls

Argentina's peso surged on Tuesday, pumped up by Wall Street traders cheering President Mauricio Macri's capital controls that are aimed at protecting the beleaguered currency. The peso closed 5.39% higher at 55.98 per U.S. dollar, traders said, its strongest level in a week after a near-record low close on Friday.
Wednesday, September 4th 2019 - 09:17 UTC
Restructuring Ford's Sao Paulo truck plant means sacking 1.300 workers and lowering salaries of the remaining

Brazilian automaker CAOA reached an initial agreement to buy Ford Motor Co's plant in Sao Bernardo do Campo, the companies said on Tuesday, but CAOA could slash 1,300 jobs, according to the union representing the plant's workers.
Wednesday, September 4th 2019 - 07:31 UTC
Singer Ariana Grande suing Forever 21 for US$ 10 million

Popular singer Ariana Grande has sued Forever 21 for US$10 million, accusing the fashion retailer and a beauty company started by its billionaire founders' daughters of piggybacking off her fame and influence to sell their wares.
Tuesday, September 3rd 2019 - 09:58 UTC
Falklands/Sao Paulo weekly air link with stopover at Cordoba, officially authorized by Argentina: Decree 602/2019

The Argentine government made official the authorization for a second weekly flight between the South American continent and the Falklands Islands, this time to Sao Paulo, Brazil with a stopover once a month, on both ways in the city of Cordoba. This means all is ready for the inauguration.
Saturday, August 31st 2019 - 17:57 UTC
Brazil planning to privatize public TV and radio network

Brazil will add public TV and radio network Empresa Brasil de Comunicação to government-owned companies to be privatized, two sources with knowledge of the matter said on Thursday.
Friday, August 30th 2019 - 09:55 UTC
No end to uncertainty: Argentine bonds plunge and the country risk soared to 2.276 points

Argentine bond prices fell on Thursday and the country risk soared to levels not seen since 2005 after the government announced plans to extend maturities on an estimated US$ 100bn in debt, raising fear of a full-blown financial crisis.