Investments

• Thursday, February 20th 2020 - 18:10 UTC

  IMF: Argentine debt is not sustainable, a meaningful contribution from private creditors is required

  

  An IMF team, led by Julie Kozack Deputy Director of the Western Hemisphere Department and Luis Cubeddu Mission chief for Argentina, visited Buenos Aires from February 12 to 19, 2020 to discuss the recent macroeconomic developments and learn more about the Argentine authorities’ economic plans and policies. At the conclusion of the staff visit, Ms Kozack and Mr Cubeddu issued the following statement:

• Thursday, February 20th 2020 - 08:06 UTC

  Jaguar Land Rover running out of Chinese parts for UK factories: some parts flown in suitcases

  

  Jaguar Land Rover has flown in parts in suitcases as the effects of coronavirus take a toll on the carmaker's supply chain. It said it could start to run out of Chinese parts for its UK factories after two weeks.

• Wednesday, February 19th 2020 - 06:39 UTC

  South Georgia readying the wharf to support “Sir David Attenborough”

  

  The island of South Georgia is preparing to support the new British Polar Research Vessel, “Sir David Attenborough” with the construction of a new wharf at King Edward Point, reports the latest editions of the South Georgia Newsletter.

• Tuesday, February 18th 2020 - 06:38 UTC

  Falklands' port development partner is also modernizing BAS Rothera station and a new wharf for RRS Sir David Attenborough

  

  BAM Nuttall Ltd, which has been selected by the Falkland Islands Government, FIG, as the development partner to design and build a new port in Stanley Harbour is no adventurer in the South Atlantic and is closely linked to the UK efforts and investments in Antarctica. In effect, BAM Nuttall is involved in the building of the British Antarctic Survey's largest facility at Rothera Research station.

• Friday, February 14th 2020 - 21:08 UTC

  Fernandez insists Argentina needs more time to honor its debt with IMF

  

  Argentine president Alberto Fernandez said that the country “needs more time” to honor its debt with the IMF and underlined he would like “a commitment of the Fund with Argentina”. He also welcomed what he described as a “common sense dialogue with the IMF mission” currently in Buenos Aires for a review of the country's finances and economic prospects.

• 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.