Investments

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.
Tuesday, October 8th 2019 - 09:09 UTC
Weaker demand and Argentine situation hit hard Brazilian auto industry

Brazil’s auto industry trade group Anfavea has slashed its forecast for 2019 vehicle production growth to a modest 2.1% from 9% previously, it said on Monday. Anfavea had big plans this year for Brazil’s auto industry, which has been slowly recovering from a significant slump.
Monday, October 7th 2019 - 09:47 UTC
Amazon planning a regional data center in Argentina; congress passes bill to attract digital services and nanotechnology

Amazon.com Inc.’s cloud division plans to build a regional data center in a free-trade zone in Argentina, according to Buenos Aires media reports. The Seattle-based company is preparing to invest about US$ 800 million in the project over 10 years and will reap considerable tax benefits by locating the data center in the Bahia Blanca-Coronel Rosales districts of the province of Buenos Aires.
Monday, October 7th 2019 - 09:26 UTC
Cruise industry overhauling vessels to appeal to a younger crowd

Tucked away in the south-west of Singapore, at Sembcorp Marine’s Tuas shipyard, Royal Caribbean’s 15-deck Voyager of the Seas cruise ship is getting a US$97 million facelift.