Investments

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.
Thursday, August 29th 2019 - 10:50 UTC
Argentina announces it will “re profile” IMF loan and sovereign bonds' maturities

Argentina will negotiate with holders of its sovereign bonds and the International Monetary Fund to extend the maturities of its debt obligations, as a way of ensuring the country's ability to pay, Treasury Minister Hernan Lacunza said on Wednesday.
Thursday, August 29th 2019 - 09:49 UTC
IMF held “productive talks” in Argentina and is analyzing the impact of the latest debt operation announced

The International Monetary Fund is analyzing the impact of a new debt plan announced by Argentina’s Treasury Ministry on Wednesday, an IMF spokesman said. IMF staff understands that Argentina has taken “important steps” to address liquidity needs and safeguard reserves, the statement by IMF spokesman Gerry Rice said.
Tuesday, August 27th 2019 - 20:55 UTC
Fernandez tells the mining industry that exports are “the only solution” for Argentina

Argentina's opposition candidate Alberto Fernandez told mining companies and governors from key mining provinces on Monday that exports were “the only solution” for Argentina, his coalition said.