Investments

Tuesday, June 18th 2019 - 09:45 UTC
Brazil's largest private company, Odebrecht, files for bankruptcy; US$ 20bn in debts

Scandal-ridden Brazil construction giant Odebrecht, which has admitted to spending nearly US$ 800 million to bribe officials across Latin America to win contracts, filed for bankruptcy protection on Monday, judicial sources said.
Tuesday, June 18th 2019 - 06:36 UTC
French telecoms billionaire Drahi, buys Sotheby's at US$ 3.7 billion

Sotheby's is being bought by telecoms billionaire Patrick Drahi in a deal valuing the auction house at US$ 3.7bn. The company, which has been on the New York stock market for 31 years, will return to private ownership after a troubled period.
Monday, June 17th 2019 - 09:55 UTC
Massive blackout hits Mercosur; Argentina and Uruguay in the dark for six hours; major investigation promised

A massive blackout left tens of millions of people without electricity in Argentina, Uruguay, Paraguay and parts of Chile and southern Brazil on Sunday. The Argentine president called it an “unprecedented” failure in the countries' interconnected power grid.
Saturday, June 15th 2019 - 08:20 UTC
Brazil clashes with Indonesia over the blocking of poultry exports

The Brazilian government has formally asked the World Trade Organization (WTO) to open a panel to investigate Indonesian policies on Brazil's poultry exports, the Agriculture Ministry said on Friday.
Saturday, June 15th 2019 - 08:02 UTC
Iran dismisses as “baseless” US accusations of twin attacks on two tankers in the Strait of Hormuz

Iran dismissed as “baseless” on Friday US accusations it executed twin attacks that left two tankers ablaze in the Gulf of Oman, raising fears of conflict in the strategically vital waterway.
Wednesday, June 12th 2019 - 09:20 UTC
Three foreign airlines interested in operating in the Brazilian domestic market

Three more foreign airlines are in talks with the Brazilian government to start domestic flight operations in the country, Brazil’s infrastructure minister Tarcisio Gomes de Freitas told reporters.
Tuesday, June 11th 2019 - 19:56 UTC
Madrid ignores Trump's warnings: Huawei 5G service network for Spanish cities

Chinese telecoms giant Huawei is set to roll out its 5G service in several Spanish cities on Saturday, making it one of the first European countries with the ultrafast mobile phone network.
Monday, June 10th 2019 - 08:56 UTC
Brazilian manufactured cargo plane undergoing certification tests in United States

The Brazilian Air Force visited the Yuma Proving Ground (YPG) in the US a month ago to run a series of low-altitude cargo extraction tests as part of a certification process for their new cargo plane.
Monday, June 10th 2019 - 08:50 UTC
Finally Barcelona City extends permit to finish Gaudi's Sagrada Familia Cathedral

Construction of Barcelona's Sagrada Familia basilica may have started 137 years ago, but the emblematic monument got a building permit only last Friday. The Spanish seaside city council awarded the license to a committee in charge of finishing construction of the Catholic church for €4.6 million (S$7.1 million), Ms Janet Sanz, in charge of urban planning, told reporters.
Saturday, June 8th 2019 - 07:49 UTC
Brazilian military do not exclude having 5G mobile Huawei technology

Brazilian Vice President Hamilton Mourao on Friday told journalists that the government will not exclude Chinese telecom company Huawei Technologies Co from operating a fifth-generation (5G) mobile telecoms network in Latin America's largest economy.