Investments

Friday, April 12th 2019 - 09:49 UTC
IMF: “foolish” for Argentine presidential candidates to abandon the program

Argentina’s economic reform program is beginning to show results, so it would “foolish” for presidential candidates to abandon the program, International Monetary Fund chief Christine Lagarde said Thursday.
Thursday, April 11th 2019 - 15:58 UTC
Uruguay: ANTEL, Nokia Complete First 5G Commercial Network in Latin America

As 5G rollout continues to accelerate, three more announcements have been made, beginning with the news that Nokia and ANTEL, the Uruguayan state-owned operator, have successfully completed the installation of the first 5G commercial network in Latin America.
Thursday, April 11th 2019 - 09:03 UTC
Brazilians are back!! Miami real agents celebrate

Miami real estate agents have one reason to be happy: Brazilian buyers are back as a dominant buyer pool in South Florida, amid an increase in foreign investment. Political turmoil in Brazil and a strong dollar have kept buyers away from South Florida in recent years – until now.
Thursday, April 11th 2019 - 08:41 UTC
Brazil planning on a second satellite for military and civil communications

The Brazilian government is planning to purchase a second satellite for military and civil communications. Brazilian Air Force Executive Vice President Maj. Gen. José Vagner Vital, said the nation’s military wants to have a backup for the Geostationary Defense and Strategic Communications Satellite, SGDC-1.
Thursday, April 11th 2019 - 06:54 UTC
Petrobras to receive US$ 9.058bn following agreement with the government

The Brazilian government reached a landmark deal to pay state-controlled oil company Petrobras SA US$9.058 billion for revising a transfer-of-rights oil contract, Energy Minister Bento Albuquerque said.
Thursday, April 11th 2019 - 06:45 UTC
US/China closer to a deal: they agree to establish “enforcement officers”

The United States and China have largely agreed on a mechanism to police any trade agreement they reach, including establishing new “enforcement offices,” U.S. Treasury Secretary Steven Mnuchin said on Wednesday.
Wednesday, April 10th 2019 - 09:31 UTC
Brazil's scientists furious with budget cuts limiting research and “expelling the brightest from the country”

Brazil’s government has triggered fierce criticism from scientists after announcing plans to tackle economic stagnation by implementing a government-wide budget freeze that could see research funding cut by up to 42%.
Tuesday, April 9th 2019 - 06:02 UTC
Baroness Fairhead visits Argentina and Brazil to bolster trade and investment relations

Minister of State for Trade and Export Promotion Baroness Fairhead, is travelling to Brazil after visiting Argentina this week to meet with key Brazilian and Argentine businesses and government ministers to discuss the UK’s commitment to trade and investment in both countries and the wider Latin American and Caribbean (LATAC) region.
Saturday, April 6th 2019 - 09:02 UTC
French/Canadian consortium takes Petrobras major gas pipeline in north Brazil

A consortium led by France's Engie SA submitted the highest offer for a major gas pipeline unit owned by Petrobras, the state-run oil firm said on Friday, as the company's biggest divestment draws to a close.
Saturday, April 6th 2019 - 08:31 UTC
Boeing to drastically cut production of the 737; no lifting of grounding order expected soon

Boeing said on Friday it plans to cut its monthly 737 aircraft production by nearly 20% in the wake of two deadly crashes, signaling it does not expect aviation authorities to allow the plane back in the air anytime soon.