Investments

Saturday, March 23rd 2019 - 08:45 UTC
Italy establishing closer links with China, plans to sign Silk Road project

Chinese President Xi Jinping arrived in Rome at the start of a whistle stop European tour amid growing Western unease over the economic giant's new Silk Road project. Prime Minister Giuseppe Conte is to sign a memorandum of understanding with Mr. Xi on Saturday for Italy to join the US$1 trillion Belt and Road Initiative, the first G7 member to do so.
Thursday, March 21st 2019 - 09:52 UTC
GM announces US$ 2.5bn investment in Brazilian car industry

General Motors Co said it would invest US$ 2.7 billion in two Brazilian factories over the next five years, sparing them from a shakeup of the automaker’s operations, a decision hailed by the governor of Brazil’s largest state.
Wednesday, March 20th 2019 - 21:55 UTC
Falklands launches procurement process and issues tender for a new port facility

The Falkland Islands Executive Council on Wednesday approved a formal procurement process to issue an Invitation to Tender (ITT) to the global construction market to select and appoint a preferred development partner for the design, construction and potentially the operation of a new port facility. The tender will also invite bidders to submit funding options.
Tuesday, March 19th 2019 - 08:30 UTC
Danish Royals visit Argentina with a delegation to promete business and trade

Denmark's Queen Margrethe II and Crown Prince Frederik are spearheading an official state visit to Argentina which started this Monday ahead of a larger business delegation which seeks to make inroads in the country.
Tuesday, March 19th 2019 - 08:28 UTC
Maracaná stadium returns to the government of Rio do Janeiro; private contract cancelled

Rio de Janeiro state says it is taking over the running of Brazil's Maracanã stadium, canceling the contract of a private consortium. Governor Wilson Witzel said the decision would take effect on 17 April but would not disrupt football matches.
Tuesday, March 19th 2019 - 08:08 UTC
Spanish and Swiss companies win rights to operate key Brazilian airport groups

Spain’s Aena SME SA and Switzerland’s Flughafen Zuerich AG last Friday won the right to operate two key Brazilian airport groups, in one of the first tests of President Jair Bolsonaro’s ability to draw foreign investment.
Monday, March 18th 2019 - 09:51 UTC
Bolsonaro in Washington, meets Trump on Tuesday: closer political collaboration and Venezuela in the agenda

Brazilian President Jair Bolsonaro arrived in Washington on Sunday to meet with his U.S. counterpart, Donald Trump, and cement a conservative-populist alliance that, in part, aims to ramp up pressure on Venezuela.
Saturday, March 16th 2019 - 09:56 UTC
China and Argentina resume talks for the construction of a nuclear power plant

A delegation from China will visit Argentina this month to discuss the construction of a nuclear power plant, signaling possible progress in a deal that could increase Beijing’s deepening influence in Argentina. Accordingly, the “technical team” from China would meet local suppliers about the long-stalled nuclear power plant project, reportedly worth up to US$8 billion.
Friday, March 15th 2019 - 09:27 UTC
Boeing's 737 MAX 8 and 9 grounded “for weeks”; France analyzes black boxes

Boeing’s 737 Max 8 and 9 planes will be grounded for weeks if not longer until a software upgrade can be tested and installed, US lawmakers said on Thursday as officials in France prepare to begin analyzing the black boxes from a jet that crashed in Ethiopia.
Thursday, March 14th 2019 - 09:12 UTC
Union halts operations at Argentina's biggest gold mine

A strike at Canadian Goldcorp Inc’s Cerro Negro mine in Argentina has forced a halt to operations, the company said on Tuesday, calling the union’s action at its biggest mine illegal. Mining activities stopped when the strike by the Asociacion Obrera Minera Argentina (AOMA) union began on March 8, and processing is also now halted as surface stockpiles have run out, Vancouver-headquartered Goldcorp said in a statement.