Investments

• Saturday, February 23rd 2019 - 09:05 UTC

  Brazilian judge suspends Embraer/Boeing tie-up negotiations

  

  A Brazilian judge on Friday suspended negotiations for the tie-up of Brazilian aircraft maker Embraer SA and Boeing Co, according to a court document. The court issued an injunction suspending an Embraer shareholders meeting scheduled for Feb. 26 that would vote on whether to approve the terms already agreed upon by the two companies.

• Friday, February 22nd 2019 - 10:40 UTC

  Islanders' manufacturer Britten Norman, expanding its new aircraft final assembly plant

  

  Omani-owned UK aircraft manufacturer Britten Norman has signed leases on two additional hangars at its Solent Airport base, on the south coast of England. Airport owner Fareham Borough Council has recently built several new hangars at the site to expand its business park.

• Friday, February 22nd 2019 - 09:20 UTC

  Falklands' government buys 18 acres of land west of Stanley for housing

  

  The Falkland Islands Government has come to agreement with a local landowner to develop the area currently known as Bennett's Paddock to the east of Stanley Golf Course. The site is 18 acres in total and will be divided into approximately 70 individual plots for housing.

• Thursday, February 21st 2019 - 15:24 UTC

  Standard Chartered bank puts aside US$ 900m for potential fines in US and UK

  

  Standard Chartered is putting aside US$ 900 million for potential fines involving investigations in Britain and the US. The money will cover separate investigations into breaches of US sanctions and foreign exchange trading issues.

• Wednesday, February 20th 2019 - 09:34 UTC

  Latam Airlines expected to have a 51% controlling interest in Latam Brazil

  

  Chile’s LATAM Airlines Group SA has asked Brazil’s antitrust regulator Cade to boost its voting stake in LATAM Airlines Brazil to 51%, formalizing a controlling interest in Brazil’s No. 2 airline that for years it was unable to achieve because of local restrictions.

• Wednesday, February 20th 2019 - 09:06 UTC

  Huawei founder: “there's no way the US can crush us: we are more advanced”

  

  Huawei Technologies founder Ren Zhengfei said “there’s no way the US can crush us”, according to an interview he gave to BBC. “The world cannot leave us because we are more advanced. Even if they persuade more countries not to use us temporarily, we can always scale things down a bit,” he said.

• Tuesday, February 19th 2019 - 09:42 UTC

  IBM to launch research center on Artificial Intelligence in Sao Paulo

  

  IBM is set to launch a research center in the Brazilian city of São Paulo focused on development of solutions around artificial intelligence. The AI center will be the first Latin American institution of IBM's AI Horizons Network. It will be jointly run by the company and the São Paulo Research Foundation (FAPESP) to pursue “a disruptive research program”, with the potential to “promote paradigm shifts in AI.”

• Monday, February 18th 2019 - 09:29 UTC

  Macri and business delegation in India for trade, investment and cooperation promotion

  

  New Delhi and Buenos Aires are expected to sign up to eight agreements during President Mauricio Macri’s three-day state visit to India to promote trade, investment and cooperation in several fields including defense, Argentine ambassador Daniel Chuburu said. Macri is accompanied by several ministers, members of Congress and a hundred business leaders.

• Friday, February 15th 2019 - 08:54 UTC

  JP Morgan breaks ground and creates a crypto-currency, JPM Coin

  

  US investment bank JP Morgan has created a crypto-currency to help settle payments between clients in its wholesale payments business. JPM Coin is the first digital currency to be backed by a major US bank.

• Friday, February 15th 2019 - 07:15 UTC

  End for a symbol of Europe technology: Airbus will cease production of the A380

  

  The world’s largest airliner has run out of runway after Airbus decided to close A380 production after 12 years in service due to weak sales. The decision to halt production of the A380 superjumbo is the final act in one of Europe’s greatest industrial adventures and reflects a dearth of orders by airline bosses unwilling to back Airbus’s vision of huge jets to combat airport congestion.