Investments

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.
Friday, April 5th 2019 - 09:33 UTC
Brazil automakers confident of domestic market despite collapse of exports to Argentina

Automobile production in Brazil fell 0.6% in the first quarter of 2019 compared to the same period last year, the national automakers’ association said on Thursday, as an economic crisis in Argentina continued to weigh on output.
Wednesday, April 3rd 2019 - 08:43 UTC
Rockhopper cuts losses and is progressing on Falklands' oil field development

Rockhopper Exploration PLC on Tuesday said its loss narrowed in 2018 as it progresses on field development in the Falkland Islands. The oil & gas exploration and production company's loss narrowed in 2018 to US$ 7.1 million from US$ 9.0 million a year before, as revenue climbed to US$ 10.6 million from US$ 10.4 million.
Tuesday, April 2nd 2019 - 09:42 UTC
BBC signs ten-year £300m deal with Discovery Channel

BBC has signed the biggest ever deal to sell its programs, agreeing to provide its landmark natural history shows to a new global streaming service run by the Discovery Channel for £300m. It is the “largest content deal the BBC has ever done” and will last for 10 years, director general Tony Hall said.
Saturday, March 30th 2019 - 08:10 UTC
UK business groups “devastated” with Parliament handling of Brexit debate

Business groups have said they are “devastated” after Parliament's latest rejection of the prime minister's EU withdrawal plan. They urged MPs and the government to find a solution and stave off the “nightmare” of a no-deal Brexit.