Investments

Thursday, March 7th 2019 - 09:05 UTC
Trump frustrated: US trade deficit soars to a 10-year high

The US trade gap with the rest of the world jumped to a 10-year high of US$ 621bn last year, dealing a blow to President Donald Trump's deficit reduction plan. The trade deficit is the difference between how much goods and services the US imports from other countries and how much it exports.
Thursday, March 7th 2019 - 05:08 UTC
Bugatti unveils the world's most expensive car, al least US$ 11 million

French supercar maker Bugatti has unveiled the world's most expensive new car, sold to an unnamed buyer for at least US$ 11m (£9.5m) before tax. The exact price is not being revealed but is thought to have overtaken the previous new car record - about £8-9m for a Rolls-Royce Sweptail.
Wednesday, March 6th 2019 - 08:44 UTC
S&P slashes credit rating of several leading Mexican companies including national oil Pemex

Rating agency Standard & Poor’s (S&P) slashed the credit rating for Mexico’s national oil company Petroleos Mexicanos, or Pemex, piling more pressure on the government to tighten up the debt-laden oil firm’s finances.
Thursday, February 28th 2019 - 08:37 UTC
Brazilian consortium interested in Ford's Sao Paulo manufacturing plant

Brazilian automaker CAOA, which produces vehicles with Korea’s Hyundai Motor Co and China’s Chery Automobile Co, is in talks to buy a Ford Motor Co plant in the country that is slated to close by 2019, according to sources reported in the Sao Paulo media.
Wednesday, February 27th 2019 - 21:23 UTC
Boeing and Embraer partnership now approved

The proposed strategic partnership between Boeing and Embraer was approved today by Embraer’s shareholders during an Extraordinary General Shareholders’ Meeting held at the company’s headquarters in Brazil.
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.