Investments

• 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.

• Thursday, March 14th 2019 - 07:59 UTC

  Brazil to discuss meat, sugar and ethanol trade with the United States

  

  Brazilian Agriculture Minister Tereza Cristina Dias said that she will discuss U.S.-Brazil trade in meat, sugar and ethanol in talks next week between officials of the two countries. Dias, who will travel with President Jair Bolsonaro to the United States, said one of her priorities is to reopen the U.S. market for Brazil’s fresh beef exports, which were suspended almost two years ago over safety concerns.

• Wednesday, March 13th 2019 - 08:34 UTC

  Shell agrees offshore oil exploration contracts in Colombia

  

  Colombia’s government announced it had signed two exploration and production contracts with Shell in offshore areas of the Caribbean Sea that will require the company to make initial investments of US$ 100 million.

• Tuesday, March 12th 2019 - 11:33 UTC

  FAA says Boeing 737MAX8 model is airworthy but US Transport Secretary calls for “appropriate action”

  

  The US Federal Aviation Administration has told airlines it believes Boeing's 737 Max 8 model to be airworthy, after two fatal crashes inside six months. An Ethiopian Airlines plane en route from Addis Ababa to Nairobi crashed six minutes after take-off on Sunday, killing all 157 people on board. The incident followed Lion Air 737 Max 8 crash in October that killed 189.

• Tuesday, March 12th 2019 - 09:50 UTC

  US and Brazil reach space accord to be signed next week when Bolsonaro visits Washington

  

  The United States and Brazil have negotiated an accord to safeguard U.S. space technology the South American nation hopes will be used in commercial rockets lifting off from its launch site near the equator, the Brazilian government said on Monday.