Investments

Monday, January 14th 2019 - 09:03 UTC
Japanese firm prepared to halt construction of a £20bn nuclear reactor in Wales

The UK government's nuclear policy is under renewed scrutiny as the firm behind a £20bn reactor in Wales looks set to halt construction. Japanese media reports say Hitachi will suspend on its Horizon division's Wylfa Newydd plant this week. The company says no formal decision has yet been made.
Monday, January 14th 2019 - 06:40 UTC
Premier record oil production helps significant cuts in its debts

Premier Oil has taken advantage of its second consecutive year of record oil production to make larger than expected cuts into its still-significant debts. The London-listed oil and gas developer, with interests in the Falkland Islands, expects its financial results to reveal end-of-year debts of US$2.3 billion, after removing US$390 million from the total following a sharp rise in oil output.
Friday, January 11th 2019 - 12:24 UTC
Embraer/Boeing marriage receives the blessing from Brazil's government

The Brazilian government on Thursday said it would allow a proposed tie-up between plane makers Embraer SA and Boeing Co to go forward, capping weeks of uncertainty in which President Jair Bolsonaro expressed his hesitation.
Friday, January 11th 2019 - 08:29 UTC
New York iconic Chrysler Building on sale, but it may not be easy

The owners of the Chrysler Building in New York are planning to sell the skyscraper, according news reports. But this may not be easy, since this symbol of Manhattan was built back in 1930.
Thursday, January 10th 2019 - 08:40 UTC
Jaguar Land Rover is cutting 5.000 jobs from its 40.000 strong UK workforce

Jaguar Land Rover (JLR) will announce on Thursday it is cutting up to 5,000 jobs from its 40,000 strong UK workforce. Management, marketing and administrative roles are expected to be hardest hit, but some production staff may also be affected.
Wednesday, January 9th 2019 - 08:09 UTC
Ocean Cruises orders two new Allura class ships: €575 million per ship

Oceania Cruises has announced an order for two new ships from Fincantieri. The ships will be delivered in 2022 and 2025. The two 67,000 gross ton Allura-Class ships will each accommodate approximately 1,200 guests.
Wednesday, January 9th 2019 - 07:00 UTC
Volatile cruise market: regular lines with rebates of up to 19%, but premiums can be 60% higher

Good news: prices for many cruises in January 2019 are significantly lower than they were a year ago. However, there are major differences by cruise line. While the analysis found that the average cruise price per day actually increased by around 3% – from US$ 397 to US$ 407 per person per night – it also showed substantial price discounts for certain cruise lines.
Saturday, January 5th 2019 - 08:59 UTC
New Brazilian administration prepared to open concentrated banking to foreign competition

The fast pace of Brazilian president Jair Bolsonaro continued on Friday, with current central bank Governor Ilan Goldfajn telling newspaper Valor Economico that the new administration is likely to empower the central bank to approve the entrance of new foreign lenders into Brazil.
Friday, January 4th 2019 - 06:55 UTC
Falklands to consider options to enlarge international airport terminal

Options for the extension of the Falkland Islands' Mount Pleasant airport passenger terminal will be considered by the local elected authorities in the coming weeks. According to Penguin News, quoting lawmaker MLA Barry Elsby, options will be put before the Executive Council early in the new year.
Thursday, January 3rd 2019 - 09:00 UTC
Paraguayan group buys 124 YPF gasoline stations in 17 Argentine provinces

The Paraguay group Delta Patagonia has signed an agreement with Argentina's managed oil company YPF for the acquisition of 124 gas stations in 17 provinces. The service stations will now operate under the brand Gulf Combustibles.