Investments

• Tuesday, August 28th 2018 - 08:41 UTC

  Ocean Infinity seabed survey company to begin looking for ARA San Juan next month

  

  United States based seabed survey company Ocean Infinity hopes to begin searching for the missing Argentine submarine ARA San Juan (S-42) in September. The announcement was made by Argentine defense minister Oscar Aguad.

• Sunday, August 26th 2018 - 11:29 UTC

  First LNG-powered cruise ship floated at Meyer shipyard in Papenburg, Germany

  

  First aver LNG-powered cruise ship was floated at Meyer shipyard in Papenburg, Germany. It will now be positioned at the shipyard’s dock for final hotel outfitting ahead of a delivery this autumn.The AIDAnova LNG-powered 5,200-guest cruise ship, which features a ‘green cruising’ design, has been built in compliance with the rules of classification society RINA.

• Sunday, August 26th 2018 - 03:05 UTC

  Norwegian Air planning to operate domestic flights in Brazil

  

  Low-cost Norwegian Air is interested in operating domestic flights within Brazil, a government official said, as it plans its debut in Latin America’s largest economy in March with a flight between Sao Paulo and England.

• Thursday, August 23rd 2018 - 08:33 UTC

  First container vessel attempting the melting Arctic sea route north of Russia

  

  Danish vessel setting sail from Vladivostok this week is set to become the first container ship to tackle the Arctic sea route north of Russia. The Venta Maersk, owned by Maersk Line, and carrying 3,600 containers, hopes to reach St Petersburg by late September. That could be up to 14 days faster than the southern route via the Suez Canal.

• Tuesday, August 21st 2018 - 08:25 UTC

  Latam announces 2Q results; currencies' turbulence has hit shares, down 25%

  

  With this year's sell-off in emerging markets assets hasn't just dented investor returns and confidence, but also weighed heavily on global companies with exposure to developing economy currencies. One that is LATAM Airlines, by far South America's biggest carrier and among the world's largest by network connections.

• Monday, August 20th 2018 - 08:14 UTC

  Falklands Development Corporation has a new Development Manager, Michael Poole

  

  The former Member of the Falkland Islands Legislative Assembly, Michael Poole took up the position of Development Manager at the Falkland Islands Development Corporation at the start of the month, heading the Business Development team.

• Thursday, August 16th 2018 - 22:12 UTC

  Mercosur reliance on China and industrial protectionism, challenges for a deal with EU

  

  Mercosur excessive reliance on exports to China and industrial protectionism in chemicals are core stumbling blocks to reaching a free trade agreement (FTA) with the EU, a policy paper published by the 28-country bloc released on Monday.

• Monday, August 13th 2018 - 21:13 UTC

  Brazil's development bank plans to sell US$ 2.6bn stakes in local companies

  

  Brazil's development bank BNDES plans to sell up to 10 billion reais (US$ 2.6 billion) in stakes its investment holding company owns in local companies, a senior executive announced. Investment director Eliane Lustosa said the holding company BNDESPar has already sold 6 billion reais in stocks owned in Brazilian companies this year.

• Saturday, August 11th 2018 - 21:37 UTC

  With a Brexit transition deal, UK financial sector “will not be hit as badly as feared”

  

  The UK financial services sector will not be hit by Brexit as badly as feared, London's Lord Mayor has said. Charles Bowman told website Politico between 5,000 and 13,000 jobs could go by the UK's departure on 30 March 2019. The figure, which assumes the UK will secure a transition deal, is based on public Brexit job announcements by City firms and internal staff analysis.

• Saturday, August 11th 2018 - 09:37 UTC

  'K notebooks' corruption: companies won't be punished for what employees may have done

  

  The Argentine government will allow companies whose officials are named in a corruption probe to continue work on existing projects and to bid for new ones. Contracts will be honored and companies won’t be punished for what employees may have done, Transport Minister Guillermo Dietrich said in an interview in Buenos Aires.