Investments

Wednesday, December 12th 2018 - 06:37 UTC
Mexico to invest US$ 30bn in the “Central American conundrum” and improve migration relations with US

Mexico will invest more than US$ 30 billion in its poor southern states over the next five years, the foreign minister said, boosting the region economically as part of efforts to curb migration. Under pressure from the United States, Mexico is grappling to halt the northward flow of migrants fleeing violence and poverty in Central America.
Tuesday, December 11th 2018 - 09:24 UTC
Russian helicopter maintenance hangar opened in Peru

Russian-made Mil Mi helicopters can now undergo maintenance and repairs in Lima, Peru, after facilities to carry out those tasks were opened Monday within a local Air Force compound, it was announced.
Tuesday, December 11th 2018 - 08:19 UTC
Embraer-Boeing deal clears provisional injunction, but now depends on Bolsonaro's administration

A Brazilian federal court has overturned a provisional injunction that blocked a proposed tie-up between plane makers Embraer and Boeing, Embraer said on Monday in a securities filing. Brazil's Embraer announced in July its intention to sell 80% of its commercial aviation business to Chicago-based Boeing for US$ 3.8 billion. Embraer has said the deal is crucial for its survival.
Monday, December 10th 2018 - 05:51 UTC
US/China trade negotiations have a deadline: March first, says Lighthizer

U.S.-China trade negotiations need to reach a successful end by March 1 or new tariffs will be imposed, U.S. Trade Representative Robert Lighthizer said on Sunday, clarifying there is a “hard deadline” after a week of seeming confusion among President Donald Trump and his advisers.
Monday, December 10th 2018 - 05:38 UTC
Brazil incoming energy minister favors nuclear and wind power; “hydro has reached its limit”

Brazil’s incoming mines and energy minister, Bento Albuquerque, supports more nuclear and wind power development to diversify the country’s energy matrix, while saying hydropower had reached its limit, newspaper Folha de S.Paulo reported.
Friday, December 7th 2018 - 09:54 UTC
Brazilian federal judge freezes proposed tie-up of Embraer with Boeing

A Brazilian federal court on Thursday suspended a proposed US$ 4.75 billion tie-up between US aerospace giant Boeing and the civilian business of Brazilian plane-maker Embraer pending the government of president-elect Jair Bolsonaro taking office.
Friday, December 7th 2018 - 07:29 UTC
Falklands' fishing fleet latest incorporation F/V Argos Cies Open Day

The stern trawler F/V Argos Cies opened its doors at FIPASS to the general public last Sunday as it became the latest new-build to join the Falkland Islands fishing fleet. Members of the public were given a tour of ship, as were invited guests during a reception held in the evening.
Friday, December 7th 2018 - 06:41 UTC
Mexican president wants more investment from oil companies before awarding new contracts

Mexico’s new president says he will take a three-year break from awarding new oil exploration contracts in order to judge the results of contracts already awarded.
Thursday, December 6th 2018 - 09:32 UTC
YPF and Malaysia's Petrona committed to invest US$ 2.3bn in Vaca Muerta

Argentina's state-run energy company YPF and Malaysia's Petronas agreed this week to invest US$ 2.3 billion in a shale oil project in Vaca Muerta, with a target of reaching 60,000 b/d of oil equivalent by 2022. The investment will be in La Amarga Chica, where the companies have been testing the shale oil potential since 2015 and have spent US$ 550 million to date in the process, YPF said in a statement.
Thursday, December 6th 2018 - 09:14 UTC
Russia drew Argentina's attention to Ilyushin-96 jets before G-20 Summit

The Russian aircraft manufacturer Ilyushin has sought to attract Argentina's interest to purchase their Il-96 jets of various specifications, it was revealed Wednesday.