Investments

Wednesday, June 6th 2018 - 14:09 UTC
Falkland Islands Reception in London

Marking another successful year, the Annual Falkland Islands Government Reception took place on Tuesday 5th June at Middle Temple, London. Islanders in Britain, their friends and supporters, politicians, and veterans of the 1982 war of liberation met in high spirits.
Tuesday, June 5th 2018 - 07:50 UTC
Walmart leaving Brazil after 22 years: 80% takeover by Advent

Walmart gave no price for the transaction, in which Advent takes an 80% stake in Walmart Brazil and leaves Walmart with 20%. But the Arkansas-based mega retailer said it would take a US$ 4.5 billion charge on the deal in the second quarter, much of that related to cumulative foreign exchange losses.
Monday, June 4th 2018 - 08:35 UTC
Heathrow with less connections to Latin America than major European hubs

London Heathrow is connected to fewer Latin American country markets and individual destinations than all of the other major European hubs. That’s the conclusion from the analysis of which airports are missing from Heathrow’s route network in the lead-up to the anna.aero-RABA Heathrow HubLAB Conference in London on 12 June.
Friday, June 1st 2018 - 20:01 UTC
London tube operator interested in operating Buenos Aires underground system

British underground operator Transport for London (TfL) is keen on securing a multi-million dollar contract with Buenos Aires City to operate the city’s underground network, one of the first to be inaugurated in the world. According to a February report in The Times, TfL is one of a number of international underground transport operators to have expressed interest in the contract.
Friday, June 1st 2018 - 07:45 UTC
Global expansion in 2018/19 expected to hover near 4%, forecasts OECD

The global economy is experiencing stronger growth, driven by a rebound in trade, higher investment and buoyant job creation, and supported by very accommodative monetary policy and fiscal easing, according to the OECD’s latest Economic Outlook.
Friday, June 1st 2018 - 07:35 UTC
Guyana on the global energy map: oil production expected to reach 600.000bpd

The Norwegian oil and gas research firm Rystad Energy is predicting that Guyana's oil sector could generate annual revenue of US$15 billion and that the government would pocket most of the profit generated from the explorations.
Friday, June 1st 2018 - 07:22 UTC
Russian billionaire Abramovich's UK visa delay, freezes Chelsea's stadium plans

Chelsea's Russian billionaire owner Roman Abramovich has put the club's stadium plans on hold after delays to the renewal of his UK visa. The estimated cost for a new 60,000 seat Stamford Bridge has increased to £1bn after delays, which included a dispute with a local family.
Thursday, May 31st 2018 - 07:40 UTC
Deal to compensate one of the world's most indebted oil company

Petrobras and Brazil’s government are “very close” to resolving a long-running dispute over an oil-rich offshore area, a deputy minister said, dismissing concerns a fuel pricing crisis had emerged as an obstacle in talks.
Thursday, May 31st 2018 - 07:20 UTC
Total denied environmental license to drill at the Amazon basin

Brazilian environmental agency Ibama this week rejected French oil company Total SA’s application for an environmental license to drill in the ecologically sensitive Foz do Amazonas basin. It is the fourth time that Ibama has rejected the application and requested additional information.
Thursday, May 31st 2018 - 07:11 UTC
Coca Cola supports Macri with US$ 1.2bn, 2019/2021, investment pledge

Coca-Cola announced it would increase its investments in Argentina over the next three years, giving embottled President Mauricio Macri’s government a boost at a difficult time.