Investments

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.
Monday, August 6th 2018 - 07:45 UTC
UK embassy in Uruguay co-organizes major agriculture academic competition

The British Embassy in Montevideo, Cuti, ARU and ANDE are co-organizing the third edition of Hackathon AGRO which will take place at Expo Prado 2018 on 14-16 September. Hackathon AGRO is an open competition for Uruguayan teams made up of researchers, entrepreneurs and experts in Information Technologies, Agro and Business.
Saturday, August 4th 2018 - 12:35 UTC
Argentina's industrial output was down 8.1% in the twelve months to June

Argentina’s industrial output plunged 8.1% in June compared with the same month last year, government statistics agency Indec said, the sharpest monthly drop since the country was in the grips of an economic meltdown in 2002.
Saturday, August 4th 2018 - 11:54 UTC
Trade war: “China's countermeasures are rational”, argues Beijing

China’s state media said on Saturday the government’s retaliatory tariffs on US$60 billion in U.S. goods showed rational restraint, although in an opinion piece it still admonished the United States for blackmail and bullyboy tactics.
Saturday, August 4th 2018 - 11:41 UTC
Petrobras profits soar thirty fold in the second quarter helped by rising oil prices

Brazil’s Petrobras benefited from the rising oil prices and booked a thirty-fold yearly jump in its second-quarter net income, which also beat analyst expectations.
Friday, August 3rd 2018 - 09:44 UTC
Apple becomes the first company to hit a market cap of US$ 1 trillion

Apple hit a market cap of US$1 trillion on Thursday — and hung onto the record valuation at market close — as the iPhone maker became the first publicly traded U.S. company to reach US$1 trillion.
Friday, August 3rd 2018 - 07:48 UTC
Falklands contrasting opinions on the Sao Paulo air link consequences

The Falkland Islands government preferred choice for a second commercial flight to the South American continent has met with contrasting opinions as to the practical and potential future consequences of the Sao Paulo destination.This was clearly expressed in the Letters chapter of the Penguin News. One of them comes from the FI Chamber of Commerce, and the second from the main importer of fresh produce to the Islands.