Investments

Tuesday, December 26th 2017 - 09:43 UTC
Maiden flight for world's largest amphibious aircraft, China's AG600

The world’s largest amphibious aircraft, the Chinese-made AG600, carried out its maiden flight on Sunday morning in Zhuhai, a coastal city in Guangdong province. An AG600, piloted by four crew members, took off from the Zhuhai Jinwan Airport at 9:50 am and remained airborne for about an hour before returning.
Sunday, December 24th 2017 - 17:21 UTC
EU bureaucracy ready to sign deal with Mercosur, but France and Ireland object

The European Union now hopes to conclude a trade deal with the Mercosur bloc by February next year. EU agriculture chief Phil Hogan admitted that there were still 15 “open issues”, following a “difficult” meeting with the Mercosur countries in Buenos Aires last week.
Saturday, December 23rd 2017 - 09:40 UTC
Boeing's interest in Embraer conditioned by the Brazilian government

United States manufacturer Boeing Co sought to calm Brazilian concern about a potential tie-up with Embraer SA after President Michel Temer and other officials warned they would veto any full takeover bid for the regional jet maker.
Tuesday, December 19th 2017 - 11:21 UTC
Markets and investors cheer Piñera, but he faces a determined opposition in Congress

Billionaire conservative Sebastian Piñera will begin a second term as Chile's president in March with a strong mandate after trouncing his center-left opponent in Sunday's election, and local markets soared on hopes of more investor-friendly policies.
Monday, December 18th 2017 - 10:33 UTC
Vigo launches “Fresco y Salvaje”, a registered brand to promote fresh and wild fish consumption

The Organization of Products of Fresh Fishing of the Port of Vigo (OPPF-4), in collaboration with the Galician company specialized in fishing issues Sinerxia Plus, has begun to present the new fish brand ”Fresco y Salvaje” (Fresh and Wild), which it intends to start up among the ship owners forming part of the organization.
Tuesday, December 12th 2017 - 10:47 UTC
Mexico and Brazil compete for investors in deepwater projects

Mexican national oil company Pemex blamed the cancellation of a potentially lucrative deepwater Gulf of Mexico project on weak investor appetite due to competition from recent auctions in Brazil and low oil prices. Mexico’s oil regulator canceled a tender to pick an equity partner for Pemex’s Nobilis-Maximino project, as company interest was not as robust as expected.
Tuesday, December 12th 2017 - 10:37 UTC
US questions workings and rules of WTO which favor “litigation over negotiations”

The United States President Donald Trump’s trade chief said on Monday that the World Trade Organization (WTO) is losing its focus on trade negotiations in favor of litigation, and was going too easy on wealthier developing countries such as China.
Saturday, December 9th 2017 - 20:22 UTC
Da Vinci's record US$ 450 million “Salvator Mundi” exhibited at Louvre Abu Dhabi

The Louvre Abu Dhabi is getting Leonardo Da Vinci’s “Salvator Mundi,” which sold last month at a Christie’s auction for US$ 450 million, the most ever paid for a work of art. Christie’s said the artwork will be going to the museum, but declined to say whether the Louvre Abu Dhabi bought the painting. The Louvre Abu Dhabi said in a tweet Wednesday: “Da Vinci’s Salvator Mundi is coming to #LouvreAbuDhabi.”
Saturday, December 9th 2017 - 19:14 UTC
Santander sells assets in United States to a Chilean bank

Spain's Banco Santander said it had sold its U.S. unit Totalbank to Chile’s BCI for US$528 million as part of moves to sell non-core assets it inherited when it bought Banco Popular. BCI owns City National Bank of Florida and had been in talks with TotalBank’s former owner Banco Popular before it was acquired by Santander.
Saturday, December 9th 2017 - 19:12 UTC
Brazilian economy gradually picking up with growing confidence from investors

Brazil’s economic recovery gained traction in the third quarter, supported by steady family consumption and a rebound in investment. GDP expanded 0.1% from the second quarter and 1.4% from the previous year, the national statistics agency said.