Investments

• Friday, March 23rd 2018 - 14:00 UTC

  Heatwaves, hurricanes, floods: 2017 costliest year ever for extreme weather and climate events, says UN

  

  Hurricanes, monsoon floods and continuing severe drought made 2017 the costliest year ever for severe weather and climate events, according to a new report by the United Nations weather agency launched on the eve of World Meteorological Day.

• Thursday, March 22nd 2018 - 22:22 UTC

  Bank of England leaves rates unchanged for now, waiting for more Brexit data

  

  The Bank of England signaled on Thursday that it remains on course to lift interest rates in Britain this year and next, as figures showed a yearlong squeeze on consumers caused by a steep fall in the pound appears to be coming to an end.

• Wednesday, March 21st 2018 - 20:25 UTC

  Powell's Fed confirms gradualism: anticipates 5 more modest rate increases in next 21 months

  

  The Federal Reserve is raising its benchmark interest rate to reflect a solid U.S. economy and signaling that it's sticking with a gradual approach to rate hikes for 2018 under its new chairman, Jerome Powell. The Fed said it expects to increase rates twice more this year. At the same time, it increased its estimate for rate hikes in 2019 from two to three, reflecting an expectation of faster growth and lower unemployment.

• Wednesday, March 21st 2018 - 10:00 UTC

  Google pledges to combat fake news monitor misinformation during elections”

  

  Google has said it will invest US$300 million in helping news organizations to fight fake news and grow their businesses. The search engine giant will also invest in new technological tools to enhance online news consumption.

• Monday, March 19th 2018 - 08:45 UTC

  Brazil's giant meat packer JBS sells feed-lot assets in several US states

  

  It took about eight months, but Brazil's giant meat packing industry JBS is finally free of its Five Rivers Cattle Feeding operations. The Greeley-based company in Colorado had planned since last June to sell its massive cattle feeding operations, which span six states including Colorado. The deal became final and closed on Friday.

• Sunday, March 18th 2018 - 10:36 UTC

  Ushuaia at Seatrade in Miami praised for the port services improvements

  

  The port of Ushuaia in Tierra del Fuego expects to end the current 2017/18 cruise season with over 339 calls, fifty more than in the previous season, revealed governor Rosana Bertone who attended the SeaTrade International Fair in Miami, the world's major event of the industry.

• Friday, March 16th 2018 - 09:41 UTC

  Argentina preparing its first offshore licensing round in the South Atlantic

  

  Argentina plans to launch its first offshore licensing round in almost three decades this year, as it seeks to widen exploration for longer-term production growth, Energy Minister Juan Jose Aranguren said on Thursday.Round One will be launched in June or July for 240,000 sq km in three zones of the continental shelf, Aranguren said on the sidelines of The Economist's Argentina Summit in Buenos Aires.

• Wednesday, March 14th 2018 - 08:39 UTC

  Ambitious expansion for Argentine international Ezeiza airport

  

  The Argentine government has announced it plans to invest 15 billion Argentine Pesos (some US$ 750 million) in an ambitious expansion of the country's main international airport, Ezeiza, in the outskirts of Buenos Aires city.

• Friday, March 9th 2018 - 04:49 UTC

  Falklands' fishing victims of UK Brexit deal, claims Fortuna

  

  “The UK has sold out Falklands fishing for a Brexit era deal,” fishing company Fortuna Ltd Director James Wallace told Penguin News this week. He was replying to much general speculation as to why a Falkland Islands company with a long history of participation in the South Georgia toothfish fishery was refused licenses this season.

• Thursday, March 8th 2018 - 09:28 UTC

  Chinese carmaker acquires US$ 9bn stake in Mercedes Benz, expecting to share auto technology

  

  Li Shufu, chairman of Chinese carmaker Geely, is making waves in the global auto market after buying a US$ 9 billion stake in Germany’s Daimler. Li, 54, the son of a farmer from China’s Zhejiang province, has led a major acquisition push globally since 2010, when he took over Swedish car brand Volvo from Ford Motor, US$ 1.8 billion deal.