Investments

• Thursday, January 25th 2018 - 07:05 UTC

  Brazil shares surge as Lula's corruption conviction is confirmed ruling him out his presidential bid

  

  Brazilian assets soared, with the Bovespa surging above 83,000 for the first time ever, and the currency Real surging through 3.20 after three judges in a local appeals court upheld a conviction for corruption imposed last July on ex-President Lula da Silva.

• Thursday, January 25th 2018 - 06:39 UTC

  Macri and Putin in Moscow reaffirm Argentina/Russia strategic relationship

  

  Argentine President Mauricio Macri and his Russian counterpart, Vladimir Putin, signed on Tuesday a declaration aimed at strengthening bilateral cooperation during a press conference at the Kremlin. Macri told Putin that he hoped this marked the first of many visits to the Russian capital and highlighted their countries’ mutual interests.

• Thursday, January 25th 2018 - 06:19 UTC

  Chinese foreign minister in Uruguay to promote trade and investments

  

  Chinese foreign minister Wang Yi arrived in Uruguay on Tuesday night for a three-day official visit which includes meetings with his peer Rodolfo Nin Novoa, president Tabare Vazquez and holding a round of talks to promote trade and discuss the possibility of a bilateral agreement.

• Wednesday, January 24th 2018 - 10:02 UTC

  “Enough is enough”, thousands of Uruguayan farmers tell the government

  

  “Enough is enough”, an end to the bloated state and its fiscal voracity, so that Uruguayan farmers can recover competitiveness, was the clear message from tens of thousands who gathered in central Uruguay to express their disenchantment with president Tabare Vazquez administration attitude towards the rural sector.

• Wednesday, January 24th 2018 - 07:18 UTC

  Trump makes “America big again” by imposing stiff tariffs on solar panels and washing machines

  

  President Donald Trump's decision on Monday to impose stiff tariffs on imported solar panels and washing machines has stirred concerns around the world, including North America. Mexico says it regrets the U.S. decision not to exclude it from these new tariffs. And it's vowing to take action to halt Mr. Trump's latest salvo on global trade.

• Tuesday, January 23rd 2018 - 06:42 UTC

  Macri in European tour to promote Argentina: Moscow, Davos and Paris

  

  Argentine president Mauricio Macri arrived on Monday evening to Moscow the first leg of his latest tour of European countries, and the first of 2018, with the purpose of promoting Argentina and attracting investments. In Moscow president Macri and First Lady Juliana Awada are scheduled to meet with president Vladimir Putin at the Kremlin.

• Friday, January 19th 2018 - 09:24 UTC

  Emirates Airlines saves the Airbus A380 with a US$ 16bn order

  

  The Emirates airline has announced an order for up to 36 Airbus A380s. The US$16bn deal amounts to a reprieve for the A380 after Airbus threatened to stop making the jet if it could not come to a deal with Emirates.

• Friday, January 19th 2018 - 09:13 UTC

  China poured US$ 21bn into Brazil in 2017 taking advantage of recession asset prices

  

  China invested US$20.9 billion in Brazil in 2017, the most since 2010 as a recession helped push down asset prices and attracted investors, according to Brazil’s planning ministry.The energy, logistics and agriculture sectors drew the most Chinese capital, including investments in Brazil’s rich pre-salt oil fields and China’s State Power Investment Corp US$2.25 billion deal to operate the São Simão hydropower plant.

• Wednesday, January 17th 2018 - 08:37 UTC

  Uruguayan farmers surprise government and take to the roads to protest fiscal policies

  

  Uruguayan farmers with their tractors, harvesters, trucks, vans and on horseback took to the roads to protest the cost of fuel, power, increased taxes and an over bloated national budget and bureaucracy which they blame for making several farm activities unprofitable, and have had an overall negative impact for the different camp activities.

• Tuesday, January 16th 2018 - 09:48 UTC

  Petrobras and Total confirm completion of Strategic Alliance involving US$ 1.9bn

  

  Petrobras has completed the previously announced sale of shares in several Brazilian fields to France’s Total for US$1.95 billion it was confirmed. The deal was announced as part of the two companies’ Strategic Alliance, signed in March 2017.