Investments

• 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.

• Thursday, December 7th 2017 - 09:01 UTC

  Mercosur and EU confident a framework agreement will be announced this month

  

  Mercosur is confident a framework agreement with the European Union will be announced next week despite resistance from farmers in Europe to permit tariff-free beef imports, a Mercosur official said. “There is more than a 70% chance of reaching a deal,” said the official close to the negotiations that have dragged on for almost two decades.

• Wednesday, December 6th 2017 - 21:31 UTC

  Peruvian construction companies accused of colluding with Brazil's Odebrecht

  

  Four former and current executives of Peruvian construction companies were detained pending trial, accused of colluding with Brazilian builder Odebrecht to bribe a former president.

• Wednesday, December 6th 2017 - 09:12 UTC

  Two men charged in London with terror offenses including a plot to kill PM May

  

  Two men were charged Tuesday in London with terror offenses over an alleged plot to kill British Prime Minister Theresa May, according to British government officials. Both will appear before a court Wednesday in the British capital in connection with what officials say was a conspiracy to launch a suicide-knife attack on Downing Street, the official home of the prime minister.

• Friday, December 1st 2017 - 18:38 UTC

  Brazilian crucial pension reform bill needs 308 votes, but is still 46 short

  

  Brazil’s lower house Speaker Rodrigo Maia said on Monday he will try to pass a fiscally crucial pension reform bill this year in the chamber, but he told reporters he would only put the measure to the vote if it has enough support.

• Friday, December 1st 2017 - 06:42 UTC

  Argentina as G20 chair will combat protectionism, pledges president Macri

  

  President Mauricio Macri hosted the official launching of the Argentine chair of G20, the world’s major forum for global economic, political, and financial cooperation. In his inaugural speech Macri said Argentina is committed ”to build consensus for fair and sustainable development” and will use its role as the first South American country to chair the G20 group of major economies to combat protectionism.

• Wednesday, November 29th 2017 - 08:23 UTC

  FIH Group posted record revenue pushing profits 38%

  

  Falkland Islands services firm FIH Group posted record group revenue in the six months leading to 30 September, pushing profits ahead by 38%. Group revenue edged up to £20.6m from the £19.8m posted at the same time a year earlier, helping lift pre-tax profits 38% to £1.4m.