Investments

• Friday, April 7th 2017 - 10:31 UTC

  “I have gotten nothing” from Xi, but a strong friendship has developed, Trump admits

  

  United States President Donald Trump said to light laughter at a Thursday evening dinner he hosted for Chinese President Xi Jinping that after a long discussion, “I have gotten nothing, absolutely nothing” from his guest. But Trump added that the two leaders, who chatted earlier at the president’s Florida resort, had quickly “developed a friendship,” and he predicted that “long term we’re going to have a very, very great relationship and I look very much forward to it.”

• Wednesday, April 5th 2017 - 20:59 UTC

  Tesla electric car maker market value overtakes Ford; 2016 sales reached 76.000

  

  Tesla's market value has overtaken that of Ford after shares in the electric car maker added more than 7%. At the close of trading Tesla had a market value of US$49bn, compared with Ford's value of US$46bn.

• Wednesday, April 5th 2017 - 06:22 UTC

  IDB ends annual meeting with agreement to replenish innovation fund

  

  The Inter-American Development Bank and the Inter-American Investment Corporation wrapped up the annual meeting of their Boards of Governors after reaching an agreement to replenish the Multilateral Investment Fund (MIF), the IDB Group’s innovation lab.

• Tuesday, April 4th 2017 - 10:10 UTC

  FIH independent directors still view Dolphin takeover approach as “unwelcome”

  

  FIH Group PLC said on Monday it still views a potential takeover approach from Dolphin Fund Ltd as “unwelcome” and recommends an existing bid from Staunton Holdings Ltd.

• Saturday, April 1st 2017 - 08:37 UTC

  Falklands begins process for new port facilities to support economic growth

  

  The Falkland Islands has approved the commencement of work that will lead to the delivery of new port facilities to support economic growth into the next decade. According to a release from the Falklands elected government, the new work will build on the substantial previous studies completed in 2012 and 2014, which investigated the viability of various sites, and resources are expected to be allocated during the 2017/18 budget process.

• Thursday, March 30th 2017 - 10:04 UTC

  Trump reading the US$ 1 trillion ten-year infrastructure plan, but he's no longer undefeatable

  

  United States Transportation Secretary Elaine Chao said the Trump administration would unveil a US$1 trillion infrastructure plan later this year, but she did not offer details of funding for projects.

• Wednesday, March 29th 2017 - 10:37 UTC

  Argentine minister confident agriculture and public works will boost the economy

  

  Argentine Finance minister Nicolas Dujovne said on Tuesday that the economy's recovery at the start of the year was based on investment and not in consumption. “It is a heterogeneous recovery, with performance in different sectors: government social expenditure was up 70% but manufacturing was down 80%, mainly because of the Brazilian recession, and domestic contraction”, admitted the minister.

• Wednesday, March 29th 2017 - 06:58 UTC

  UK triggers Article 50 to end EU membership: letter to be delivered to Brussels on Wednesday

  

  Prime Minister Theresa May on Tuesday signed the historic letter that will launch Brexit when it is delivered to Brussels on Wednesday, a photo released by her office showed. Sitting in front of a lone Union Jack national flag and a portrait of Britain’s first prime minister, Robert Walpole, a serene-looking May signed the letter to begin the country’s departure from the European Union.

• Tuesday, March 28th 2017 - 07:58 UTC

  China, Russia, EU interested in operating Brazilian railways

  

  Brazil's planned auction of the rights to expand and operate the North-South railway between Tocantins and Sao Paulo states has drawn the interest of major operators from countries including Russia, China and Spain, a government official said.

• Saturday, March 25th 2017 - 09:29 UTC

  Argentina closer to energy self sufficiency: US$ 2.3bn investment in Vaca Muerta shale fields

  

  Argentina's Tecpetrol, part of the Techint Group, said on Thursday it would invest US$2.3 billion in the Vaca Muerta shale fields through 2019, the largest announcement in the formation in years. Tecpetrol said in a statement the investment was made possibly due to measures from President Mauricio Macri's government, including a deal with labor unions earlier this year and a definition of price supports this month.