Investments

Wednesday, April 12th 2017 - 10:18 UTC
YPF interested in Shell's refinery and network of gasoline stations

Argentina's state-run oil company YPF is among the bidders for Royal Dutch Shell Plc's refinery and network of gasoline stations in Argentina. Other nationally owned oil companies are interested in the assets but YPF is seen as having an edge because of its strong position in Argentina, the reliable industry sources said.
Tuesday, April 11th 2017 - 05:30 UTC
Chinese company buys 50% share of the Veladero mine in Argentina

Barrick Gold and Shandong Gold, a Chinese company, have signed a strategic co-operation agreement that includes half the Veladero gold mine in Argentina. Shandong has agreed to purchase 50% of the Veladero mine in Argentina for US$960 million, and a joint venture will be created to operate it.
Saturday, April 8th 2017 - 07:25 UTC
Positive outcome of ASSI visit to St Helena Airport

Senior Aerodrome Inspector, Justin Rothwell, and Air Traffic Services Inspector, Sarah Lee, from Air Safety Support International (ASSI), the regulator for St Helena Airport, visited the Island recently. The purpose of their visit, according to an official release from the Overseas Territory, was to undertake an audit to consider the extension of the certification of St Helena Airport.
Friday, April 7th 2017 - 11:52 UTC
Manchester City parent company purchases Uruguayan football club

Manchester City's owners have confirmed their purchase of Uruguayan club Atletico Torque as the Abu Dhabi-based investors add to their growing portfolio. City's parent company, City Football Group (CFG), announced second tier Atletico Torque will become part of their global network of clubs.
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.