Investments

• Tuesday, December 13th 2016 - 08:49 UTC

  First loan for an Andes tunnel to connect Argentina with Chile as part of Mercosur road net

  

  The Inter-American Development Bank (IDB) has approved a US$40 million loan that will allow for bidding to begin for the Agua Negra tunnel, which will connect San Juan province in Argentina with that of Coquimbo in Chile. The tunnel is key to improving trade integration between the two countries and the rest of Mercosur through a new corridor that will connect the Atlantic and the Pacific from Porto Alegre, Brazil, west to Coquimbo, Chile.

• Tuesday, December 13th 2016 - 07:51 UTC

  Another Goldman Sachs/Wall Street top official named to Trump's economic team

  

  Gary Cohn who was tapped Monday by President-elect Donald Trump to head the Gary Cohn , is second-in-command at investment banking giant Goldman Sachs, which he once hoped to lead. Cohn, 56, has worked on Wall Street since the 1990s and is one the firm’s best known public faces. He makes frequent television appearances to talk about the health of financial markets and the global economy.

• Saturday, December 10th 2016 - 12:30 UTC

  Santander announces new investment in Mexico's banking market

  

  Banco Santander has announced plans to invest 15 billion pesos ($735 million) in Mexico over the next three years despite market uncertainty as U.S. President-elect Donald Trump’s inauguration draws nearer.

• Friday, December 9th 2016 - 09:47 UTC

  UK and Brazil underline significance of bilateral cooperation and initiatives in strategic areas

  

  British Secretary of State for International Trade, Dr Liam Fox, and the Brazilian Minister for Industry, Foreign Trade and Services, Marcos Pereira, emphasized the importance of current bilateral cooperation and agreed initiatives on strategic areas to support mutual economic development, during the 9th UK-Brazil Joint Economic and Trade Committee (JETCO) meeting held in Brasília this week.

• Thursday, December 8th 2016 - 19:01 UTC

  Russia sells 19.5% of Rosneft - ‘biggest privatization deal of 2016,’ says Putin

  

  Russian President Vladimir Putin labeled the sale of 19.5% of state-owned oil giant Rosneft's shares to the natural resource trader Glencore International and a Qatari sovereign wealth fund for over $11 billion was “the biggest sale and acquisition in the world’s oil and gas sector in 2016,” the official Kremlin website reported Wednesday.

• Wednesday, December 7th 2016 - 12:16 UTC

  Japanese tech firm meets Trump and pledges to invest US$ 50bn in the US

  

  Shares of Japanese technology firm Softbank have soared to their highest level in more than one year in Tokyo trade, jumping 5% at the open. That is on news Chief Executive Masayoshi Son said he will invest US$50bn in US businesses. But details are lacking on where the money will go and how it will benefit American businesses.

• Saturday, December 3rd 2016 - 09:53 UTC

  Two Chinese large-scale jiggers heading for the SW Atlantic, announces Pingtan

  

  China's Pingtan Marine has announced the launch of two new squid jiggers, bound for the southwest Atlantic and southeast Pacific oceans. The two newly-completed vessels should reach fishing grounds by late December, and sales of squid catches are then expected to begin in the first quarter of 2017.

• Thursday, December 1st 2016 - 18:26 UTC

  Temer admits Brazil “lacks solid institutions”, but foreigners are eager to invest in the country

  

  President Michel Temer said that “Brazil doesn’t have solid institutions” and that is why, “small factoids” menace the country’s institutional framework. Temer made such statements during an event Monday evening with private businessmen.

• Monday, November 28th 2016 - 08:42 UTC

  UK trade envoy in Brazil to promote business in oil, finance, infrastructure and mining sectors

  

  A United Kingdom member of parliament and Special Envoy for Trade and Investment, Mark Prisk is in Brazil for a round of business talks in the oil and gas, financial services, mining and infrastructure sectors. Mr. Prisk is visiting Brazil for the second time in six months and his agenda will take him to Rio do Janeiro, Belo Horizonte and Brasilia.

• Saturday, November 26th 2016 - 13:36 UTC

  IDB US$ 60m loan to expand sewage and rainwater drainage in Montevideo

  

  Uruguay will expand sewage and rainwater drainage systems in Montevideo and improve management of City Hall's sanitation system thanks to a US$60 million loan approved by the Inter-American Development Bank (IDB). The money represents the second stage of a line of credit that the IDB approved for investment projects in December 2006.