Investments

Monday, July 3rd 2023 - 08:12 UTC
MSC and Maersk alliance to end 2025; MSC investing in new vessels, Maersk in logistics

Mediterranean Shipping Company and AP Møller-Maersk that since 2015 set aside their rivalry and shrugged off opposition from regulators to form a capacity-sharing alliance have now agreed to part, with different focus in the future of the industry.
Saturday, July 1st 2023 - 10:53 UTC
Brazil/Argentina bilateral trade better, but still lacks the dynamism of past years

Trade relations between Brazil and Argentina are improving with an overall volume of US$12.5 billion in the first five months of this year. Brazil exported US$7.5 billion worth of goods and imported US$ 5 billion from Argentina, according to the Comexstat portal of the Brazilian Ministry of Industry, Commerce, and Services.
Saturday, July 1st 2023 - 10:49 UTC
Mercosur members challenge Argentina toll fee on Parana/Paraguay waterway

Delegations from Paraguay, Bolivia, Brazil, and Uruguay recently convened a meeting to challenge Argentina’s imposition of a toll fee on the Paraná-Paraguay Waterway. The neighboring countries argued that the evidence presented by Argentina did not provide enough services to justify the charge.
Friday, June 30th 2023 - 10:32 UTC
Bolivia signs lithium production deals with Russian, Chinese companies

Bolivia's state-owned company Yacimientos de Litio Bolivianos (YLB) Thursday signed two separate agreements whereby Chinese and Russian companies will invest over US$1.4 billion to build two industrial complexes for the production of lithium carbonate, it was reported in La Paz.
Friday, June 30th 2023 - 08:01 UTC
Falklands Government acquires Stanley Growers provider of 90% of fresh vegetables and fruit

Last 21 June it was announced that the Falkland Islands Government (FIG) would be acquiring Stanley Growers Limited and Stanley Nurseries and Garden Centre and the land which both businesses occupy, with the intention of managing the business for a time before selling it.
Thursday, June 29th 2023 - 15:45 UTC
World Bank approves $150 million loan to boost green hydrogen investment in Chile

In a significant move towards promoting sustainable energy solutions, the World Bank Board of Directors has approved a loan of $150 million to support green hydrogen projects in Chile. This loan marks the World Bank's first endeavor in promoting green hydrogen and aligns with Chile's commitment to achieving carbon neutrality by 2050. The investment aims to accelerate the country's green growth, energy transition, and foster a resilient and inclusive economic development.
Friday, June 23rd 2023 - 11:10 UTC
Microsoft AI lab inaugurated in Uruguay

Uruguayan President Luis Lacalle Pou Wednesday declared inaugurated Microsoft's first Artificial Intelligence laboratory in Latin America and the fourth in the world. The installations are at the Technological Laboratory of Uruguay (LATU).
Thursday, June 22nd 2023 - 13:56 UTC
Falklands government negotiating the acquisition of Stanley Growers

The Falkland Islands Government (FIG) is currently in final negotiations with the Directors of Stanley Growers Limited and Stanley Nurseries and Garden Centre to acquire both businesses and the leases of the land on which they sit.
Wednesday, June 21st 2023 - 10:34 UTC
Buquebús ship banned from active service

Argentina's Customs General Directorate Tuesday banned Buquebús' Eladia Isabel from River Plate shuttle services to Uruguay due to its “poor condition,” it was reported in Buenos Aires. The vessel's sailing certifications were also found to have expired.
Wednesday, June 21st 2023 - 04:35 UTC
Brazil sells 11 Embraer E-175 to Alaska Airlines and partially finances the operation

The Brazilian Development Bank (BNDES) has granted financing of R$1.3 billion for the export of eleven Embraer E-175 commercial jets to Alaska Airlines, the fifth largest airline in the USA. The funding will cover a portion of Alaska’s investment in the aircraft purchase. Disbursements will be made in Brazilian Reais in Brazil, directly to Embraer.