Investments

Monday, April 3rd 2023 - 09:24 UTC
China and Brazil reach accord to trade with their own currencies, avoiding the US dollar

China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar as a common currency, the Brazilian government said on Wednesday, March 29. China has become Brazil's main trading partner.
Sunday, April 2nd 2023 - 11:43 UTC
Dilma Rousseff elected head of BRICS New Development Bank seated in Shanghai

Former Brazilian President Dilma Rousseff was “unanimously” elected as the head of the New Development Bank (NDB), a multilateral financial institution set up by the BRICS (Brazil, Russia, India, China, and South Africa) countries. Rousseff, 75, succeeds her fellow Brazilian Marcos Troyjo, at the Shanghai-headquartered bank.
Sunday, April 2nd 2023 - 10:09 UTC
UK strikes deal to join major free trade bloc in Asia-Pacific, including Chile, Peru and Mexico

The UK announced on 31 March the conclusion of trade talks with member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a vast free trade area spanning the Asia-Pacific, after 21 months of negotiations. The bloc is home to over 500 million people and will have a total GDP of £11 trillion once the UK joins.
Saturday, April 1st 2023 - 09:33 UTC
Colonia launched as possible destination at cruise fair

Uruguayan tourism authorities included the riverside city of Colonia del Sacramento as yet another possible destination for cruise ships already making calls at Montevideo and Punta del Este. Deputy Tourism Minister Renzo Monzeglio headed the South American country's delegation which participated in the recent Seatrade Cruise Global 2023, arguably the most important cruise fair in the world, held at the Fort Lauderdale Convention Center in the US State of Florida.
Friday, March 31st 2023 - 16:04 UTC
Two-thirds of high-net-worth individuals investing in Uruguay are Argentinean: see details

The sector of investment advisors and portfolio managers in Uruguay grew in the number of clients and employees last year. This sector currently manages the money of 36,170 clients, 63% of whom are Argentine, with a total of US$ 28.93 billion invested in different instruments.
Thursday, March 30th 2023 - 15:39 UTC
Gibraltar Airport Tunnel Opens

Jim Watt - Gibraltar. The tunnel for traffic to access the frontier with Spain without having to cross the runway has been an ongoing project beset with delays.
Saturday, March 25th 2023 - 10:30 UTC
Falklands contracts qualified explosive ordnance disposal expert for housing development

Following an extraordinary sitting of ExCo, it has been approved for Fenix Insight Ltd to provide a qualified Explosive Ordnance Disposal (EOD) Adviser for the development works of Bennett’s Paddock. This decision follows the discovery of a number of unexploded munitions while excavation work has been undertaken to develop properties.
Wednesday, March 22nd 2023 - 10:21 UTC
Montevideo hosts Mercociudades convention

Montevideo Mayor Carolina Cosse Tuesday welcomed dignitaries from over 20 cities from Mercosur and also from Chile for the first Mercociudades meeting of the year which the Uruguayan capital is hosting.
Wednesday, March 22nd 2023 - 10:05 UTC
BAS: A six coins series of Antarctic glaciers named after solar system planets

Pobjoy Mint has announced a brand-new 2023 two-pound coin series issued on behalf of the British Antarctic Territory. The six-coin series will feature the Antarctic glaciers named after planets of the solar system starting with the Mars Glacier.
Friday, March 17th 2023 - 00:44 UTC
With the collapse of Credit Suisse, oil prices continue to slide, 10% in a week

Oil prices continued their slide on Wednesday after another banking fallout unsteadied the market further. WTI plunged 4.21% on Wednesday, falling below US$ 70 for the first time since December 2021 to US$ 68.33 per barrel ET. Brent Crude fell over 3.94% to US$ 74.40, for a loss of US$ 3.05 per barrel.