Investments

Thursday, January 19th 2023 - 10:19 UTC
Buquebus orders largest 100% electric high-speed catamaran ferry in the world

Shipbuilders Incat Tasmania has begun construction of what they claim will be the world's largest electric ferry boat. The 130-meter-long unit has been ordered by Buquebús, the company offering passenger services between Buenos Aires and the Uruguayan ports of Colonia and Montevideo through the Río de la Plata. It will have room for 2,100 travelers and 226 vehicles, it was reported.
Thursday, January 19th 2023 - 10:05 UTC
Uruguay deploys Protector class Coast Guard cutters

Uruguayan Defense Minister Javier García explained in an interview with Paysandú's 'El Telégrafo' earlier this week that the new Protector class Coast Guard cutters donated by the United States in November of 2022 were actively patrolling the country's river waterways bordering Argentina.
Monday, January 16th 2023 - 19:29 UTC
Argentina has most bizarre regulations, leading businessman tells Harvard

Francesco Starace, CEO of Italy's Enel, the company owning a majority of Buenos Aires electricity suppliers Edesur, said last week during a convention at the Harvard Business School, that they would be leaving the South American country because it “has the most bizarre regulation in the world.”
Tuesday, January 10th 2023 - 10:12 UTC
John Deere and US farmers agree on MOU to allow customers the right to fix their own equipment

The American Farm Bureau Federation (AFBF) and John Deere & Co. signed a memorandum of understanding (MOU) on Sunday, putting an end to a long litigation. The tractor factory has agreed to give its US customers the right to fix their own equipment. Previously, farmers were only allowed to use authorized parts and service facilities rather than cheaper independent repair options.
Friday, January 6th 2023 - 09:51 UTC
Shortages forecast in Argentina due to restrictions on input imports

Argentina's Chamber of Chemical Products warned that due to the restrictions on imports, some critical inputs have been arriving in the country in smaller quantities, which might result in shortages of medicines, soft drinks, and shampoo, among other items.
Wednesday, January 4th 2023 - 21:15 UTC
Japan takes a turn toward the Americas in 2023

Japanese Prime Minister Fumio Kishida is to meet with US President Joseph Biden on Jan. 13 at the White House, while Foreign Minister Yoshimasa Hayashi has left on a South American tour seeking to strengthen ties with Mexico, Ecuador, Brazil, and Argentina.
Monday, January 2nd 2023 - 23:59 UTC
US favors supplying Argentina with vintage F16s to counter Chinese influence and despite UK's objection

A leading US Navy think tank feels it is imperative for the US to pay close attention to the South Atlantic given China's growing trade, financial, investment influence in countries such as Argentina, and suggests a joint security cooperation investment with the UK, but especially overcoming an “outdated United Kingdom post-Falklands War security policy”
Friday, December 30th 2022 - 09:36 UTC
YPF to build lithium batteries in Catamarca

Argentina's state-run Y-TEC YPF plans to install a lithium battery manufacturing plant in the province of Catamarca, according to a deal signed this week between Governor Raúl Jalil and YPF's President Pablo González, it was announced. Also signing the document was Y-TEC (YPF's technological institute) Chief Roberto Salvarezza.
Thursday, December 29th 2022 - 10:09 UTC
Uruguayan gov't wants to create national space agency

The government of President Luis Lacalle Pou has drafted a bill to create the Uruguayan Space Agency, which would function as a decentralized agency under the competence of the head of state, it was reported in Montevideo.
Thursday, December 29th 2022 - 10:07 UTC
Chilean timber company leaves highly volatile Argentina

Chilean timber company Masisa Wednesday announced it had liquidated all its assets in Argentina to abandon all its operations in the highly volatile neighboring country.