Investments

Thursday, November 17th 2022 - 18:51 UTC
Shares of Uruguayan unicorn plummet after rumors of fraud

Shares of the first and only Uruguayan unicorn dLocal, a company that debuted on Wall Street in June 2021 fell up to 43% this from $21 to $10 a piece Wednesday after rumors of fraud went public.
Thursday, November 17th 2022 - 10:29 UTC
Brazil's largest port privatization clears the decisive Audits Court

The privatization of Brazil's largest and busiest sea terminal, the Port of Santos clears another barrier. In effect the final report released by the Brazilian federal court of audits TCU did not express major reservations over the privatization process.
Thursday, November 17th 2022 - 09:50 UTC
Five more Type 26 frigates for the Royal Navy: HMS Glasgow to be delivered in mid 2020s

Five more Type 26 frigates will be built for the Royal Navy, the Prime Minister has announced. Defense manufacturer BAE Systems has been awarded a £4.2 billion contract to build the five warships, on top of the three already under construction.
Wednesday, November 16th 2022 - 10:11 UTC
LATAM pilots' strike avoided at last minute; airline activity rapidly picking up

Minutes before deadline officials from the Chilean/Brazilian carrier Latam and the Pilots Union reached over the weekend an agreement which deactivated what seemed an unavoidable strike. The reason for the strike dates back to 2020, when Latam fired 240 pilots and cut the remaining professionals salaries by 30%.
Tuesday, November 15th 2022 - 09:45 UTC
South Korea and Brazil developing space rocket industry; first launch next month

A South Korean space startup for small launch vehicles, Innospace has signed a commercial contract to launch a Brazilian military payload, a symbolic win for the burgeoning space exploration industry from the Asian country.
Tuesday, November 15th 2022 - 09:41 UTC
Brazil's navy ex-flagship, carrier Sao Paulo has become a roaming “ghost ship”

A Federal Court in Pernambuco, northeast of Brazil issued an emergency injunction ordering the country's Navy to immediately suspend the forced berthing of the tugboat transporting scrap metal from the “São Paulo” aircraft carrier. The convoy has been on the coast of Pernambuco since early October and has been identified as “ghost ship.”
Monday, November 14th 2022 - 10:25 UTC
Brazil's auto industry production and exports in solid recovery

In the first ten months of 2022, Brazil exported 406 thousand car units, representing an increase of 32.4% compared to the same period in 2021. In this context, exports to countries such as Chile, Colombia, and Mexico stood out as the main export destinations for the Brazilian automotive industry.
Thursday, November 10th 2022 - 10:10 UTC
Paraguayan foreign traders concerned over Waterway toll

Officials and exporters in Asunción continue to object to Argentina's announcement that shipments through the Paraná River Waterway will have to pay a toll, which would generate an extra cost of 7%.
Wednesday, November 9th 2022 - 10:40 UTC
Montevideo is the most expensive city in Latin America, according to study by Argentine university

The Torcuato Di Tella University together with Zonaprop, a real estate website, prepared a real estate report in which they made a ranking of the most expensive cities to live in Latin America, in which Montevideo appears as the most expensive of all.
Monday, November 7th 2022 - 10:00 UTC
Royal Navy's Type 26s delayed by a year at an extra cost of £233m

UK Secretary of Defense Ben Wallace told MPs in a statement that Initial Operating Capability (IOC) for the Type 26s – dubbed the workhorses of the warship fleet – will now be reached in October 2028 instead of the planned October 2027, and with a cost growth of £233million.