Investments

Thursday, June 18th 2020 - 23:00 UTC
LATAM Argentina announces options for purchased ticket holders

LATAM Airlines Group informs that LATAM Airlines Argentina announced on Wednesday that it will cease passenger and cargo operations for an indefinite period. The announcement is a result of current market conditions, exacerbated by the impact of the COVID-19 pandemic and the difficulty of building structural agreements with local industry actors, which has made it impossible to foresee a viable and sustainable long-term project.
Thursday, June 18th 2020 - 12:36 UTC
Brazil retail sales plunge in April anticipating a major contraction of the economy

Brazilian retail sales plunged at a record pace in April as social isolation measures choked spending, official figures showed indicating the economy’s contraction in the second quarter could be even more severe than anticipated.
Thursday, June 18th 2020 - 10:15 UTC
LATAM's Argentina branch will cease operations indefinitely; 1,715 staff to be laid off

LATAM Airlines Group said on Wednesday its Argentine subsidiary will cease operations indefinitely, cancelling all domestic flights, its first major cutback since filing for bankruptcy protection. The announcement fell short of saying the company, Latin America’s largest airline, will entirely wind down its subsidiary, although it is unclear if it will ever resume operations.
Wednesday, June 17th 2020 - 17:51 UTC
Trump administration nominates White House official to lead the Inter American Development Bank

The Trump administration announced it plans to nominate the top White House official for Latin America to lead the Inter-American Development Bank, aiming to break a six-decade tradition of choosing the bank's leadership from candidates in that region.
Wednesday, June 17th 2020 - 12:09 UTC
Investment inflows to Latina America forecasted to halve from US$ 164 billion

Investment flows to Latin America are expected to halve in 2020 from the US$ 164 billion received last year, according to UNCTAD's World Investment Report 2020.
Wednesday, June 17th 2020 - 08:22 UTC
Argentina extends confidentiality agreements with creditors for one day

Argentina has extended confidentiality agreements with creditors by one day to allow further negotiations as the two sides seek a last-ditch agreement to restructure around US$ 65 billion in debt.
Tuesday, June 16th 2020 - 11:55 UTC
Argentina and main creditors on the last leg of negotiations: reviewed exchange of payment proposals

Some of Argentina’s largest creditors presented a new debt proposal to the government over the weekend as the two sides edge closer to a US$ 65 billion restructuring deal, according to people familiar with the matter.
Monday, June 15th 2020 - 08:18 UTC
Chilean copper miners warn of alarming increase in Covid-19 cases and threaten to walk off the job

Chilean copper miners' unions called on Sunday for a re-evaluation of the operational continuity plans of the country's biggest miners during what they said was an “alarming” increase in coronavirus cases among workers.
Monday, June 15th 2020 - 08:09 UTC
EasyJet takes off this Monday with a fist flight to Glasgow

EasyJet aircraft will take to the skies this Monday for the first time since Mar 30, as the British carrier resumes a small number of mainly domestic flights after weeks of lockdown.
Saturday, June 13th 2020 - 07:03 UTC
Unilever's Anglo-Dutch structure to become a single holding based in UK

Unilever proposed collapsing its Anglo-Dutch legal structure into a single holding company based in Britain on Thursday, nearly two years after shareholders sank an earlier plan to move its headquarters to the Netherlands.