Investments

• 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such as Argentina, and suggests a joint security cooperation investment with the UK, but especially overcoming an “outdated United Kingdom post-Falklands War security policy”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.

• Monday, December 26th 2022 - 09:01 UTC

  Chile launches the first icebreaker made in South America

  

  The first icebreaker built in Latin America, Almirante Oscar Viel, was launched last week from the state-run naval ASMAR shipyard in Talcahuano, Chile after five years of construction

• Saturday, December 24th 2022 - 10:21 UTC

  Brazil to develop “VTOL” electric aircraft

  

  Brazil's state-owned National Bank for Economic and Social Development (BNDES) has allocated R$ 490 million (about US$ 95 million) to Eve Soluções de Mobilidade Aérea Urbana Ltda., a subsidiary of aircraft manufacturer Embraer, for the development of electric units with Vertical Take Off and Landing (eVTOL) capabilities.

• Thursday, December 22nd 2022 - 10:09 UTC

  Quito opens first subway line in a peculiar way

  

  Ecuadorian authorities Wednesday celebrated the opening of Quito's first subway line, which will for now not be operational. In other words, trains will not be running until a later date, but the stations are open for people to get used to the new system. “Static induction,” they call it.

• Monday, December 19th 2022 - 10:03 UTC

  Strike at most Brazilian airports still on after court proposal rejected

  

  Brazil's National Union of Aeronauts (SNA) announced that the strike planned for Monday at the main airports nationwide by pilots and flight attendants was still on after they rejected a proposal from the Superior Labor Court (TST).

• Monday, December 12th 2022 - 10:28 UTC

  Latin America, the EU's strategic investment target for 2023

  

  Ursula von der Leyen convened the first meeting of the Global Gateway Board on Sunday to review the achievements of the first year of implementation of this plan. The President of the European Commission said the EU wants to counter the new Chinese Silk Road and identify projects for 2023 in Africa, Latin America, the Caribbean, and the Pacific.

• Sunday, December 11th 2022 - 08:46 UTC

  Falklands Government extends Borders & Southern production licenses

  

  Oil and gas company Borders & Southern Petroleum with interests in the Falkland Islands announced this week it had secured the extension of its Production Licenses PL018, PL019, PL020, including the Darwin Discovery Area, according to reports in London's financial media.