Investments

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such as Argentina, and suggests a joint security cooperation investment with the UK, but especially overcoming an “outdated United Kingdom post-Falklands War security policy”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

• 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.