Investments

Monday, November 29th 2021 - 19:18 UTC
LATAM Airlines plunges at Santiago stock exchange

Latam Airlines stock plunges over 80% at the Santiago market after a reshaping plan was announced, one which evaporated the value of current shares. The proposal is yet to be voted on by creditors between January and February 2022.
Monday, November 29th 2021 - 09:29 UTC
LATAM presents reorganization plan, rejects Brazilian group offer, and has to wait until January 27

LATAM Airlines Group said on Friday it had filed a reorganization plan, proposing a US$8.2 billion injection of capital in a bid to exit its Chapter 11 bankruptcy process, and at the same time announced it had rejected the Brazilian airline Azul acquisition proposal as “incomplete” and “insufficient”.
Saturday, November 27th 2021 - 09:12 UTC
Canadian rating agency praises Uruguay's fiscal consolidation and raises BBB- trend from stable to positive

Canadian credit rating agency, DBRS Morningstar confirmed Uruguay's Long-Term Foreign and Local-Currency – Issuer Ratings at BBB-, and at the same time, elevated its prospect from stable to positive.
Thursday, November 25th 2021 - 09:33 UTC
Russian company finds oil off the coast of Tabasco in Mexico

Russia's Lukoil oil company Wednesday announced the finding of an oil reserve off the coast of Tabasco in Mexico believed to be worth 250 million barrels of crude. ”The reservoir was discovered when drilling the Yoti West-1EXP well from the semi-submersible platform Valaris 8505,” according to a company statement.
Wednesday, November 24th 2021 - 09:08 UTC
Falkland Islands Company awarded the joint venture housing contract

Following the request for tenders from local and international companies, the Falkland Islands Government (FIG) and the Ministry of Defence (MoD) confirmed that on Wednesday 17 November 2021 the Falkland Islands Company (FIC) successfully signed a joint venture housing contract.
Tuesday, November 23rd 2021 - 20:01 UTC
Biden endorses Powell for yet another term as Federal Reserve head

US President Joseph Biden has announced he wanted Republican lawyer Jerome Powell to stay at the helm of the United States Federal Reserve (Fed) for a second four-year term.
Friday, November 19th 2021 - 09:21 UTC
The Antipodas project, a US$2 Billion Subsea Solar Power Cable From Chile To China

By Halev Zaremba Oilprice.com – One of the biggest challenges standing in the way of achieving a 100% renewable energy transition is the fact that key sources of renewable power including wind and solar are variable - meaning that they don’t supply a steady flow of energy production. Instead, they are dependent on external factors such as weather, daylight hours, and seasons.
Friday, November 19th 2021 - 09:18 UTC
Israeli-developed oral COVID-19 vaccine strikes deal with Mexican lab

Pharmaceutical companies from Israel and Mexico have announced an oral vaccine against COVID-19 is to be marketed across Latin America shortly.
Friday, November 19th 2021 - 09:02 UTC
Construction boom: FIH wins contract to build 70 houses in the Falklands

FIH group plc the AIM quoted international specialist services group with businesses in the Falkland Islands and the UK, has announced an important new contract secured by its Falkland Islands business “FIC”.
Thursday, November 18th 2021 - 09:05 UTC
Bolsonaro gov't wants Elon Musk to supply internet access to Amazon region

Negotiations between Brazil's Government and entrepreneur Elon Musk to make the internet available to people in the Amazon region were announced Wednesday.