Investments

Friday, September 24th 2021 - 09:12 UTC
Oil company lifts all South Atlantic operations, future of project in Falklands now reshaped

A hydrocarbon development project in the Falkland Islands faces new challenges following the announcement of one of the companies involved that it shall be lifting all South Atlantic operations.
Thursday, September 23rd 2021 - 09:29 UTC
Relief in world markets, China's mega Evergrande will pay some of its debts

China's largest real estate group, Evergrande and on the brink of bankruptcy announced on Wednesday an agreement with a creditor to avoid the nonpayment of a bond that matured this Thursday. In a release to the Shenzhen stock exchange, its affiliate announced it had reached a plan to pay the bond's interests, (not capital) and of which markets feared the worst.
Thursday, September 23rd 2021 - 09:00 UTC
Qantas announces historic nonstop repatriation flight from Buenos Aires

Australia's flag carrier Qantas is planning a historic nonstop repatriation flight from Buenos Aires' Ezeiza airport across the Southern Pole aboard a Boeing 787-9 Dreamliner aircraft, it was announced.
Thursday, September 23rd 2021 - 08:12 UTC
Falkland Islands Government agrees new financial package in support of its heritage

On Wednesday 22 September, the Falkland Islands 'Executive Council, ExCo agreed on the provision of a capital grant of up to £1m and a loan facility of up to £750,000 to support the Falkland Islands Museum & National Trust (FIMNT) to progress the development and construction of the new Lookout Gallery and Exhibition Hall. The package is designed to mitigate ongoing financial pandemic pressures, including the continued absence of international tourism.
Wednesday, September 22nd 2021 - 09:20 UTC
OECD down plays impact of China's mega group Evergrande possible downfall

“We believe the Chinese authorities have the fiscal and monetary capacity to ”shock absorb“ giant real estate promoter Evergrande”, said OECD chief economist Laurence Boone.
Wednesday, September 22nd 2021 - 09:08 UTC
Walmart brand leaves Argentina, stores renamed under local ownership

The worldwide famous Walmart brand is saying goodbye to Argentina as its stores are being repainted following the chain's buy over by Colombian-born local businessman Francisco De Narváez.
Wednesday, September 22nd 2021 - 08:30 UTC
Shell Oil is selling its US Permian assets to ConocoPhillips

By Irina Slav for Oilprice.com – Oil super-major Shell is leaving the Permian with a divestment worth close to US$10 billion. The company said it will sell its assets in the shale play to ConocoPhillips for a total price of US$9.5 billion.
Tuesday, September 21st 2021 - 08:55 UTC
World markets sink on fears of a Chinese version of “Lehman Brothers 2008 bankruptcy”

Asian stocks sank on Monday amid fears of a potential collapse of the beleaguered Chinese real estate company Evergrande could lead to a wave of defaults in China's bloated housing market that could extend from the second-largest economy to the rest of the world. The company must pay this week interests on loans and bonds and experts fear it will not be able to honour creditors.
Tuesday, September 21st 2021 - 08:50 UTC
Chinese giant Evergrande's debt spreads fears among world markets

As the Chinese Evergrande Group falls into debt some regards as an encore of the Lehman Brothers crisis of 2008, markets around the globe have begun to brace for the worst despite little signs of encouragement in the opposing sense.
Tuesday, September 21st 2021 - 08:50 UTC
IAATO preparing for the season with tour operators and Antarctica Gateways

The International Association of Antarctica Tour Operators (IAATO) is preparing for the start of the Antarctic travel season following months of discussion and collaboration with Antarctic gateways.