Investments

Wednesday, August 11th 2021 - 07:54 UTC
US company owned by Brazilian citizen buys over Amaszonas airline

Nella Airlines Inc., a US company chiefly owned by a Brazilian citizen, has acquired 100% control over the Bolivian airline Amaszonas, it was announced Tuesday. All company workers are to keep their jobs and have nothing to worry about, according to Amaszonas executive president, Sergio de Urioste.
Tuesday, August 10th 2021 - 08:06 UTC
Toyota Argentina can't find 200 new workers who have finished secondary education

Despite the pandemic, Toyota Argentina has become a success story. During 2020 it managed to keep production and this year it will have manufactured 140,000 Hilux and SW4 models, with a six months waiting list of customers, and negotiations with main offices in Japan for an investment to expand the plant in Zaraté, Buenos Aires province.
Friday, August 6th 2021 - 22:17 UTC
Peru tilts towards China, but taxing miners will become a controversial issue

Recently inaugurated Peruvian president Pedro Castillo seems to be clearly tilting his country towards China: cabinet members have met with the Beijing ambassador, an updating of the 2009 trade accord between the two countries is advancing and this Friday the president will be vaccinated with the SinoPharm Covid 19 shot.
Friday, August 6th 2021 - 07:34 UTC
Latin America and Caribbean FDI in 2020 was the lowest since 2010, ECLAC annual report

Latin America and the Caribbean received US$105.48 billion in Foreign Direct Investment, FDI, in 2020 – 34.7% less than in 2019, 51% less than the record high achieved in 2012, and the lowest since 2010, the Economic Commission for Latin America and the Caribbean (ECLAC) indicated during the presentation of the annual “Foreign Direct Investment in Latin America and the Caribbean, 2021”
Thursday, August 5th 2021 - 07:47 UTC
Chinese lab Sinovac lands in Chile to pack and manufacture vaccines locally

Chinese laboratory Sinovac Wednesday announced it will build a plant in Chile to locally distribute 60 million yearly doses of the Coronavac vaccine against COVID-19 with which to supply other Latin American countries.
Wednesday, August 4th 2021 - 07:03 UTC
Tierra del Fuego fears the significance of Falkland Islands new port

The province of Tierra del Fuego, on Tuesday, denounced UK's construction company BAM Nuttall for operating with no authorization in the Falkland/Malvinas Islands district, currently under British control but over which Argentine claims sovereignty.
Tuesday, August 3rd 2021 - 08:59 UTC
IMF okays SDRs for countries beleaguered under the covid-19 pandemic

The International Monetary Funda's (IMF) Board of Directors Monday approved the disbursement of SDRs for a total amount of US $ 650,000 million as a relief measure amidst the coronavirus pandemic.
Tuesday, August 3rd 2021 - 06:21 UTC
Brazil's Azul signs a one billion dollars deal with German manufacturer for 220 VTOL taxi aircraft

Azul, Brazil's third-largest airline announced on Monday a one billion dollars accord with German manufacturer Lilium for the purchase of 220 of VTOL electric aircraft scheduled to begin operating in 2025.
Monday, August 2nd 2021 - 09:56 UTC
Argentina second worst Latam country in terms of foreign direct investment

Argentina's poor performance in the 21st century when it comes down to direct foreign investment is only surpassed by that of Venezuela; it was reported Sunday by Infobae.
Thursday, July 29th 2021 - 05:02 UTC
Tech companies profits soar to over US$ 50 billion in April/June

Tech companies Apple, Microsoft, and Google owner Alphabet reported on Tuesday combined profits of more than US$ 50 billion in the second quarter of the year. The three companies currently have a combined market value of US$6.4 trillion, more than double their market capitalization when the pandemic started 16 months ago.