Investments

Tuesday, August 17th 2021 - 11:07 UTC
Aeroméxico announces strategic improvements in South American services

Aeroméxico has announced a new seasonal route between Cancún and São Paulo in addition to their new services to Madrid from Guadalajara and Monterrey.
Tuesday, August 17th 2021 - 08:26 UTC
Germany to sell its Lufthansa shares acquired during the pandemic

The German Finance Agency has announced that in the coming weeks it will proceed to the sale of the state's 20% stake in the flag carrier Lufthansa, which it acquired in the midst of the pandemic to help impede the collapse of the company.
Monday, August 16th 2021 - 06:53 UTC
Embraer shares soar as Brazilian aircraft manufacturer shows profits

Stock of Brazilian aircraft manufacturer Embraer went up as the company showed profits last week worth R $ 438.1 million (US $ 87.9 million) despite the pandemic's impact on the airline industry.
Monday, August 16th 2021 - 06:40 UTC
Departure of foreign companies from Argentina and also from Brazil on the rise and with no end in sight

Foreign companies keep leaving Argentina and claiming those moves are part of global strategies. Local analysts are reluctant to believe these explanations, but perhaps they would reconsider their stance if they see a similar exodus also taking place in Brazil.
Saturday, August 14th 2021 - 08:46 UTC
UK signs partnership in Central America to boost trade

UK Export Finance (UKEF) signed this week a historic partnership with the Central American Bank for Economic Integration (CABEI), Central America’s leading development bank and the highest-rated borrower in Latin America.
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.