Investments

Saturday, May 15th 2021 - 09:04 UTC
Google buys 30-hectare property in Uruguay's Science Park

Google's subsidiary in Uruguay, Eleanor Applications SRL, Friday purchased 30 hectares in the duty-free Science Park in Canelones, where it will install a data centre, it was announced.
Saturday, May 15th 2021 - 09:00 UTC
Diplomatic rift with China results in shortage of active ingredient to produce vaccines in Brazil

São Paulo Governor Joao Doria Friday blamed Brazilian President Jair Bolsonaro for a diplomatic crisis with China, which led to the suspension of supplies to manufacturing vaccines against the coronavirus.
Saturday, May 15th 2021 - 04:29 UTC
Paraguay-Mexico Chamber of Commerce in process of creation

Paraguayan exports to Mexico in the context of the coronavirus pandemic have grown to such an extent that the Paraguay-Mexico Chamber of Commerce is in the process of being created, it was announced on Friday.
Friday, May 14th 2021 - 09:31 UTC
Brazil could have bought Pfizer vaccines much earlier, but Bolsonaro ignored the offer

Carlos Murillo, general manager for Latin America at Pfizer Pharmaceuticals, said Thursday that three offers were made to Brazil during 2020 to supply vaccines against coronavirus, but all were rejected by President Jair Bolsonaro's government.
Friday, May 14th 2021 - 09:30 UTC
Investor confidence in Uruguay allows for local currency bond issue

Uruguay placed on the market a new 10-year peso bond for the equivalent of US $ 1,166 million at an interest rate of 8.25% per year, reported the Minister of Economy, Azucena Arbeleche. It is the lowest interest rate in the historical comparison of emissions by Uruguay.
Friday, May 14th 2021 - 08:31 UTC
Bolivia suspends train tests to Chile after truckers protests

The tests to reactivate a cargo rail line that connects the Chilean port of Arica (north) with Viacha, Bolivia (southwest), will be suspended, Bolivian authorities announced this Thursday, after several days of roadblocks by truck drivers against the initiative.
Thursday, May 13th 2021 - 08:20 UTC
Another Argentine group after Telefónica Uruguay

The Argentine business Olmos Group, the owner of the news channel Crónica TV, Diario Crónica, Evolución Seguros, and other companies in the health care business in Argentina, have begun negotiations to buy over Telefónica's Uruguay, the subsidiary announced Wednesday.
Tuesday, May 11th 2021 - 09:36 UTC
Falklands plans to borrow US$ 85 million for the port, and manages a credit rating of A+ from S&P Global

Reuters has reported that the Falkland Islands got its first sovereign credit rating, an investment-grade A+ score from S&P Global on Monday, as the tiny British-run territory looks to dip into borrowing markets to pay for improvements to its main port.
Monday, May 10th 2021 - 09:50 UTC
US investors withdrawing from Latin America's three largest economies as populist rulers spark concern

According to a recent report from the Department of the Treasury, investors from the United States are rapidly fleeing the once most promising and three largest countries of Latin America (Brazil, Mexico and Argentina).
Saturday, May 8th 2021 - 08:22 UTC
Dredging starts off Argentine port of Bahía Blanca

Dredging has started off the Argentine port of Bahía Blanca this week to restore the main channel so that ships up to 45 feet deep or 50 50 feet at high tide can be allowed in.