Investments

Wednesday, October 13th 2021 - 08:54 UTC
Glencore sells Bolivian zinc operations to a Canadian company

Swiss corporation Glencore has agreed to sell its zinc businesses in Bolivia to the Canadian company Santa Cruz Silver Mining, it was announced Tuesday.
Tuesday, October 12th 2021 - 23:54 UTC
Chile's economy to grow 11%, according to IMF report

Chile's economy has been projected to grow 11%, way above the average of 6.3% foreseen for Latin America throughout 2021 by the International Monetary Fund's (IMF) Global Economic Outlook released Tuesday.
Tuesday, October 12th 2021 - 14:54 UTC
Tata Group takes over Air India for US$ 2,4 billion; airline returns to its original founders

The Tata Group is taking over India's flag carrier Air India, following an agreement to pay US$ 2,4 billion. The airline has been losing money at the rate of a billion dollars since 2009, and under the deal Tata will only pay a quarter of the company's total debt.
Monday, October 11th 2021 - 19:39 UTC
Argentine keeps negotiating with IMF despite rejection to cutting down surcharges

The International Monetary Fund (IMF) has turned down a request from the Argentine Government to discuss a reduction in surcharges, it was announced Monday.
Saturday, October 9th 2021 - 09:41 UTC
Russia's Ambassador to Buenos Aires seeks to sell fighter jets

Russia's Ambassador to Buenos Aires Dmitri Feoktiskov met with Defense Minister Jorge Taiana to convey yet again his country's interest in selling military equipment to the South American country, it was reported Friday.
Saturday, October 9th 2021 - 04:21 UTC
LATAM Group orders brand new aircraft to replace ageing units

South America's LATAM Airlines Group has placed orders for 70 new short-haul Airbus A 320 aircraft to replace its currently ageing units of the same model, it was announced earlier this week.
Friday, October 8th 2021 - 09:44 UTC
Antarctica cruises Atlas Ocean Voyages will operate from Ushuaia, Tierra del Fuego celebrates

An Antarctica cruise company, Atlas Ocean Voyages will begin operating from Ushuaia, the capital of the extreme south Argentine province of Tierra del Fuego. According to local media reports, the first call out of fifteen will take place next November.
Thursday, October 7th 2021 - 09:50 UTC
IMF praises Uruguay's handling of the pandemic and forecasts 3,4% recovery this year

The IMF elaborated and presented this month a preliminary statement on the situation of the Uruguayan economy based on Article IV mission findings.
Thursday, October 7th 2021 - 09:37 UTC
Uruguay eyes energy exports from sea wind farms

The government of Uruguay is willing to promote the generation of energy for export, by installing wind farms with wind turbines on the maritime platform, it was reported Wednesday in Montevideo.
Wednesday, October 6th 2021 - 19:22 UTC
A Coup Attempt at the IMF

By Joseph E. Stiglitz (*) - Kristalina Georgieva, the IMF's Managing Director since 2019, has been a bold leader in confronting the economic fallout of the pandemic, as well as in positioning the Fund as a global pioneer on climate change. The efforts now underway to remove her are not only unjust but could hamstring the Fund's management for years to come.