Investments

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.
Friday, May 7th 2021 - 08:40 UTC
LATAM Airlines goes environment conscious for the years to come

LATAM Airlines Group has launched Wednesday in Santiago, Chile, an environmentally conscious plan for the coming years named LATAM Group Sustainability Strategy, to offset 50% of emissions from its domestic operations by 2030.
Thursday, May 6th 2021 - 23:59 UTC
Falklands economy boasts healthy trade surplus but income inequality increases

The value of goods exported from the Falkland Islands recorded a compound annual growth rate of 8.1% between 2010 and 2019, according to the Falkland Islands Government’s State of the Economy report.
Wednesday, May 5th 2021 - 08:40 UTC
IATA: Air cargo down in Latin America but grew elsewhere; passenger travel still far behind

The airlines of Latin America suffered a 23.6% slump in their cargo operations in March, against the same month of 2019, the International Air Transport Association (IATA) reported Tuesday.
Wednesday, May 5th 2021 - 06:42 UTC
Chinese vaccine developer eyes production in Chile

China's Sinovac Biotech laboratory is reportedly evaluating the possibility of manufacturing the immunizer in Chile in a joint effort with the local Pontifical Catholic University, Rector Ignacio Sánchez said in a newspaper interview published Tuesday.
Tuesday, May 4th 2021 - 08:50 UTC
Uruguay: “Unicorn” dLocal eyes Wall Street and new Ford plant offers around 200 jobs to produce

Uruguay's first “unicorn” (an emerging technology-based company worth over US $ 1 billion) local is reportedly planning to land on Wall Street, according to Bloomberg.
Monday, May 3rd 2021 - 09:07 UTC
Argentina's metallurgic industry back at pre-pandemic levels

The Association of Metallurgical Industries of the Argentine Republic (Adimra) Sunday reported nationwide output had grown 24.9% in March of 2021, making it the seventh straight month in the upward direction.