Investments

• 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.

• Thursday, July 29th 2021 - 04:40 UTC

  Falklands agrees further economic support measures for community and businesses

  

  On Wednesday, ExCo agreed a further set of economic support measures for the community and local businesses, in light of the ongoing pandemic.

• Wednesday, July 28th 2021 - 08:37 UTC

  The 5,600 guests MSC Seashore delivered; inaugural Six Pearls cruise in the Mediterranean

  

  The largest cruise ship to be built in Italy, the MSC Seashore was delivered this week to MSC Cruises. The Fincantieri Monfalcone shipyard is building a sister ship MSC Seascape, which is expected to come into service in early 2022.