Real Estate

Thursday, September 23rd 2021 - 09:29 UTC
Relief in world markets, China's mega Evergrande will pay some of its debts

China's largest real estate group, Evergrande and on the brink of bankruptcy announced on Wednesday an agreement with a creditor to avoid the nonpayment of a bond that matured this Thursday. In a release to the Shenzhen stock exchange, its affiliate announced it had reached a plan to pay the bond's interests, (not capital) and of which markets feared the worst.
Tuesday, September 21st 2021 - 08:55 UTC
World markets sink on fears of a Chinese version of “Lehman Brothers 2008 bankruptcy”

Asian stocks sank on Monday amid fears of a potential collapse of the beleaguered Chinese real estate company Evergrande could lead to a wave of defaults in China's bloated housing market that could extend from the second-largest economy to the rest of the world. The company must pay this week interests on loans and bonds and experts fear it will not be able to honour creditors.
Tuesday, September 21st 2021 - 08:50 UTC
Chinese giant Evergrande's debt spreads fears among world markets

As the Chinese Evergrande Group falls into debt some regards as an encore of the Lehman Brothers crisis of 2008, markets around the globe have begun to brace for the worst despite little signs of encouragement in the opposing sense.
Thursday, September 16th 2021 - 09:25 UTC
IDB President sees a plethora of opportunities ahead in Uruguay

“Uruguay could be a Silicon Valley of the south”, said Inter-American Development Bank (IDB) President Mauricio Claver-Carone Wednesday after meeting in Montevideo with President Luis Lacalle Pou.
Wednesday, September 1st 2021 - 09:59 UTC
Uruguayan Mayor expectant on return of Argentine tourists

Enrique Antía, Mayor of the Uruguayan department of Maldonado where the elite Punta del Este beach resort is located Tuesday warned of actions by the Buenos Aires Government of President Alberto Fernández to persuade vacationers against travelling abroad next Summer.
Tuesday, July 13th 2021 - 08:30 UTC
Iconic Mar del Plata hotel closes down due to covid-19 travel restrictions within Argentina

The iconic Torres de Manantiales hotel in the traditional Argentine beach resort of Mar del Plata is closing down due to a steady lack of guests resulting from sanitary restrictions which have corseted people's freedom of movement.
Tuesday, June 29th 2021 - 09:00 UTC
History of corruption and bribes behind doomed Florida building reported

The developers of the building which collapsed last week in Southern Florida were under investigation for allegedly bribing local officials to get the permit to build the condominium which has left around 10 people confirmed dead plus some 150 others yet unaccounted for.
Friday, June 25th 2021 - 09:00 UTC
Seaside building north of Miami collapses, 3 dead and 100 still unaccounted for

US President Joseph Biden Thursday approved an emergency declaration in the state of Florida after at least three people were found dead and about 100 were still unaccounted for when a Miami Beach 12-story condominium fell to its ashes.
Monday, June 21st 2021 - 07:36 UTC
17th Century Mona Lisa sold for 2.9 million euros

A replica of Leonardo Da Vinci's famous Mona Lisa has been sold for 2.9 million euros in an online auction, Christie's house announced. It was a record price for a reproduction.
Saturday, November 21st 2020 - 08:30 UTC
Leading Argentine banker dies in a helicopter accident

Argentine businessman Jorge Horacio Brito, one of the richest people in the country, has died, according to a statement from Banco Macro, the bank he founded. Brito, 68, died Friday afternoon following a helicopter crash in the northern province of Salta, the newspapers Clarin and La Nacion reported earlier.