Tag: foreign investment

• Thursday, October 14th 2021 - 09:25 UTC

  Argentina votes funds for the construction of a Logistic Pole in Ushuaia

  

  The Argentine government has earmarked some 70 million dollars, in three years, for the construction of an Antarctic Logistic Pole in Ushuaia, capital of the extreme south province of Tierra del Fuego. Some US$ 25 million will be invested next year to begin the development of the strategic project aimed at consolidating Ushuaia as the support hub for scientific research in Antarctica.

• Saturday, October 9th 2021 - 09:03 UTC

  Uruguay will trade with the world, President Lacalle announces

  

  Uruguayan President Luis Lacalle Pou Friday told the America Business Forum in Punta del Este that his country was moving forward in trading with the world because it is what needs to be done.

• Monday, September 27th 2021 - 08:22 UTC

  Fonterra divesting from Chile after thirty years operations

  

  New Zealand's dairy group Fonterra, one of the largest in the world has announced it is leaving Chile after thirty years and has put on sale its Chilean branch Soprole of which it controls 99% of the stock.

• Wednesday, September 22nd 2021 - 09:08 UTC

  Walmart brand leaves Argentina, stores renamed under local ownership

  

  The worldwide famous Walmart brand is saying goodbye to Argentina as its stores are being repainted following the chain's buy over by Colombian-born local businessman Francisco De Narváez.

• Monday, September 20th 2021 - 08:55 UTC

  Bradesco, one of Brazil's top leading banks is leaving Argentina

  

  Bradesco, Brazil's second-largest private bank is ceasing operations in Argentina. Mainly a commercial bank that works with corporations and foreign trade, Bradesco joins a long list of companies that stopped making business in Argentina and have left or are leaving.

• 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, March 13th 2021 - 08:59 UTC

  Foreign investment in China in Jan-Feb up 31,5% year on year

  

  China, which achieved a V-shaped economic recovery last year, attracted 176.76 billion yuan (US$ 27.18 billion) in foreign investments in January-February, up 31.5% year-on-year, the commerce ministry in Beijing said on Friday.

• Monday, January 25th 2021 - 08:15 UTC

  Global FDI collapsed in 2020, down 37% for Latin America, and 2021 does not look much better, UNCTAD

  

  Global foreign direct investment (FDI) collapsed in 2020, falling 42% from US$ 1.5 trillion in 2019 to an estimated US$ 859 billion, according to a UNCTAD Investment Trends Monitor released on Sunday.

• Saturday, December 19th 2020 - 09:30 UTC

  Brazilian senate approves bill facilitating purchase of rural properties by foreign companies

  

  The Brazilian Senate unexpectedly approved a bill this week to facilitate the purchase and leasing of rural properties in Brazil by foreign nationals or foreign companies. The legislation must be approved by the lower house of Congress before the president can sign it into law.

• Tuesday, December 8th 2020 - 08:54 UTC

  Argentina passes new tax on the rich; opposition claims it will further deter foreign investment

  

  Argentina has passed a new wealth tax to help the government pay for health supplies and economic relief measures amid the ongoing coronavirus pandemic. Lawmakers in the Senate passed the bill, dubbed the “millionaire’s tax,” by 42 votes to 26 late on Friday.