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.
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.
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.
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.
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.
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).
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.
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.
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.
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.