News of business

Latam Airlines reaches bankruptcy deal that hands reins to creditors

28-11-2021 08:37 Latam Airlines Group SA has reached a deal with key stakeholders that paves the way for the Chilean carrier to slash debt and exit bankruptcy under new ownership.

Tech firms lead job recovery amid company exodus

26-11-2021 15:01 Argentina's tech sector is a bright spot that is creating jobs even as many companies are closing in a hostile business environment.

No IMF deal until early 2021, Fernández tells CEOs

13-10-2021 13:02 President Alberto Fernández reportedly tells a group of eight top businessmen that a deal with the IMF won’t happen until 2022 at the earliest.

'Beach' coworking spaces the new craze in São Paulo

07-10-2021 08:44 After 18 months of being locked up by coronavirus pandemic restrictions, Brazil's largest city is breathing again, thanks in part to open air coworking spaces. Rooftops and terraces made out to look like a beach have sprung up all over – and they are no longer the domaine of just internet start-ups.

InvestBA helps push Buenos Aires onto international stage

27-09-2021 09:47 City Hall’s investment and trade promotion agency, better known simply as investBA, was created less than half a decade ago – but the agency is already making a name for itself on the international stage.

by Sophia Moore-Smith

IMF chief risks weakened authority after China-linked probe

17-09-2021 15:03 Kristalina Georgieva risks seeing her authority as head of the International Monetary Fund undermined, after being accused of influencing a report in China’s favour when she worked at the World Bank.

Yields topping 14% lure investors to world’s best utility bond

14-07-2021 10:14 The world’s best performing utility bonds come from an unlikely corner of emerging markets – Argentina.

UIA leader Daniel Funes de Rioja: ‘I want ideas, not an ideology'

19-06-2021 09:30 Daniel Funes de Rioja, who currently serves as president of the influential Argentine Industrial Union (Unión Industrial Argentina) business group on inflation, economic policies and his ‘Triple C’ strategy.

by Jorge Fontevecchia

Mexico prepares for legal marijuana gold rush

18-03-2021 11:52 Mexican lawmakers are close to approving legalisation that is expected to catapult the country's regulated cannabis trade into a billion-dollar legal marijuana market.

World Bank: Women on average have just 76% of men’s legal rights worldwide

24-02-2021 09:00 World Bank warns coronavirus pandemic is reinforcing gender inequality in many countries, with women on average having roughly three-quarters of the legal rights of men.

Walmart divests Argentina operations to Grupo de Narváez

06-11-2020 18:10 Walmart Inc has confirmed it will sell its operations in Argentina to Grupo de Narváez, divesting a 25-year-old business for an undisclosed sum.

Covid and Argentina drag Telefónica to 160-million-euro 3Q loss

30-10-2020 01:07 Company’s third-quarter write-down illustrates depth of Argentina’s economic crisis, reports Bloomberg.

The arguing never stops

11-07-2020 08:13 The arguing will never go away. At times it pauses briefly when the public is hit by unsettling news on the coronavirus front, but then, in no time at all, the bickering begins once more.

by Martín Gambarotta

For less than US$400,000 you can now get Uruguay tax residency

15-06-2020 08:29 Starting in July, foreigners who live at least 60 days a year in Uruguay and buy real estate valued above 3.5 million inflation-linked UI – currently equivalent to US$378,000 – will qualify for tax residency.

I'm a small business owner in the US – will I get a coronavirus bailout too?

01-05-2020 12:16 The US government’s US$350-billion loan fund has run dry – yet many big businesses have been awarded millions.

by * Reprinted with kind permission from the author.

Oil prices go negative. What does that mean?

21-04-2020 07:42 The world is awash in oil, there's little demand for it and we're running out of places to put it.

Brazil to woo Tesla during Bolsonaro’s trip to United States in March

21-02-2020 16:26 On his Twitter account, President Jair Bolsonaro expressed his desire to convince the electric vehicle manufacturer Tesla to set up a factory in the South American country for his fourth trip to the USA.

Marcos Galperin resigns as president and CEO of MercadoLibre

14-02-2020 16:12 Argentine entrepeneur, who has led website to multi-billion-dollar success, will be replaced by Brazilian businessman Stelleo Passos Tolda.