Tuesday, March 11

Tag: south america

SQM Strikes Lithium Deal With State-Run Miner Codelco
29Dec By adminNo Comments
World

SQM Strikes Lithium Deal With State-Run Miner Codelco

Chilean lithium company SQM has reached an agreement with state-run miner Codelco to jointly produce the key energy-transition metal that abounds in the country’s desert salt flats.Under the deal, Sociedad Quimica y Minera de Chile and the National Copper Corporation of Chile, as Codelco is formally known, would form a new company to develop lithium in the Salar de Atacama from 2025 to 2060, they said in a statement Wednesday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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SQM Strikes Lithium Deal With State-Run Miner Codelco
28Dec By adminNo Comments
World

SQM Strikes Lithium Deal With State-Run Miner Codelco

Chilean lithium company SQM has reached an agreement with state-run miner Codelco to jointly produce the key energy-transition metal that abounds in the country’s desert salt flats.Under the deal, Sociedad Quimica y Minera de Chile and the National Copper Corporation of Chile, as Codelco is formally known, would form a new company to develop lithium in the Salar de Atacama from 2025 to 2060, they said in a statement Wednesday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Argentina’s Milei Swaps ‘Burning Down’ the Central Bank for Shock Therapy 101
13Dec By adminNo Comments
Money

Argentina’s Milei Swaps ‘Burning Down’ the Central Bank for Shock Therapy 101

Dec. 13, 2023 10:48 am ETArgentina’s radical, anarcho-capitalist President Javier Milei may turn out to be pretty conventional. That comes with good and bad news for investors.Late on Tuesday, the country’s new government announced its first set of economic measures since Milei was sworn in. Economy Minister Luis Caputo said the peso’s official exchange rate against the U.S. dollar would be roughly halved and that public spending would be drastically reduced by cutting energy and transportation subsidies, canceling public works and reducing transfers to provinces.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Argentina Swears In ‘Madman’ Milei as President
10Dec By adminNo Comments
World

Argentina Swears In ‘Madman’ Milei as President

BUENOS AIRES—Javier Milei was sworn in as Argentina’s president Sunday, telling the nation to brace for massive public spending cuts as he tries to dig the country out of its worst economic crisis in a generation. The eccentric economics professor-turned-TV pundit, recognizable for his sideburns and wild bouffant hair, swept to victory last month after promising to demolish the political establishment and overhaul the economy with “shock” fiscal therapy. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Venezuela Breaks Another Promise – WSJ
4Dec By adminNo Comments
Business

Venezuela Breaks Another Promise – WSJ

Well, that was predictable. On Nov. 30 the Maduro regime in Venezuela ignored the U.S. deadline to lay out a process to reinstate opposition candidates for a 2024 presidential election. Will the Biden Administration take it lying down? In return for that Maduro promise, made Oct. 17 with the democratic opposition, the Biden Administration eased sanctions for six months on the export of Venezuelan oil and new investment in the country. The U.S. also lifted bans on dealing with the government-owned mining company and on trading some Venezuelan securities. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Health Care Roundup: Market Talk
28Nov By adminNo Comments
World

Health Care Roundup: Market Talk

Updated Nov. 28, 2023 12:36 pm ETThe latest Market Talks covering the Health Care sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0835 ET – Oncoclínicas do Brasil Serviços Médicos has room to boost efficiency even in areas where it has been operating for years, say XP Investimentos analysts Rafael Barros and Raphael Elage in a research note after a meeting with key executives. The cancer clinic operator has a central pharmacy attached to one of its clinics in Rio de Janeiro, but it’s still not integrated with other operations in the city, so the company can still cut unitary costs even without negotiations with suppliers, XP says. Oncoclínicas’ superior relationship with doctors and insurance payors is an advantage, and XP sees the company’s stock as...
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