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Codelco and SQM signed an agreement for a new lithium company in northern Chile

Codelco and SQM signed an agreement for a new lithium company in northern Chile

Financial Diary – Santiago Late at night, and after reviewing a contract of more than 600 pages, the boards of directors of Codelco and SQM gave the go-ahead to the pact that creates a company with a state majority and that will operate by 2060. The pact was signed by the presidents of Codelco, Máximo ...

Panama Canal increases the maximum authorized draft for ships due to more rain

Panama Canal increases the maximum authorized draft for ships due to more rain

The Panama Canal Authority (ACP) announced an increase to 45 feet (about 13.71 meters) of the maximum draft authorized for vessels in the Neopanamax locks of the sea route, from the 44 feet allowed until now, before the arrival of the canal season. rains. The Central American canal, through which around 5% of global trade ...

Lower interest rate does not ensure the country's growth, says Central Bank of Peru

Lower interest rate does not ensure the country's growth, says Central Bank of Peru

The president of the Central Bank of Peru, Julio Velarde, said this Thursday that reducing the interest rate does not define the growth of the economy in the country, days after the minister of the sector asked the head of the monetary organization be more proactive to reactivate the country that entered recession last year. ...

ConocoPhillips to acquire Marathon Oil in deal worth at least $17 billion

ConocoPhillips to acquire Marathon Oil in deal worth at least $17 billion

ConocoPhillips agreed to acquire Marathon Oil Corp. in an all-stock deal that valued the company at about $17 billion, spreading a significant buying spree among the largest players in the United States oil and gas industry. The move expands ConocoPhillips' presence in domestic shale fields from Texas to North Dakota and gives the company reserves ...

Argentina faces heating shortage amid coldest winter since 1980

Argentina faces heating shortage amid coldest winter since 1980

Argentina races to secure fuel supplies as winter rages in southern hemispherewith lower than expected temperatures that trigger demand for domestic heating. Additional imports are a headache for the Government of President Javier Milei, that needs to accumulate dollar reserves through trade surpluses – not lose them – in order to lift the currency controls ...

North Korea plans to launch a space satellite between May 27 and June 4

North Korea plans to launch a space satellite between May 27 and June 4

North Korea notified Japan of its plan launch a rocket that will carry a space satellite towards the Yellow Sea and the east of the island of Luzon between May 27 and June 4the Japanese Coast Guard reported on Monday. The notification It comes ahead of a trilateral summit between Japan, South Korea and China ...

ILO says that Colombia has a deficit of 4% of GDP to finance social protection

ILO says that Colombia has a deficit of 4% of GDP to finance social protection

The International Labor Organization, ILO; presented this week a new report on the security and sustainability conditions of populations in low- and middle-income countries. According to the document, the governments of these countries, They must increase spending by an additional US$1.4 trillion to provide basic social protection for all citizens. This additional resource represents a ...

French far-right defeats Macron's party in EU elections

French far-right defeats Macron's party in EU elections

The France's far-right National Rally is widening its lead against President Emmanuel Macron's party in the European elections that will be held in two weeks, according to an Elabe survey for La Tribune and BFM TV. When asked which party they plan to vote for, 33% of respondents backed the National Rally, led by Marine ...