Australia

AFP funds in Peru could yield double digits, according to Diego Marrero of Habitat

AFP funds in Peru could yield double digits, according to Diego Marrero of Habitat

The funds of members of the Private Pension System (SPP) ended 2023 in blue. Fund 1 offered a return of 16% per year, on average; followed by fund 2 with 9.9% and fund 3 with 5.18%, according to data from the Superintendence of Banking, Insurance and AFP (SBS). The investment manager of AFP Habitat, Diego ...

Peru does not have sufficient resources to "rescue" its state oil company

Peru does not have sufficient resources to “rescue” its state oil company

Peru will not rescue the state oil company in difficulties Petróleos del Perú SA, the country’s chief of staff said on Sunday following its request for a US$2 billion rescue package. “There is not going to be fresh money, capitalization in favor of Petroperú (…) “The decision is due to a very simple reason, that ...

Drought and geopolitical tensions are affecting maritime routes and trade

Drought and geopolitical tensions are affecting maritime routes and trade

Global maritime trade has not had the best luck since the middle of last year. Two of the main routes, which represent 18% of global traffic, have been affected by severe droughts and geopolitical conflicts in Middle East. On the one hand, the main reason for a decrease in the volume of ship traffic, in ...

The 10 keys to understanding the rules established for the 2024 Mexican elections

The 10 keys to understanding the rules established for the 2024 Mexican elections

The pre-campaigns ended and from January 19 to February 29, the period known as inter-campaign was established, time that the National Electoral Institute, INE, grants to the political parties, to resolve their possible differences regarding the internal selection of their candidates. Likewise, the INE reviews compliance with the requirements of the applications for registration of ...

Manchester United chooses City's Berrada as CEO to achieve titles

Manchester United chooses City’s Berrada as CEO to achieve titles

The club is notA start date was immediately announced for Berrada. His arrival follows British billionaire Jim Ratcliffe’s purchase of a 25% stake in the club through his chemicals conglomerate in December, after the Glazer family sold a minority stake. “It is our stated ambition to re-establish Manchester United as a title-winning club,” Manchester United ...

operation and assets are purchased by firm for US$4 million

operation and assets are purchased by firm for US$4 million

Financial Diary – Santiago GeoPark sealed an agreement with the Chilean company Servicom, which is dedicated to oil & gas drilling services, for the sale of its operations in Chile – in the Magallanes region – for US$4 million, including its participation in the Fell, Isla Norte, Flamenco and Campanario blocks. In the update of ...

TikTok managed to surpass SpaceX and OpenAI as the most valuable unlisted company

TikTok managed to surpass SpaceX and OpenAI as the most valuable unlisted company

ByteDance, owner of TikTok, has reached a valuation of US$250 billion, making it the leader of unlisted companies. They are followed by SpaceX, Elon Musk’s satellite company, and OpenAI, creator of ChatGPT. They are large companies that when they go public – and some of them have plans to do so – will be among ...

Bayer announces significant job cuts to improve its operations and results

Bayer announces significant job cuts to improve its operations and results

Within the new operating model, the cuts, including managers, will begin in the coming months and will end at the end of 2025 Bayer AG said it agreed with worker groups on a plan to eliminate a “significant” number of jobs in a bid to streamline operations and improve company results. Bayer is establishing a ...