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IDB Invest will finance a central railway project in Uruguay

IDB Invest has approved a $250m financing package for the Central Railroad Line project in Uruguay. The package, which includes a fixedrate Bbond, wil

IDB Invest has approved a $250m financing package for the Central Railroad Line project in Uruguay. The package, which includes a fixedrate Bbond, will help enhance connectivity and integration within Uruguay with its capital Montevideo. Proceeds from the package will be used for refinancing existing debt, besides strengthening the overall financing terms of the project. IDB Invest chief investment manager Gema Sacristan said Investing in largescale, sustainable infrastructure projects can have a transformative impact for the future of our region.At IDB Invest, we continue to innovate to mobilise financing and attract new investors to Latin America and the Caribbean. Read More..

B2B Tech News | 2 years ago        

Balesia Technologies is investing in VIVA to help digitize Bolivia

Balesia Technologies, Inc. signed an agreement to the acquisition of 71.5% of NUEVATEL PCS de BoliviaVIVA. The transaction is still subject to the app

Balesia Technologies, Inc. signed an agreement to the acquisition of 71.5% of NUEVATEL PCS de BoliviaVIVA. The transaction is still subject to the approval of the ATT. VIVA aims to be one of the leading companies in data services and offer modern technological solutions. VIVAs new business model will start as soon as the Telecommunications and Transportation Authority ATT issues its approval for the acquisition of Balesia. The company will initially invest a substantial amount for the construction of more than 600 new wireless points throughout the country. Read More..

B2B Tech News | 2 years ago        

The mood is very serious fintech sector once lively faces delays and focus on IPO

Fears of an impending recession have caused a shift in how investors view the market, causing financial technology companies to postpone IPO plans and

Fears of an impending recession have caused a shift in how investors view the market, causing financial technology companies to postpone IPO plans and cut costs. The impact of a deteriorating macroeconomic climate on fundraising and valuations has been raised by the CEOs of major fintech companies. According to CB Insights, fintech funding fell 18% in the first quarter compared to the previous three months, to $28.8 billion. Concerns about a prolonged period of stagflation, in which inflation remains high but growth stagnates. This week, the World Bank lowered its global economic growth forecast. Read More..

B2B Tech News | 2 years ago        

In Mexico, Cargobase is expanding and opening its office.

The company has created its initial hires and expects to possess a team of ten employees by the top of the year. The workplace can have client success

The company has created its initial hires and expects to possess a team of ten employees by the top of the year. The workplace can have client success and sales representatives UN agency can primarily concentrate on the automotive and physical science makers based mostly across the country. This growth marks a milestone in Cargobases international strategy. we have a tendency to believe having a neighborhood presence in Mexico is vital to accomplishing the expansion targets that weve set for the corporate. Read More..

B2B Tech News | 2 years ago        

Wall Street occupies more than 3 % of the U.S. Treasury

In the broad selloff, the S&P 500 lost more than 1%, snapping a twoday winning streak. Shares of Intel Corp fell 5.3 % after Citi cut its estimates on

In the broad selloff, the S&P 500 lost more than 1%, snapping a twoday winning streak. Shares of Intel Corp fell 5.3 % after Citi cut its estimates on the chipmaker for the second time in a week, making it one of the biggest drags on the market. The Dow Jones transportation average dropped 3.8 % on the day, underperforming the other major indices. Three new 52week highs and 29 new lows were recorded by the S&P 500, while the Nasdaq Composite saw 36 new highs and 70 new lows. On U.S. exchanges, volume was 10.62 billion shares, compared to a daily average of 12.26 billion shares over the previous 20 trading days. Read More..

B2B Tech News | 2 years ago        

St. Lucia is delayed with sugar exports

Due to adverse weather conditions in the source markets, sugar shipments have been severely impacted. Due to port congestion and rising demand, 20foot

Due to adverse weather conditions in the source markets, sugar shipments have been severely impacted. Due to port congestion and rising demand, 20foot containers are becoming increasingly difficult to come by. On June 15th, brown sugar will be available at the Government Supply Warehouse, and an update on the regular supply of refined white sugar will be provided as soon as possible. Read More..

B2B Tech News | 2 years ago        

New sanctions on Russian oil, gas and chemical industries has been imposed by Canada

Melanie Joly, Canadas Foreign Affairs Minister, has announced new sanctions against Russias oil, gas, and chemical industries. Export prohibitions on

Melanie Joly, Canadas Foreign Affairs Minister, has announced new sanctions against Russias oil, gas, and chemical industries. Export prohibitions on 28 services critical to the oil industrys operation, including technical, management, accounting, and advertising services. According to Minister, industry accounts for roughly half of Russias federal budget revenues. Read More..

B2B Tech News | 2 years ago        

Alphabets Waymo, Uber Freight in deal for future selfdriving truck

Waymo via, the selfdriving transport unit of Alphabet INC, and Uber Technology Incs Freight have signed a semipermanent strategic partnership. The bus

Waymo via, the selfdriving transport unit of Alphabet INC, and Uber Technology Incs Freight have signed a semipermanent strategic partnership. The businesses failed to share a timeline for once their partnership may well be utilized by paying customers, and Waymo and Uber Freight declined to disclose monetary details of the agreement Read More..

B2B Tech News | 2 years ago        



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