The United States stock market regulator (SEC) opened a consultation regarding the accounting policy of Coca-Cola Europacific (CCEP), the main bottler of the soft drink giant, in which it calls into question intangible assets of indefinite life valued at almost 12,000 million euros (about US$ 12,991 million). The bottling company, chaired by the Spanish Sol […]
Tag: Companies
Ecuador launches its solar map with seven photovoltaic projects of about 1,500 megawatts
The government of Ecuador This Friday it presented its solar map, a study on the country’s potential for solar energy, with the identification of the locations for seven photovoltaic projects with a combined power of about 1,500 megawatts. During the presentation of the study, carried out in the coastal province of Santa Elena, the president […]
Spain: construction of the largest 2G biofuels plant in southern Europe begins
Cepsa and Bio-Oils laid the first stone this Friday of what will be the largest biofuels second generation (2G) from the south of Europe which, located in Palos de la Frontera (Huelva) (southwest), will involve an investment of US$ 1.3 billion and the creation of 2,000 direct and indirect jobs. This facility, which will flexibly […]
Carnival announces US$100 million for dock expansion in Bahamas
The shipping company Carnivalbased in Miami, announced this Thursday an investment of US$ 100 million for the extension of the Celebraton Key pier, in the Bahamaswhich will double the passenger arrival capacity. The expansion includes four docks for the next two years with the capacity to accommodate up to four Excel class ships, the largest […]
Gruma reports 35% more net profits in 2023 for up to US$ 430 million
Gruma, the main eMexican corn companyreported this Wednesday an accumulated net profit of US$ 429.5 million at the end of 2023, 35% more than the US$ 319.2 million in 2022. The favorable results for the company were derived from higher sales, despite price sensitivity and volume volatility in some businesses as part of an ongoing […]
Grupo Bimbo: net profits fall 67% in 2023 due to pension plans
He Mexican group Bimbothe largest bakery company in the world, reported this Monday net profits of 15,477 million pesos (about US$ 908.3 million) in all of 2023, 67% less than the 46,910 million pesos (US$ 2,752 million) in 2022. According to its fourth quarterly report of the year to Mexican Stock Exchange (BMV), The Mexican […]
Brussels investigates purchase of Air Europa by IAG due to competition problems
The European Comission announced this Wednesday the opening of an in-depth investigation into the purchase of Air Europe by the IAG group, to which Iberia belongs, due to the suspicion that the operation could reduce competition on several short and long distance routes both inside and outside of Spain. “We want to ensure that the […]
Disney buys Eisenberg’s “dream” film but critics strike down his bigfoot vision
Jesse Eisenberg sold his movie trips to disney for 10 million dollars this Sunday, while his second film at the Sundance festival, an eschatological bigfoot story, caused the public to abandon it. The actor, known for his portrayal of Mark Zuckerberg in “The social network” which earned him an Oscar nomination, has had a busy […]
World Bank: Peru will grow 2.5%, but mistrust still dominates
After the 0.4% contraction that is forecast for the Peruvian economy in 2023, according to a recent World Bank report, a 2.5% rebound is expected for the current year. The reasons? The multinational indicates that Greater copper production will allow for “more intense” mining activityand better conditions are also expected that will favor agriculture, fishing […]
Manufacturing in China registers third consecutive month of contraction
A survey of factory managers in China shows that manufacturing contracted in December, the latest sign that the world’s second-largest economy world still weak. The official Purchasing Managers’ Index (PMI) fell to 49 last month in what officials said was evidence of weak demand, the US Treasury reported on Sunday. National Statistics Office. It was […]