Procter & Gamble (P&G) reported a mixed performance for Q1 FY 2025, with net sales decreasing by 1% to $21.7 billion, while organic sales grew by 2% from the previous year’s base period, which had shown 7% growth. The diluted earnings per share (EPS) declined by 12% to $1.61, influenced by restructuring costs, but core […]
Liam Payne, former member of One Direction, tragically died on October 16, 2024, in Buenos Aires. The incident was preceded by a disturbing 911 call from hotel staff expressing concerns about Payne’s erratic behavior, influenced by drugs and alcohol. The call, made just moments before Payne’s fatal fall from his hotel balcony, underscored the hotel […]
Liam Payne, former member of One Direction, was found dead after falling from a hotel balcony in Buenos Aires, Argentina. The 31-year-old singer was staying at the Casa Sur Hotel in Palermo when local police responded to an emergency call reporting the fall. Upon arrival, Payne was discovered unresponsive and was pronounced dead at the […]
Rio Tinto, one of the world’s foremost mining conglomerates, has announced its plan to acquire US-based Arcadium Lithium in an all-cash transaction valued at $6.7 billion. This acquisition represents a major strategic maneuver to consolidate Rio Tinto’s standing within the burgeoning market for critical minerals, particularly those essential for renewable energy technologies and the electric […]
In a significant development in the global lithium market, Arcadium Lithium plc confirmed that it has been approached by mining giant Rio Tinto regarding a potential acquisition. The approach, which remains non-binding, is part of Rio Tinto’s bid to expand its footprint in the lithium sector amid growing demand for electric vehicle (EV) batteries and […]
TotalEnergies has started production at the Fenix gas field, located 60 kilometres off the coast of Tierra del Fuego in southern Argentina, after a significant investment of $706 million. The project, which is part of the Cuenca Marina Austral 1 (CMA-1) concession, is expected to have a daily production capacity of 10 million cubic metres […]
BHP and Lundin Mining Corporation have announced a strategic agreement to jointly acquire Filo Corp., with a total consideration of approximately CAD 4.1 billion. This major transaction also involves the formation of a 50/50 joint venture to advance the Filo del Sol and Josemaria copper projects, located in the Vicuña district spanning Argentina and Chile. […]
In a significant move that positions Argentina closer to becoming a major global LNG exporter, Golar LNG Ltd. has formed a strategic partnership with Pan American Energy (PAE) to deploy a Floating Liquefied Natural Gas (FLNG) vessel. This 20-year project, set to commence operations by 2027, aims to harness the vast shale gas reserves from […]
The streets of Buenos Aires, Argentina’s capital city, transformed into scenes of turmoil as riot police clashed with protesters outside the Congress building on Wednesday. Demonstrators, opposing a contentious budget reform package proposed by President Javier Milei, resorted to throwing petrol bombs and stones, escalating the confrontation to what local media described as a “battlefield.” […]
HSBC Latin America B.V., a subsidiary of HSBC Holdings plc, has finalized the sale of its Argentine operations to Grupo Financiero Galicia, marking a significant transaction in the banking sector. The deal, valued at $550 million, involves the complete transfer of HSBC’s Argentine business, including banking, asset management, and insurance sectors, along with $100 million […]