Business

Roy Chan to succeed Ng Chad-Son as DSTA chief executive

How the Iranian Economy Actually Works

The revolution changed everything.

Odd Lots: How the Iranian Economy Actually Works (Podcast)

After the Iranian Revolution of 1979, the country’s new leaders — religious and political — promised to redistribute the country’s wealth and made moves to make Iran independent from western influence and business interests. In the decades…

Ecopetrol Asphalt Exports Go Solid in Cartagena Push

Colombia's state-controlled oil company Ecopetrol has shipped its first major batch of solid asphalt directly from the Port of Cartagena, opening a new logistics-driven export line aimed at markets that cannot handle liquid asphalt. The…

Pucobre First-Half Profit Jumps 79% on Copper Rally

Chilean copper miner Sociedad Punta del Cobre (Pucobre) reported a 79% surge in first-half net profit to US$100.7 million, as record global copper prices lifted revenue sharply even though EBITDA declined and the company booked hedging…

Colbun First-Half Profit Falls 53% on Coal Exit Costs

Chilean power generator Colbun, controlled by the Matte group, reported a roughly 53% drop in first-half 2026 net profit to US$60.9 million. The decline reflects extraordinary costs from the early termination of coal supply contracts…

Tiendas D1 Banking Arrives at 2,800 Colombian Stores

Colombian hard-discount leader Tiendas D1 has joined Grupo Aval's banking correspondent network, transforming more than 2,800 stores into financial access points for millions of customers. The post Tiendas D1 Banking Arrives at 2,800…

Santander Arena Santiago to Replace Movistar Arena in Chile

Banco Santander has secured the naming rights to Santiago's premier indoor venue, ending Telefónica Movistar's 18-year sponsorship. The 15,000-seat complex in Parque O'Higgins will be rebranded Santander Arena Santiago in September 2026…

Ethiopia Copies China’s Textile Park Model to Chase Export Jobs

Ethiopia has built seven textile industrial parks, with nine more planned, as Chinese firms finance and operate most of them to chase export jobs. The post Ethiopia Copies China’s Textile Park Model to Chase Export Jobs appeared first on…

IMF lifts Ghana from debt distress, unlocks final US$371 million

The Ghana debt distress upgrade: the IMF moved the country to moderate risk and released a final US$371 million, closing its US$3 billion bailout. The post IMF lifts Ghana from debt distress, unlocks final US$371 million appeared first on…

Senegal FDI Plunges to US$337 Million, Sounding Economic Alarm

The Senegal FDI collapse saw inflows sink to US$337 million in 2025, a near-90% drop, as a hidden-debt scandal and political rifts rattle investors. The post Senegal FDI Plunges to US$337 Million, Sounding Economic Alarm appeared first on…

Jeep maker Stellantis swings to profit on rising demand in North America; shares fall 5%

Auto giant Stellantis on Thursday swung to profit in the second quarter, boosted by rising demand in North America.