TLA Times | April 30, 2019
Figures from Apr. 25 Source: www.xe.com
FUN IN THE SUN
Online retail giant, South American nations fight over .amazon.
Eight South American nations and the world’s largest e-commerce retail company are battling for control on the domain .amazon, The New York Times reports. Brazil, Peru, Colombia, Ecuador, Bolivia, Venezuela, Guyana and Suriname want companies in their countries to use the domain to promote tourism. Amazon.com doesn’t want confusion over the name of the internet. Details
Malaysia’s oil company buys stake in Petrobras’ deepwater assets.
S&P Platts reports that Malaysia’s Petronas purchased 50% of Petrobras’ deepwater assets in the Campo Basin. No price was disclosed in the transaction between the two state-owned oil companies. Petrobras will be the operator on the project. Flushed with cash, Petronas has been searching for assets outside Malaysia as domestic production has slowed. Details
Chile makes pitch to become China’s hub for Latin America.
Reuters reports that Chilean President Sebastian Pinera invited the Chinese to use Chile as a center for businesses in Latin America. Pinera’s remarks came at an investment forum in China. Pinera met with executives from Chinese companies during a weeklong trip to Asia. Chile is China’s largest trading partner in South America. Details
Netflix making 50 movies and series in Mexico.
Netflix is expanding its production in Mexico, producing or co-producing 50 films and TV series there, the Los Angeles Times reports. As recently as 2017, Netflix produced only seven projects in Mexico. More than half of Netflix’s subscription base is outside the United States and the international segment is growing much faster than the domestic customer base. Details