Philips, Samsung and Infineon have been fined 138m Euros by the European Commission (EC) for fixing prices of chips in used in smart-phones. The electronics giants colluded on pricing, contracts and capacity between 2003 and 2005, the EC said.
China is interested in investing in Argentine port infrastructure and in setting up companies with access to the South Atlantic fisheries, according to reports from Shanghai where an Argentine top level delegation is currently negotiating in the framework of the China-Argentina cooperation agreement.
One of the world’s legendary investors is upping his bet on Argentina’s shale oil and gas industry in a show of confidence for shale production in South America’s largest unconventional prize —and a big boost for both super-majors and smaller players making big waves in the heart of new discovery areas.
Argentina's National Electoral Register has confirmed that the first round of presidential elections will take place on October 25 2015, with a run-off penciled in for November 24 if no candidate takes enough votes to win outright.
Credit strapped Argentina is wooing Beijing and with this purpose Economy Minister Axel Kicillof, Planning Minister Julio De Vido and YPF oil company CEO Miguel Galuccio are currently on an official trip to China, aimed at gathering funding for public works including two dams and one nuclear power plant.
Members of Venezuela's Socialist Party have rolled out a variation of the classic Christian “Lord's Prayer” to implore beloved late leader Hugo Chavez for protection from the evils of capitalism.
“Our Chavez who art in heaven, the earth, the sea and we delegates,” red-shirted delegate Maria Estrella Uribe recited at the PSUV party Congress.
Falkland Islands elected lawmaker Dr. Barry Elsby, concluded a two day visit to Guatemala, aimed at defending the Islanders right of self-determination, and highlighting the economic opportunities in the Islands. Member of the Legislative Assembly Dr. Elsby is in the penultimate destination of his tour, a week ago and which also included Chile, Colombia, Panama and the last stop El Salvador.
Australia on Tuesday agreed to scrap a contested resources profits tax after the government struck a surprise deal with crossbench senators, including mining tycoon Clive Palmer. The Minerals Resource Rent Tax (MRRT) was introduced by the previous Labor administration in 2012, with a levy on annual profits above 70 million dollars on iron ore and coal at a rate of 30%.
Spain’s third-biggest lender, CaixaBank SA agreed to buy Barclays Plc banking operations in the country for about 800 million Euros (1.1 billion) in cash to expand its business as economic growth picks up. The sale includes consumer, wealth and investment management and corporate banking businesses, Barcelona-based CaixaBank said in a statement.
A total of 8,070 people joined Spain's jobless queues in August, the first rise in unemployment after six months of improvement, official figures released on Tuesday show. The rise means there were 4,427,930 Spaniards registered as looking for work at the country's unemployment offices at the end of August, Spain's employment ministry figures show.