Mexican national oil company Pemex blamed the cancellation of a potentially lucrative deepwater Gulf of Mexico project on weak investor appetite due to competition from recent auctions in Brazil and low oil prices. Mexico’s oil regulator canceled a tender to pick an equity partner for Pemex’s Nobilis-Maximino project, as company interest was not as robust as expected.Add your comment!
The United States President Donald Trump’s trade chief said on Monday that the World Trade Organization (WTO) is losing its focus on trade negotiations in favor of litigation, and was going too easy on wealthier developing countries such as China.Add your comment!
The Louvre Abu Dhabi is getting Leonardo Da Vinci’s “Salvator Mundi,” which sold last month at a Christie’s auction for US$ 450 million, the most ever paid for a work of art. Christie’s said the artwork will be going to the museum, but declined to say whether the Louvre Abu Dhabi bought the painting. The Louvre Abu Dhabi said in a tweet Wednesday: “Da Vinci’s Salvator Mundi is coming to #LouvreAbuDhabi.”Add your comment!
Spain's Banco Santander said it had sold its U.S. unit Totalbank to Chile’s BCI for US$528 million as part of moves to sell non-core assets it inherited when it bought Banco Popular. BCI owns City National Bank of Florida and had been in talks with TotalBank’s former owner Banco Popular before it was acquired by Santander.Add your comment!
Brazil’s economic recovery gained traction in the third quarter, supported by steady family consumption and a rebound in investment. GDP expanded 0.1% from the second quarter and 1.4% from the previous year, the national statistics agency said.Add your comment!
Mercosur is confident a framework agreement with the European Union will be announced next week despite resistance from farmers in Europe to permit tariff-free beef imports, a Mercosur official said. “There is more than a 70% chance of reaching a deal,” said the official close to the negotiations that have dragged on for almost two decades.1 comment
Four former and current executives of Peruvian construction companies were detained pending trial, accused of colluding with Brazilian builder Odebrecht to bribe a former president.Add your comment!
Two men were charged Tuesday in London with terror offenses over an alleged plot to kill British Prime Minister Theresa May, according to British government officials. Both will appear before a court Wednesday in the British capital in connection with what officials say was a conspiracy to launch a suicide-knife attack on Downing Street, the official home of the prime minister.Add your comment!
Brazil’s lower house Speaker Rodrigo Maia said on Monday he will try to pass a fiscally crucial pension reform bill this year in the chamber, but he told reporters he would only put the measure to the vote if it has enough support.
President Mauricio Macri hosted the official launching of the Argentine chair of G20, the world’s major forum for global economic, political, and financial cooperation. In his inaugural speech Macri said Argentina is committed ”to build consensus for fair and sustainable development” and will use its role as the first South American country to chair the G20 group of major economies to combat protectionism.