Investments

Investments
Monday, May 25th 2015 - 07:21 UTC

Mexico compensates China for cancelling high-speed rail contract

The deal was called off over controversy in the bidding process. Mexico re-launched the bid earlier this year, but that was cancelled for a second time.

Mexico will compensate China Railway Construction Corporation (CRCC) $1.31m for cancelling a $3.75bn high-speed rail contract. CRCC was at the head of a consortium that had won the project last year, which was abruptly revoked shortly after being awarded.

Monday, May 25th 2015 - 06:25 UTC

Bachelet underlines close economic and political ties of Chile with China

“I think we are in very good standing to continue making progress in various economic and trade fields” said Bachelet

Chile and China have enjoyed a positive and fruitful relationship and bilateral ties will further develop very strongly in the future, anticipated Chilean President Michelle Bachelet during an interview with Xinhua prior to Chinese Premier Li Keqiang's upcoming visit

Monday, May 25th 2015 - 06:20 UTC

Li Keqiang in Chile pledges to lift strategic partnership to a new height

Li will hold talks with President Bachelet and attend an economic and trade symposium on occasion of the 45th anniversary of bilateral diplomatic ties.

Chinese Premier Li Keqiang arrived in Santiago on Sunday for an official visit to Chile, the first South American country with which China forged diplomatic ties (1970) and also the first Latin American nation with which China signed a free trade agreement.

Sunday, May 24th 2015 - 08:13 UTC

Obama and Putin congratulate Cristina Fernandez and Argentina on 25 May, National Day

Cristina Fernandez at the launching of the May Week celebrations

US President Barack Obama and his Russian counterpart, Vladimir Putin, have sent letters to President Cristina Fernández to salute the head of state and congratulate the Argentine people on the anniversary of the May Revolution.

Saturday, May 23rd 2015 - 10:27 UTC

China and Peru agree to study feasibility of transcontinental railroad

Premier Li Keqiang meets President Ollanta Humala after arriving in Lima

China and Peru have agreed to study the feasibility of a controversial 5,300 km transcontinental railroad that will connect Peru's Pacific coast with Brazil's Atlantic coast, China's official Xinhua News Agency reported.

Friday, May 22nd 2015 - 08:52 UTC

PM Li Keqiang in Bogotá: China and Colombia considering free trade accord

President Santos received PM Li at the Nariño Palace for a first round of talks and signed deals providing scholarships for 200 Colombians to study in China

Chinese Premier Li Keqiang vowed to deepen economic ties with Colombia after arriving to Bogotá on Thursday, as part of his four-nation South American tour aimed at boosting trade and investment. Li is the highest-ranking Chinese official to visit Colombia since the two nations established diplomatic ties 35 years ago and his visit was hailed as historic by President Juan Manuel Santos.

Wednesday, May 20th 2015 - 05:44 UTC

Beijing to the rescue of sliding Brazil: 53bn dollars in trade, finance and investment

Li and Rousseff announced the Industrial and Commercial Bank of China, will set up a 50bn fund with Caixa Econômica Federal, for infrastructure projects

Beijing has come to the rescue of Brazil's slumping economy with trade, finance and investment deals worth at least 53 billion dollars in energy, mining, aviation and upgrading of dilapidated infrastructure.

Tuesday, May 19th 2015 - 07:33 UTC

Chinese PM in Brasilia; Beijing prepared to invest 100bn in transport and energy

PM Li Keqiang will be meeting with President Rousseff Tuesday in Brasilia and sign a raft of agreements before flying to Rio do Janeiro  (Pic Xinhua)

China's Premier Li Keqiang arrived in Brasilia on Monday to sign agreements on infrastructure, energy and aviation that experts say could reach 100 billion dollars. The South American tour also includes Colombia, Peru and Chile and aims to restructure China's resource-driven trade with Latin American countries by including more value-added products.

Monday, May 18th 2015 - 05:03 UTC

Falklands' Borders & Southern releases encouraging technical update of Darwin gas/condensate discovery

B&S explorer now estimates the combined Darwin East and Darwin discovery contains 360mln barrels of recoverable gas condensate.

Borders & Southern has issued a technical update on its Darwin gas/condensate discovery south of the Falkland Islands and near-field prospectivity. The goal was to improve understanding of the Darwin reservoir interval, both within and surrounding the discovery and also its projected facies trend along the Aptian shelf

Saturday, May 16th 2015 - 07:46 UTC

Levy tries to convince investors in London that Brazil slowdown is temporary

Levy reiterated that the government is sticking to its primary surplus target of 1.2% of GDP, something the IMF said is crucial to regain investors’ confidence.

Brazilian Finance Minister Joaquim Levy said he expected the country’s economic slowdown to be temporary and that fiscal discipline remained central to ensuring the recovery as a commodity price boom waned. Addressing investors in London, Levy said fiscal discipline was needed to cushion the economy against the inflationary effects of the falling Real currency.

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