Economy

• Tuesday, August 20th 2019 - 18:23 UTC

  US extends reprieve, allows Huawei to buy US components

  

  The United States will extend a reprieve that permits China’s Huawei Technologies to buy components from US companies to supply existing customers, the Commerce Department said on Monday, but it also moved to add more than 40 of Huawei’s units to its economic blacklist.

• Tuesday, August 20th 2019 - 02:40 UTC

  Airbnb revenue up 31% in first quarter and reached US$ 9.4bn

  

  Airbnb Inc recorded US$9.4 billion in total booking value in the first quarter, up 31% from the year-ago quarter, a key number that could help pull in investors as the home-sharing company plans its foray into the public market.

• Monday, August 19th 2019 - 22:07 UTC

  Trump admits Apple's CEO “made a good case” on impact of US tariffs on Chinese imports

  

  US President Donald Trump said on Sunday that he has spoken with Apple's chief executive Tim Cook about the impact of US tariffs on Chinese imports as well as competition from South Korean company Samsung.

• Monday, August 19th 2019 - 10:46 UTC

  China trusts Argentina and acquires 50% of lithium brine project in Jujuy

  

  China's Ganfeng Lithium , said on Sunday it had completed a US$ 160 million deal to raise its stake in the Cauchari-Olaroz lithium brine project in the northern province of Jujuy, Argentina to 50%.

• Monday, August 19th 2019 - 10:43 UTC

  Beijing wants the full integration of Hong Kong and Macau to Shenzhen industrial hub

  

  China’s State Council has called for greater development of the southern city of Shenzhen and the integration of its culture and economy with neighboring Hong Kong and Macau. The directive comes as anti-government protests in Hong Kong threaten the status of the Asian financial hub.

• Monday, August 19th 2019 - 09:25 UTC

  Peruvian peasants protest against Chinese oil company and set on fire offices

  

  A building in a northern Peruvian town was set on fire on Friday in a protest against China National Petroleum Corp that devolved into clashes between police and demonstrators who want the company to make pledges to help the local community, an industry source said.

• Monday, August 19th 2019 - 08:58 UTC

  Fernandez wants to renegotiate IMF loan terms, in current conditions Argentina can't repay its debts

  

  Opposition candidate, Alberto Fernandez, said that Argentina would struggle under present conditions to repay a loan to the International Monetary Fund and he would seek to renegotiate the repayment terms, according to an interview published on Sunday by the newspaper Clarin.

• Sunday, August 18th 2019 - 10:09 UTC

  Macri reshuffles cabinet: Argentina has a new Economy minister

  

  Argentine Economy Minister Nicolas Dujovne resigned on Saturday, capping a week of market chaos that followed President Mauricio Macri’s stunning loss in a primary vote. Apparently, his resignation was on the table since last Tuesday.

• Saturday, August 17th 2019 - 09:13 UTC

  Maduro and Guaidó fight for the Venezuelan prized Citgo refineries in the US

  

  The government of President Nicolas Maduro on Thursday nullified the newly named board of Venezuela’s prized Citgo refineries in the U.S. amid a political battle for control of the country, saying opposition leaders had no right to appoint them.

• Saturday, August 17th 2019 - 08:53 UTC

  Fitch downgrades Argentina's long term debt, fearing the risk of default

  

  Argentina's Peso ended a tumultuous week on Friday having shed 20% in its value against the dollar as Fitch cut the South American country's long-term debt by two notches, citing increased uncertainty and a rising risk of default.