Investments

• Friday, August 23rd 2019 - 09:40 UTC

  Norway's Equinor and YPF team up to explore Argentina offshore block

  

  Norway Equinor’s executive vice president for Exploration, Tim Dodson, and YPF's CEO Daniel Gonzalez have signed an agreement to jointly explore the CAN 100 offshore block, located in the North Argentine Basin.

• Friday, August 23rd 2019 - 08:45 UTC

  Chile's Week in China starts on 29 August in Beijing and Shanghai

  

  From August 29 to September 3, Chile will celebrate nearly 49 years of diplomatic and economic cooperation with China by staging the 5th annual Chile Week in China celebration in Beijing and Shanghai, which will feature senior Chilean government delegates led by former President Eduardo Frei, leaders of Chilean industry and dozens of economic, cultural and consumer-focused events.

• Thursday, August 22nd 2019 - 20:36 UTC

  Mercedes Benz plans to build heavy trucks in China in alliance with JV partner

  

  German automaker Daimler AG plans to build Mercedes Benz-branded heavy trucks in China by revamping truck plants owned by its local joint venture. The plan will deepen the alliance between Daimler and its Chinese truck JV partner, Beiqi Foton, and comes after the purchase of a 5 percent stake in Daimler last month by its Mercedes Benz passenger car partner, Beijing Automotive (BAIC), Foton's parent group.

• Thursday, August 22nd 2019 - 09:55 UTC

  Argentina default “possible”, but not “probable”, says credit rating agency Fitch

  

  Argentina could be downgraded again by Fitch Ratings if further weakness in the Peso boosts the risk of default, the agency’s head of sovereign ratings said in an interview. Argentina has issued billions of dollars worth of bonds denominated in U.S. currency.

• 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.

• Monday, August 19th 2019 - 09:53 UTC

  Falkland Islander will be one of the captains of Australia's new state of the art icebreaker

  

  Australia’s new icebreaker, RSV Nuyina, is scheduled to make its maiden voyage to Antarctica in 2020-21. Two captains have already been named to lead the alternating crews operating the new vessel. They are Captain Scott Laughlin and Falkland Islander Captain Paul Clarke, both with experienced track records working in the Southern Ocean.

• 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.

• Saturday, August 17th 2019 - 09:29 UTC

  Steel has been cut for the Royal Navy’s second Type 26 frigate, HMS Cardiff.

  

  The ceremony held at BAE System’s shipyard in Govan this week, on the River Clyde, marks a milestone for the Global Combat Ship program. Minister for Defense Procurement, Anne-Marie Trevelyan, pressed the button to start the plasma-cutting machine to work on a plate of steel which will form part of the unit which holds stores.

• 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 - 07:40 UTC

  Trump's attempt to purchase Greenland, puts the Arctic in the geostrategic global map

  

  President Donald Trump's reported wish to buy Greenland may have been rejected by Denmark, but it underscores the rapidly rising value of the massive, ice-covered island due to global warming and to China's drive for an Arctic presence.