Investments

Tuesday, August 27th 2019 - 08:18 UTC
Questioned at G7, Trump defends his negotiating style with China: “Sorry it's the way I do it”

Crushing off concerns about global economic instability, US President Donald Trump on Monday defended the way he is trying to squeeze a trade deal out of China, saying it's what worked for him in business.
Tuesday, August 27th 2019 - 07:50 UTC
Leonarod Di Caprio's Earth Alliance donates US$ 5 million to help Amazon indigenous communities

Leonardo Di Caprio's environmental organization is putting US$5m towards helping the Amazon rainforest after the recent surge in fires there. Earth Alliance will give the money to local groups and indigenous communities as they work to protect the Amazon.
Monday, August 26th 2019 - 19:02 UTC
Trump to hold off from a further tariff escalation in the trade war with China, admits “second thoughts”

President Donald Trump on Sunday denied that his trade war with China is causing friction at the G7 summit, but indicated he will hold off from a threatened further escalation for now. “I think they respect the trade war. It has to happen,” Trump told reporters in Biarritz, France, where he was meeting with other leaders of the G7 group.
Saturday, August 24th 2019 - 09:54 UTC
IMF mission arrives to Argentina this Saturday: US$ 5.3bn disbursement to be considered

Delegates from the International Monetary Fund (IMF) land in Buenos Aires Saturday as concerns about Argentina’s economy cast doubt upon the future of its record US$56 billion bailouts. The date of the trip was agreed with the Argentine central bank chairman, Guido Sandleris.
Friday, August 23rd 2019 - 09:40 UTC
Forest fires in Bolivia: half a million hectares, 1.700 fighters and a Super tanker

Bolivian authorities warned this week that 70% of the department of Santa Cruz — where more than a quarter of the country's population lives — is under “extreme risk” from forest fires. According to the government, nearly 500,000 hectares of forest have now been turned into ashes.
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.