Investments

• 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.

• Saturday, August 17th 2019 - 07:00 UTC

  Trump reveals “productive” trade talks with Beijing and anticipates a “fairly short war”

  

  US President Donald Trump said on Thursday that U.S. and Chinese negotiators were holding “productive” trade talks and expected them to meet in September despite U.S. tariffs on over US$125 billion worth of Chinese imports taking effect Sept 1.

• Saturday, August 17th 2019 - 06:47 UTC

  Bolsonaro administration has privatized some US$ 20bn of assets

  

  Brazil has privatized nearly US$ 20bn of assets and investments since the election of right-wing president Jair Bolsonaro, according to a government minister. Secretary of state for privatization, divestment and markets Salim Mattar announced that the government’s sweeping program of privatization was going as planned.