Investments

• Sunday, September 15th 2013 - 18:10 UTC

  China in ‘crucial’ restructuring stage, ‘much needed to sustain economic growth’

  

  China's economy is going through a “crucial” stage of restructuring, says the country's Premier, Li Keqiang. Speaking at the World Economic Forum in the Chinese port city of Dalian, Mr Li pledged to improve relations with foreign firms.

• Sunday, September 15th 2013 - 18:03 UTC

  Spain’s public debt hits a record high in June equal to 92.2% of GDP

  

  Spain's public debt reached a record high in June, the country's central bank said. The figure has risen to 942.8bn Euros, equal to 92.2% of the country's entire economic output, the bank said. This is nearly 15% higher than the same period last year and above the Spanish government's target limit of 91.4%, despite severe public spending cuts.

• Sunday, September 15th 2013 - 18:01 UTC

  Twitter has decided to go public; private investors estimates: over 10bn dollars

  

  Twitter has decided to go public. The company aptly announced on its short messaging service Friday afternoon that it has filed documents for an initial public offering of stock. San Francisco based Twitter Inc. posted on its official Twitter account that it has “confidentially submitted an S-1 to the SEC for a planned IPO.”

• Sunday, September 15th 2013 - 17:54 UTC

  UK confirms plans to privatize the iconic postal service: tough battle ahead

  

  Britain’s coalition government has confirmed plans to privatize the country’s iconic 497-year-old state-owned postal service, Royal Mail, a move fiercely opposed by postal unions who have already suggested they will hold rolling strikes over the sell-off. The sale would be one of the most significant privatizations in Britain since the 1990s.

• Friday, September 13th 2013 - 02:29 UTC

  Aerolineas Argentinas admits to annual losses of 250 million dollars

  

  Argentina’s flag carrier Aerolíneas Argentinas will have this year an operational deficit of 250 million dollars, approximately 12% of sales, but a sharp decrease from the 640 million loss last year, said CEO Mariano Recalde addressing Senate Budget, Finance, Infrastructure, Housing and Transport committees.

• Friday, September 13th 2013 - 02:21 UTC

  UPM assessed as industry leader in environmental sustainability

  

  Finland’s energy and pulp UPM group has again been named among the world's sustainability leaders. The company has retained its position in both the Dow Jones European and World Sustainability Indices (DJSI) for 2013-2014. Furthermore, the company has been assessed as the industry leader in environmental sustainability within the Paper and Forest Products sector with top scores.

• Friday, September 13th 2013 - 01:38 UTC

  Argentina has access to 1.5bn dollars from IDB to improve metropolitan railways

  

  The Inter-American Development Bank (IDB) approved a conditional credit line for 1.2 dollars billion to finance a program to improve metropolitan railroads in Argentina. The Bank also approved the first loan in the credit line for 300 million dollars for the Plaza Constitucion-La Plata branch of the General Roca railroad, which will benefit 2.4 million people in the Buenos Aires metropolitan area.

• Friday, September 13th 2013 - 00:43 UTC

  US farmers’ agri-business cooperative opens office in Montevideo

  

  CHS Inc., a United States farmer-owned cooperative and a global agribusiness, announced it has opened an office at Montevideo, Uruguay, making it the fourth South American nation in which CHS has operations.

• Thursday, September 12th 2013 - 02:01 UTC

  Second pulp mill in Uruguay delays beginning production until next year

  

  The second pulp mill in Uruguay, Montes del Plata is not expected to begin operations until the first half of next year, according to the latest reports from the same corporation which is an association of Chile’s Copec and Finland’s Stora Enso.

• Thursday, September 12th 2013 - 01:55 UTC

  Spanish government recommends Repsol ‘negotiations’ with Argentina over YPF

  

  Spanish Foreign minister Jose Manuel Garcia-Margallo said that the ‘best solution’ for Spain and Argentina on the dispute over the seizure of a majority stake of YPF from Repsol is “negotiations” and emphasized that Madrid will back Spanish corporations in what it ‘considers convenient’.