Investments

Wednesday, September 22nd 2021 - 09:20 UTC
OECD down plays impact of China's mega group Evergrande possible downfall

“We believe the Chinese authorities have the fiscal and monetary capacity to ”shock absorb“ giant real estate promoter Evergrande”, said OECD chief economist Laurence Boone.
Wednesday, September 22nd 2021 - 09:08 UTC
Walmart brand leaves Argentina, stores renamed under local ownership

The worldwide famous Walmart brand is saying goodbye to Argentina as its stores are being repainted following the chain's buy over by Colombian-born local businessman Francisco De Narváez.
Wednesday, September 22nd 2021 - 08:30 UTC
Shell Oil is selling its US Permian assets to ConocoPhillips

By Irina Slav for Oilprice.com – Oil super-major Shell is leaving the Permian with a divestment worth close to US$10 billion. The company said it will sell its assets in the shale play to ConocoPhillips for a total price of US$9.5 billion.
Tuesday, September 21st 2021 - 08:55 UTC
World markets sink on fears of a Chinese version of “Lehman Brothers 2008 bankruptcy”

Asian stocks sank on Monday amid fears of a potential collapse of the beleaguered Chinese real estate company Evergrande could lead to a wave of defaults in China's bloated housing market that could extend from the second-largest economy to the rest of the world. The company must pay this week interests on loans and bonds and experts fear it will not be able to honour creditors.
Tuesday, September 21st 2021 - 08:50 UTC
Chinese giant Evergrande's debt spreads fears among world markets

As the Chinese Evergrande Group falls into debt some regards as an encore of the Lehman Brothers crisis of 2008, markets around the globe have begun to brace for the worst despite little signs of encouragement in the opposing sense.
Tuesday, September 21st 2021 - 08:50 UTC
IAATO preparing for the season with tour operators and Antarctica Gateways

The International Association of Antarctica Tour Operators (IAATO) is preparing for the start of the Antarctic travel season following months of discussion and collaboration with Antarctic gateways.
Tuesday, September 21st 2021 - 07:00 UTC
Chilean engineer head of Porsche's Motorsport as of October

A Chilean born engineer, Thomas Laudenbach, 53, will be the new director of Porsche Motorsport, the competition department of the famous German auto company. He will replace, as of next October first, Fritz Enzinger who has commanded the department since 2011 with several successes.
Monday, September 20th 2021 - 08:55 UTC
Bradesco, one of Brazil's top leading banks is leaving Argentina

Bradesco, Brazil's second-largest private bank is ceasing operations in Argentina. Mainly a commercial bank that works with corporations and foreign trade, Bradesco joins a long list of companies that stopped making business in Argentina and have left or are leaving.
Monday, September 20th 2021 - 08:50 UTC
Frozen potatoes plant in Argentine city of Mar del Plata foresees exports worth US $ 120 million

The Sociedad Comercial del Plata (SCP) plant in the Argentine city and port of Mar del Plata has announced that following their deal with US company Lamb Weston to build a plant in the General Savio Industrial Park for the production of frozen pre-fried potatoes, a 60% increase in exports was to be expected.
Saturday, September 18th 2021 - 09:10 UTC
Argentine budget includes funds for the purchase of fighter jets from Pakistan

Argentina intends to purchase 12 JF-17A Block III fighters from Pakistan according to a draft budget presented to the nation's congress. The news was disclosed on several media webs, including ukdefensejournal.