United States president Donald Trump and Chinese leader Xi Jinping will meet on Saturday in Argentina on the sidelines of a Group of 20 summit in Buenos Aires, a U.S. media outlet reported on Monday. The two leaders will meet a day after the United States, Mexico and Canada sign a new trilateral trade agreement, the online edition of Inside U.S. Trade said.
President Donald Trump does not like the news that General Motors would close several plants and cut more some 14,000 jobs. Speaking to reporters on the White House lawn on Monday afternoon, Trump said he spoke with CEO Mary Barra and told her he wasn't happy with the decision. I told her I'm not happy about it, Trump told reporters.
Italy's government says it will stick to its high-spending budget plans, setting up a potential stand-off with the European Union over its deficit. PM Giuseppe Conte, who held talks with deputies Matteo Salvini and Luigi Di Maio on Monday, said the objectives for 2019 had already been fixed.
Brazil's jailed ex-president Lula da Silva's legal troubles mounted on Monday as he was accused by the Sao Paulo public prosecutor's office of money laundering in his dealings with Equatorial Guinea.
Argentina's state-run Banco Nación President Javier González Fraga admitted borrowing from abroad is a possibility to face the current liquidity shortage, it was reported.
With international tensions on trade set to come to a head at the Group of 20 Leaders Summit next weekend, Argentina is hoping to find agreement on improving global stability, even if deep disagreements remain. Foreign Minister Jorge Faurie said the November 30-December 1 meeting in Buenos Aires should stress the importance of trade itself, at a time that the former consensus against protectionism breaks down.
After the end of the European Council meeting, the Permanent Representative of the United Kingdom to the European Union, Ambassador Sir Tim Barrow, has written to the Secretaries General of the Council and Commission of the European Union.
Argentina's foreign minister Jorge Faurie said that this week's G20 leaders' summit in Buenos Aires not only will it be historic since for the first time a meeting of such significance is taking place in South America, but also because of the symbolic reconciliation and constructive attitude between Argentina and the United Kingdom referred to the Falklands/Malvinas Islands.
Cash-strapped Venezuela settled a US$1.2 billion arbitration claim that will prevent a creditor from stripping away its crown jewel foreign asset, the U.S.-based Citgo Petroleum Corp refining business, according to Canadian court documents.
President-elect Jair Bolsonaro said his government would not send back the tens of thousands of Venezuelans who have sought refuge in Brazil from the economic breakdown in their populist ruled homeland.