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MercoPress, en Español

Montevideo, July 1st 2025 - 13:09 UTC

Tag: China

  • Wednesday, September 3rd 2014 - 22:17 UTC

    China expanding its investments in Argentina's South Atlantic fisheries

    Argentina's head of Fisheries department is in Shanghai and met with private companies and government officials

    China is interested in investing in Argentine port infrastructure and in setting up companies with access to the South Atlantic fisheries, according to reports from Shanghai where an Argentine top level delegation is currently negotiating in the framework of the China-Argentina cooperation agreement.

  • Wednesday, September 3rd 2014 - 06:37 UTC

    Kicillof in China to confirm loans and a much needed swap dollars

    YPF CEO Galuccio, the powerful Economy minister Kicillof and Minster De Vido

    Credit strapped Argentina is wooing Beijing and with this purpose Economy Minister Axel Kicillof, Planning Minister Julio De Vido and YPF oil company CEO Miguel Galuccio are currently on an official trip to China, aimed at gathering funding for public works including two dams and one nuclear power plant.

  • Monday, September 1st 2014 - 16:49 UTC

    China's manufacturing misses expectations in August; stimulus considered

    The official data measures activity in China's bigger factories, many of which are government-backed businesses.

    China's manufacturing activity missed expectations in August, indicating that the country's economy may be losing momentum and require more stimulus. The official purchasing managers index (PMI) fell to 51.1 for the first time in seven months from 51.7 in July, the National Bureau of Statistics said.

  • Friday, August 29th 2014 - 08:07 UTC

    Singer extends 'discovery' looking for Argentine assets in Chinese banks

    While the Chinese banks can oppose the request, Singer's Elliott is confident that the US courts would ultimately allow its request to go through.

    As it did in Nevada and California, a unit of billionaire Paul Singer's Elliott Management, which is Argentina's main holdout creditor, is extending its legal fight with the country to China. NML Capital served subpoenas this week to Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC) in an effort to obtain information on 6.8bn dollars in financing for deals signed by the two countries in July.

  • Tuesday, August 19th 2014 - 08:20 UTC

    South Korea was a feast, but more important China warmed up to Pope Francis

    “I invoke divine blessings upon your land” said the telegram sent by pope Francis to China's Jingping Xi

    Pope Francis ended his first official visit to Asia on Monday with a fresh overture to China and a call for reconciliation between South Korea and its totalitarian neighbor, North Korea. As the pope flew across Chinese airspace on his return flight to Rome, he sent a telegram — his second during the trip — to President Xi Jinping, expressing his “divine blessings” for the powerful leader and the Chinese people.

  • Monday, August 18th 2014 - 07:16 UTC

    Mixed data from China, and doubts about the 7.5% growth target for 2014

    China's central bank has also made more cash available for banks engaged in lending to agriculture-related businesses and small companies

    China's latest industrial production and retail sales figures are higher in July from one year ago but the pace of expansion has slowed. Industrial production, a measures of output at factories, workshops and mines jumped 9% in July, compared to a 9.2% rise in June. Retail sales in July rose by 12.2%. But that's also below June's 12.4% spike.

  • Thursday, July 24th 2014 - 06:42 UTC

    Xi's Latam visit ends in Cuba where China consolidated trade and financial relations

    “China and Cuba being socialist countries, we are closely united by the same missions, ideals and struggles,” said Xi

    Chinese President Xi Jinping ended on Wednesday an eight-day trip through Latin America with a visit to eastern Cuba, where both the island's independence struggle against Spain and Fidel Castro's revolution began.

  • Tuesday, July 22nd 2014 - 23:17 UTC

    China outdated meat supplier scandal hits McDonald's and KFC

    Shanghai Husi is the Chinese unit of US-based food supplier OSI Group, which has been providing “high-quality products to McDonald's China” since 1992.

    Chinese branches of fast food chains, including McDonald's and KFC, have stopped using meat from a supplier in Shanghai following allegations it sold them out of date meat. According to Xinhua, the state-owned news agency, authorities in Shanghai have ordered the suspension of operations at Shanghai Husi Food Co.

  • Tuesday, July 22nd 2014 - 06:39 UTC

    China/Argentina swap disagreements to be addressed by courts in London and Paris

    Xi and Cristina celebrate, but any differences on the swap will not be decided by Argentine or Chinese courts

    Argentina's current confrontation in New York with Judge Thomas Griesa and the holdout speculative funds brings up the issue of having resigned the sovereignty of Argentine courts at the time of negotiating or restructuring foreign debt.

  • Tuesday, July 22nd 2014 - 06:25 UTC

    Venezuela admits its ever growing dependency from China

    “Venezuela has become one of the places most committed to investments from China and the seventh supplier of oil” said Xi

    Venezuela confirmed Monday that its relations with China have become a fundamental pillar for making progress in almost all sectors of its economy. With a new portfolio of accords and almost 5.7 billion in loans, Beijing will provide support in many key areas.