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.
IMF Managing Director Kristalina Georgieva has stated she disagrees fundamentally with the findings and interpretations of an investigation of alleged irregularities she committed when she held a senior role at the World Bank.
By Irina Slav for Oilprice.com – China made headlines last week with the news that it was going to release some crude oil from its strategic petroleum reserve and sell it in a move Bloomberg called “an unprecedented intervention.”
Uruguay's Foreign Minister Francisco Bustillo Friday said that in addition to China there were several other countries interested in reaching one-on-one trade deals with his country.
Leaders of the five BRICS countries (Brazil, Russia, India, China, South Africa) Thursday agreed on the use of science-based methods to determine the origin of the SARS-CoV-2 virus which causes COVID-19.
Uruguay's President Luis Lacalle Pou Tuesday announced his country had begun negotiations with China to reach a Free Trade Agreement (FTA), which has been regarded as the beginning of the end of Mercosur.
Brazil' Ministry of Agriculture confirmed over the weekend the existence of two atypical cases of Bovine Encephalopathy Spongiform, BES, commonly known as mad cow which triggered the immediate temporary suspension of beef exports to China from Sunday 5 September, according to an official release.
Brazil's National Supply Company, Conab, anticipated forecasts for the coming grains and oilseeds season 2021/22. The soy crop is expected to reach some 141,26 million tons or a 3.9% increase over the current harvest.
China has implemented strict regulations regarding video gaming by minors below 18, which will be limited to three hours a week to combat what authorities have described as the spiritual opium.
While Uruguay's National Meat Institute (INAC) eyes China, Saudi Arabia and Hong Kong as the clients to target, the latter has already recorded an increase of 13% in both volume and revenues in purchases from Paraguay, according to a Central Bank (BCP) report released this week.