Russia and China strongly criticized U.S. sanctions placed on Venezuela, with the former pledging to support the beleaguered President Nicolas Maduro. Russian Foreign Minister Sergei Lavrov said on Tuesday the sanctions completely undermined confidence in an international financial system that is dominated by the U.S., Russian news agency Interfax reported.
Latin American stocks rose on Tuesday, outperforming world stocks that struggled to hold gains ahead of keenly awaited U.S.-Sino trade talks, earnings of top technology companies and an impending U.S. Federal Reserve decision on interest rates.
The United States Justice Department has filed a host of criminal charges against Chinese telecoms giant Huawei and its chief financial officer, Meng Wanzhou. The charges against the world's second largest smart-phone maker include accusations of bank fraud, obstruction of justice and theft of technology.
The Security Council convened by the United States this Saturday to discuss the institutional and political crisis that Venezuela is experiencing has been lifted this afternoon. With a strongly polarized participation, the bloc that supports the transitional government of Juan Guaidó with the US at the head, faced the block that recognizes as legitimate the regime of Nicolás Maduro, headed by Russia and China. Latin American countries also expressed their positions, describing the case as a crisis that directly affects the region.
Russia on Thursday accused the United States of trying to usurp power in Venezuela and warned against a military intervention by confronting Washington and the European Union, which backed protests against one of Moscow's closest allies, Venezuelan partial recognized President Nicolás Maduro.
The United States and China are “miles and miles” from resolving trade issues but there is a fair chance the two countries will get a deal, U.S. Commerce Secretary Wilbur Ross said on Thursday.
The new chief executive of Goldman Sachs says that a difficult Brexit will negatively affect its investment plans in the UK. David Solomon told the BBC that while there has been a hiring freeze in the UK, the bank has been adding staff in the EU over the last two years.
Saudi Arabia has barred five Brazilian chicken processing plants from exporting to the Middle Eastern country, leaving 25 with valid export permits, Brazil’s meat trade association ABPA said, citing “technical” reasons. The Saudi move threw up a fresh hurdle for top exporter BRF SA and its rivals just a day after an anti-dumping dispute with China was resolved.
China and Europe take centre stage at Davos on Wednesday, a day after Brazil's hard-right President Jair Bolsonaro promised reform and respect for the environment to the world's business elite.
The chairman of Chinese tech giant Huawei has warned that his company could shift away from Western countries if it continues to face restrictions. Huawei has been under scrutiny by Western governments, which fear its products could be used for spying.