Papua New Guinea will start preliminary hearings on Sept. 19 into the terms of a A$1.2 billion ($810.5 million) loan from Swiss bank UBS used for an ill-fated government investment in the gas sector, the inquiry’s chairman said on Monday.
Global stocks were hit by U.S.-China trade frictions on Tuesday while the British pound flirted with 2 1/2-year lows as Prime Minister Boris Johnson indicated he could call an election to stymie lawmakers’ efforts to avert a no-deal Brexit.
Walmart Inc’s Mexico unit has begun offering delivery within three hours for certain home and tech products ordered online, it said on Monday, taking another step to try to best e-commerce rival Amazon.com Inc at speedy shipping.
In the early hours of Monday morning in Buenos Aires, before banks had opened their doors, winding lines of customers waited to withdraw savings after Argentina’s government imposed capital controls restricting dollar purchases and transfers.
Argentina’s central bank will maintain a tight monetary policy despite changes to recently implemented currency restrictions, central bank President Guido Sandleris said on Monday.
A World Bank arbitration panel lowered an initial $8.7 billion award to U.S. oil company ConocoPhillips as compensation for Venezuela’s 2007 expropriation of its assets to $8.5 billion, according to a decision dated August 29 posted online.
U.S. stock futures dove on Monday after Washington and Beijing placed new taxes on each other’s goods, while Argentina imposed capital controls and cast a new spotlight on emerging-market risks.
Hyundai Motor Co’s unionized workers in South Korea voted on Monday to accept the lowest bonus offered in nearly two decades amid widespread restructuring in the auto industry and a damaging trade dispute with Japan.
The Frankfurt Auto Show will champion sustainable driving and electric cars, Germany’s auto industry association said on Monday, as it seeks to head off protests from climate activists.
Argentine bond prices fell to record lows on Monday and a jittery peso see-sawed between losses and gains after the country imposed capital controls on Sunday in a bid to stem a currency rout that is sharpening the risk of default.
Saudi Arabia has named Yasir al-Rumayyan, head of the kingdom’s sovereign wealth fund, known as the PIF, as chairman of Aramco, replacing Energy Minister Khalid al-Falih, as the state oil giant prepares to go public.
Swedish telecoms operator Telia has offered concessions to allow rivals fair access to its TV channels to address EU antitrust concerns about its $957 million bid for Bonnier Broadcasting, an EU document seen by Reuters showed.
Russian Energy Minister Alexander Novak and his Iranian counterpart, Reza Ardakanian have discussed the development of joint energy investment projects during their meeting in Moscow on Monday, the Russian ministry said in a statement.
Argentina’s international bonds fell to record lows on Monday and peso got slapped down again after President Mauricio Macri imposed capital controls on Sunday after announcing the government would “re-profile” its debt by extending maturities.
Saudi Arabia has named Yasir al-Rumayyan, head of the kingdom’s sovereign wealth fund, known as the PIF, as chairman of state oil giant Aramco, replacing Energy Minister Khalid al-Falih, Bloomberg reported on Monday, citing an unnamed Saudi official.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
