International News

  Buenos Aires / AFP An International Monetary Fund mission will go to Argentina to assess the state of the country’s economy, the government said. The economists, who will arrive Monday, aim to “gather information and exchange opinions with government officials, members of the private sector, members of Congress and civil organizations,” according to a statement from the Ministry of ...

  Bloomberg Brazil’s real rose as positive sentiment generated by President Michel Temer’s veto of a wage increase for some public workers overcame a rout in emerging-market currencies. The real climbed 1.2 percent to 3.2629 per dollar in Sao Paulo, after earlier dropping by as much as 0.5 percent. The currency outperformed its Latin American peers— the Mexican peso was ...

  Bloomberg China General Nuclear Power Corp., the country’s biggest nuclear power operator, has been invited to make a second-round bid for Chevron Corp.’s Asian geothermal energy assets, which could fetch $3 billion, according to people with knowledge of the matter. Jakarta-based PT Medco Power Indonesia is considering joining a separate shortlisted consortium that includes Japanese trading house Marubeni Corp. ...

  Bloomberg Temasek Holdings Pte, the Singaporean state-owned investment group, is among the bidders for Learfield Communications Inc., people familiar with the matter said. Temasek is in the second round of the Learfield auction, as are entertainment and sports talent group Creative Artists Agency LLC and Thomas H. Lee Partners, said the people, who asked not to be identified because ...

  Ashgabat/ AFP Turkmenistan’s President Gurbanguly Berdymukhamedov on Saturday hailed his country’s “solid transit potential” as he unveiled an international airport worth over $2 billion in the capital Ashgabat. Berdymukhamedov said the new airport’s two passenger terminals would have the capacity to serve 17 million passengers a year while the freight terminal could handle 200,000 tons of freight annually. The ...

  Bloomberg China’s holdings of U.S. Treasuries fell in July to the lowest level in more than three years, as the world’s second-largest economy pares its foreign-exchange reserves to support the yuan. The biggest foreign holder of U.S. government debt had $1.22 trillion in bonds, notes and bills in July, down $22 billion from the prior month, in the biggest ...

  Bloomberg Indonesians have declared 117.3 trillion rupiah ($8.9 billion) of assets held in Singapore under the government’s tax amnesty, though only a small proportion of that figure has been brought back home, Indonesia’s Finance Ministry said. Of the total Singapore assets declared to the Indonesian government as of Sept. 15, only 14.1 trillion rupiah, or about 12 percent, has ...

  Bloomberg More than 6,000 workers cycle through the world’s biggest nuclear plant every day to operate and maintain a facility that hasn’t sold a kilowatt of electricity in more than four years. The buzz at Tokyo Electric Power Co. Holdings Inc.’s Kashiwazaki-Kariwa plant plays out daily across Japan, where utilities employ thousands of workers and spend billions of dollars ...

  Bloomberg Have you been mixing up your Chinese debt with your Chinese leverage? If so, economists at Nomura Holdings Inc. want you to stop that right now. In a note published this week, they argue that the conventional wisdom that “debt” and “leverage” are basically the same doesn’t really work for the world’s second-largest economy. In fact, the two ...

  Bloomberg A Singapore-based shipping trust that operates container ships is asking creditors for leniency on about $253 million of debt, in the latest sign of debt woes in the industry and in the city-state. Rickmers Maritime won’t be able to repay $179.7 million of senior debt due in March 2017 and the interest and principal on S$100 million ($73.3 ...