International News

ALGIERS / Reuters Officials from Algeria, the European Union and energy firms meet in Algiers on Tuesday in an attempt to get their energy cooperation back on track and find ways to pump more gas north again after years of dwindling exports. Algeria is seen as a natural partner for the European Union as it looks to diversify energy supplies ...

  Bloomberg Latin America’s post-populist shift is persuading the world’s biggest emerging-market bond investors to put more money in the region, and there are signs that eastern Europe is paying the price. Franklin Templeton’s $51 billion Global Bond fund nearly doubled holdings in Brazil, Mexico and Colombia to more than 30 percent in the six months to March 31, according ...

  Bloomberg Rising global waves of protectionism are a concern to Canada and underscore the need not to rush ratification of the Trans-Pacific Partnership trade pact, Trade Minister Chrystia Freeland said in an interview in Tokyo on Tuesday. Freeland’s remarks came after she joined Prime Minister Justin Trudeau in meetings with Japanese auto executives. Trudeau will join other global leaders ...

  Bloomberg Coca-Cola Co. is halting production of sugar-sweetened beverages in Venezuela as the company’s namesake soda pop becomes the latest victim of a lack of raw materials in the cash-strapped country. The iconic drink is the latest to join a group of basic products becoming scarce in a country beset by currency controls, goods shortages and the world’s highest ...

  Bloomberg Brazilian education and construction companies dropped on speculation the administration of interim President Michel Temer will seek to cut the social programs they depend on for revenue. Kroton Educacional SA and Estacio Participacoes SA, the country’s two biggest for-profit university operators, were among the worst performers on the Ibovespa stock index after Folha de Sao Paulo newspaper reported ...

  Tehran / AFP India is to open a $500-million line of credit to develop Iran’s Chabahar port into a regional trading hub, visiting Indian Prime Minister Narendra Modi said on Monday in Tehran. “The bilateral agreement to develop the Chabahar port and related infrastructure, and availability of about $500 million from India for this purpose, is an important milestone,” ...

  Tokyo / AFP The yen picked up on Monday after the G7 wagged its finger at Japan over threats to weaken its currency, reminding Tokyo of previous commitments not to intervene in forex markets. The currency clash was in the spotlight as finance ministers from the club of rich nations met in northern Japan at the weekend for two ...

  Beijing/ Bloomberg A group of Chinese investors agreed to buy Aixtron SE, a German supplier of semiconductor equipment, for about 670 million euros ($752 million), giving the manufacturer a chance to boost sales by expanding in Asia. The deal values Aixtron at 6 euros a share, the equipment maker said Monday in a statement. That’s 25 percent more than ...

  Shanghai / AFP The controversial boss of Chinese solar energy firm Hanergy Thin Film Power Group has stepped down as chairman and executive director, the company said, almost a year after its shares imploded. Li Hejun stepped down “for the reason of strengthening corporate governance”, Hanergy said in a statement to the Hong Kong stock exchange, where its shares ...

  Beijing / AFP Chinese authorities are exploring new ways of imposing controls on the Internet, state-run media cited experts as saying on Monday, after reports said state-owned enterprises may be encouraged to take stakes in video streaming websites. The Communist country restricts access to foreign websites including Google, Facebook and Twitter with a vast control network dubbed the Great ...