Category: Extra News

Mexico Rejects Special Benefit in NAFTA for AT&T

Mexico shot down a proposal by the United States to include provisions in the North America Free Trade Agreement that would benefit AT&T, Mexico’s Economy Minister Ildefonso Guajardo said Wednesday. “AT&T, which is North American, asked its government to reflect its interests in the negotiation,” Guajardo said in an interview …

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Shrinking GE Rattles Investors, Shares Hit 5-year Low

General Electric’s new Chief Executive John Flannery on Monday outlined steps that will turn the biggest U.S. industrial conglomerate into a smaller, more focused company, surprising some investors who sold the company’s shares to a five-year low. Flannery’s plan to shrink GE’s multi-industry array of businesses was a reversal of …

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Mexico Readying Economic Response if US Exits NAFTA

Mexico’s government is preparing a macroeconomic response in case U.S. President Donald Trump makes good on threats to quit the North American Free Trade Agreement (NAFTA), an event which could wreak havoc on the Mexican economy and hurt the peso. Mexico’s Foreign Minister Luis Videgaray said on Monday the government …

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Seeking to Dodge Default, Venezuela Hosts Creditors

Venezuela’s socialist government welcomed scores of creditors on Monday for talks intended to renegotiate a crippling foreign debt and avert a default that could compound the once-prosperous OPEC nation’s economic crisis. About 100 investors — including some bondholders from New York, and lawyers and representatives for others — gathered at …

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Qualcomm Rejects Broadcom’s $103B Takeover Bid

Mobile chipmaker Qualcomm on Monday rejected rival Broadcom Ltd.’s $103-billion takeover bid, saying the offer undervalued the company and would face regulatory hurdles. Shares of Qualcomm rose as much as 2.5 percent to $66.17, while those of Broadcom fell as much as 1.3 percent to $261.55. “The Board has concluded …

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Venezuela Sets Foreign Debt Meeting for Monday Afternoon

Venezuela’s foreign debt renegotiation committee will meet with creditors at 2 p.m. (1800 GMT) on Monday at the government’s “White Palace” in downtown Caracas, the finance minister said on Saturday. “Once again, we invite investors to register their participation in this meeting,” Simon Zerpa, who is also the finance boss …

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Dubai Air Show Opens With Emirates’ $15.1B Boeing Buy

The biennial Dubai Air Show opened Sunday with hometown long-haul carrier Emirates making a $15.1 billion buy of Boeing 787-10 Dreamliners, as the world’s biggest defense companies promoted their weapons amid heightened tensions between Saudi Arabia and Iran. Other airlines also are taking part, but missing from the trade show …

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US Again Raising Beef for Chinese Consumers

Ranchers in the Midwestern U.S. state of Nebraska are raising beef for tables in China, reopening trade suspended more than a decade ago during concerns over mad cow disease. From Nebraska, VOA reporter Abby Sun tells us how U.S. beef producers are changing to meet Chinese food-safety requirements. …

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Falling Cocoa Prices Hit African Farmers

The large drop in global cocoa prices has hurt African farmers, leading some to abandon their plantations. In Cameroon, however, cocoa producers are mapping out ways to encourage more local processing. At Nkog-Ekogo in the center region of Cameroon, a cocoa post-harvest processing and treatment center is inaugurated. Farmer Petronella …

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