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Adam Jourdan

Tightening the screws: Wall Street eyes high rates, peso strength after Argentina's hawkish turn

15 Mar 2019

BUENOS AIRES Argentina's world-high interest rates are likely to stay elevated, while its currency could be bolstered by central bank moves to tighten monetary policy, Wall Street analysts said on Friday after the country unrolled measures to bring down inflation.

Argentina's billion-dollar buying spree reins in peso, rates

19 Feb 2019

BUENOS AIRES Argentina's central bank, looking to rein in a stronger peso, has snapped up close to 1 billion U.S. dollars in the last month, helping trim back sky-high interest rates and top up dollar reserves that could combat economic and political uncertainty as an election fight starts to brew.

Exclusive: China ride-hailing giant Didi plans Chile, Peru launches to take on Uber

16 Feb 2019

SANTIAGO/BUENOS AIRES Chinese ride-hailing giant Didi Chuxing is planning to take on U.S. rival Uber in some of Latin America's fastest-growing markets, recruiting managers in Chile, Peru and Colombia, according to job postings and a company official.

Tens of thousands march in Buenos Aires against austerity, tariffs

13 Feb 2019

BUENOS AIRES Tens of thousands of demonstrators blocked major roads in Buenos Aires on Wednesday as they marched to protest high unemployment and the policies of centre-right Argentine leader Mauricio Macri, including cuts to public utility subsidies.

At China port, tariff drop a salve for hard-hit traders of American cars

10 Jan 2019

TIANJIN, China/SHANGHAI In the Chinese port city of Tianjin, gray market traders of American-made cars, badly stung by a scything trade war and punitive tit-for-tat tariffs, are scrambling to take advantage of an opportunity they fear may prove only temporary.

Exclusive: China's HNA touts assets for sale as funding crunch intensifies

08 Jan 2019

BEIJING/SHANGHAI China's indebted HNA Group met bankers on Tuesday to tout the latest assets that the sprawling conglomerate is putting on the block as it looks to raise funds and stave off an intensifying cash crunch.

Tesla CEO Musk breaks ground at Shanghai Gigafactory to launch China push

07 Jan 2019

SHANGHAI/BEIJING Tesla Inc broke ground on Monday for its Shanghai Gigafactory where it plans to begin making its Model 3 electric vehicles (EV) by year-end, a first step in localising production in the world's largest auto market. | Video

China's Geely sees sales growth evaporating as car market struggles

07 Jan 2019

BEIJING China’s most globally high-profile and successful carmaker, Geely, is forecasting flat sales this year, a sharp slowdown from 2018 as the country's giant auto market struggles with slowing economic growth and more cautious consumers.

Apple cuts sales forecast as China sales weaken; iPhone pricing in focus

03 Jan 2019

SAN FRANCISCO/BENGALURU/SHANGHAI Apple Inc on Wednesday took the rare step of cutting its quarterly sales forecast, with Chief Executive Tim Cook blaming slowing iPhone sales in China, whose economy has been dragged down by uncertainty around U.S.-China trade relations. | Video

Coffee startup Luckin plans to overtake Starbucks in China this year

03 Jan 2019

BEIJING Chinese coffee startup Luckin is aiming to open 2,500 new stores this year and overtake Starbucks Corp as the largest coffee chain by number of outlets in the world's second-biggest economy, it said on Thursday.

World News