Tesla electric car catches fire after hitting a tow truck in Moscow
A Tesla electric car caught fire after crashing into a tow truck on a Moscow motorway late on Saturday.
Volatility in China’s yuan due to escalating U.S. trade friction: PBOC official
Volatility in China’s yuan since August is a normal market reaction to escalating trade frictions stoked by the United States and was caused, to some extent, by Washington’s decision to raise tariffs, a senior Chinese central bank official said.
Brazil appeals judge lifts temporary arrest of former billionaire Eike Batista
A Brazilian appeals court judge ordered on Saturday the release of Eike Batista, the mining and oil magnate who was once Brazil’s richest man, revoking a temporary prison order that would expire on Monday.
Mexican banks report failures in processing card payments
Several of Mexico’s largest banks reported on Saturday that they were experiencing problems processing debit and credit card payments while some shops in the capital informed customers that they would only accept cash payments.
Pope caps reform of Vatican bank with new statutes
Pope Francis has approved new statutes for the Vatican Bank, making an external audit obligatory and introducing other changes to bolster reforms that have turned around the once scandal-ridden institution.
Peru suspends key permit for Southern Copper in U-turn on Tia Maria project
Peru on Friday suspended a recently issued construction permit for Southern Copper’s Tia Maria mine, a project that has triggered violent protests by nearby residents.
PG&E evaluating proposal from hedge funds Knighthead Capital, Abrams Capital
Power producer PG&E Corp said on Friday it is evaluating a proposal from hedge funds Knighthead Capital Management and Abrams Capital Management to provide equity capital commitments supporting a plan to reorganize the company.
Timeline: Key dates in the U.S.-China trade war
Hopes for an early settlement of the yearlong U.S.-China trade war dimmed this week after the United States accused China of manipulating its currency, and U.S. President Donald Trump said he would not make a deal with Beijing for now.
Trump roils markets with comments on China trade, Huawei
U.S. President Donald Trump on Friday said he was not ready to make a deal with China and even called a September round of trade talks into question, reviving concerns on financial markets that the bilateral dispute is unlikely to end anytime soon.
White House’s Navarro says still expecting next round of China trade talks
White House trade adviser Peter Navarro said on Friday the United States was still planning to hold another round of trade talks with Chinese negotiators.
