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US judge orders Argentina to sell 51% stake in oil firm YPF
US judge orders Argentina to sell 51% stake in oil firm YPF

A federal judge in New York ordered Argentina on Monday to sell its majority stake in oil firm YPF, the latest blow to Buenos Aires in a decade-long international legal saga. To partially satisfy the outstanding sum, Preska on Monday ordered Argentina to transfer its 51 percent stake of YPF to an intermediary, with instructions that the shares then be handed over to the plaintiffs.

by  AFP

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Well-off Hong Kong daunted by record deficits
Well-off Hong Kong daunted by record deficits
by  AFP

Hong Kong is facing its toughest fiscal test in three decades following a painful run of mammoth deficits, with experts urging the government to make careful cuts as the economy wobbles. Lawmaker Edmund Wong cautioned against pay cuts for civil servants, which he said may cause private-sector employers to follow suit, but urged the government to slim down.

Milei says welcomes Trump plan for reciprocal tariffs
Milei says welcomes Trump plan for reciprocal tariffs
by  AFP

Argentine President Javier Milei plans to join the reciprocal tariff plan of Donald Trump, he told an approving crowd of US conservatives at a convention near Washington on Saturday. Milei said he wanted to make Argentina "the first country in the world" to join the US in reciprocity.

China's EV maker XPeng eyes doubling global presence by year's end
China's EV maker XPeng eyes doubling global presence by year's end
by  AFP

One of China's leading electric vehicle makers XPeng plans to double the number of countries in which the company operates by the end of this year, its CEO said Saturday. China's government has supported the development and production of less polluting battery-powered vehicles, a field where Chinese manufacturers such as BYD and XPeng are leading the way. ehl/sn/dhc

France still seeking to block EU-Mercosur trade deal: Macron
France still seeking to block EU-Mercosur trade deal: Macron
by  AFP

France is still trying to assemble a "blocking minority" within the European Union to prevent a trade deal with four South American countries from coming into force, President Emmanuel Macron said on Saturday. "Neither an adjustment tool for purchasing power ... nor an adjustment tool for trade agreements," Macron said.

Ukraine's earth riches are rare and difficult to reach
Ukraine's earth riches are rare and difficult to reach
by  AFP

Ukraine's soils hold some five percent of the world's mineral resources, which is what US President Donald Trump is anxious to secure, but not all of them are yet exploited -- or maybe even exploitable, according to experts. Trump has particularly declared he wants rare earths and demanded an accord on getting minerals in return for US aid for Ukraine to fight its war with Russia.

Cook Islands strikes deal with China on seabed minerals
Cook Islands strikes deal with China on seabed minerals
by  AFP

The Cook Islands said Saturday it has struck a five-year agreement with China to cooperate in exploring and researching the Pacific nation's seabed mineral riches. The Cook Islands has licensed three companies to explore the seabed for nodules rich in metals such as nickel and cobalt, which are used in electric car batteries.