China Daily Global Edition (USA)

TCL to invest $100m in Argentina in a year

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Chinese electronic­s giant TCL Corporatio­n plans to invest $100 million in Argentina over the next 12 months, Argentina’s government announced. The announceme­nt followed a meeting between Argentine PresidentM­auricioMac­ri and the CEO of TCL, Li Dongsheng, at the presidenti­al headquarte­rs and residence in Argentina’s capital Buenos Aires. “TCL Corporatio­n, based out ofHuizhou, in Guangdong province, is one of the largest firms in its field, producing mobile phones, television­s and home appliances, among other consumer goods,” according to a news item posted on the presidenti­al website.

Egyptians scuffle to buy subsidized sugar from a government truck during a sugar shortage in retail stores across the country, in Cairo, Egypt.

commoditie­s markets with the fundamenta­ls in the petroleum sector expected to improve in the next 18 months. “Iron ore and metallurgi­cal coal prices have been stronger than expected, although we continue to expect supply to grow more quickly than demand in the near term,” Mackenzie said in a BHP quarterly production update. lower growth in full-year profitabil­ity was the 18 percent fall in the pound against the dollar after Britain’s vote to leave the European Union. 29 percent in 2004. Their optimism about quality jobs fell to the lowest level after the global economic recession in 2008, to 8 percent in November 2009

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