The United States announced the elimination of the 40 % tariff on a list of products from Brazil, following negotiations between Donald Trump and Luiz Inácio Lula da Silva.

The products included are beef and other bovine products; spices, fruits, and grains such as coffee, cocoa, and their derivatives, as well as other agricultural goods.

The decision was announced on Thursday, November 20, and applies “to certain goods that were imported from Brazil or removed from warehouses since November 13.”

The exemption list also includes “fossil fuels, coal-derived products or chemicals related to coal and its processing, liquefied gases, chemicals, wood pulp, and a wide range of components for civil aviation.”

M.Pino

Source: bancaynegocios

(Reference image source: kelsen Fernandes on Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram

La entrada Trump removes 40 % tariff on certain Brazilian products apareció primero en Bitfinance.

The American company WK Kellogg’s acquired the Italian company Ferrero in a transaction valued at $3.1 billion.

With this commercial strategy, “Ferrero joins a massive portfolio of existing brands in North America, including Butterfinger, Keebler, Famous Amos, Jelly Belly, NERDS, Trolli, Blue Bunny, Bomb Pop, and Halo Top,” according to Forbes USA.

Upon completion of the transaction, which awaits WK Kellogg’s shareholder and regulatory approval, in addition to other customary closing conditions, the company’s common stock will cease trading on the New York Stock Exchange and the company will become a wholly owned subsidiary of Ferrero.

According to Forbes USA, the transaction includes the “manufacturing, marketing, and distribution of WK Kellogg’s breakfast cereal portfolio in the United States, Canada, and the Caribbean.”

Giovanni Ferrero, CEO of the Ferrero Group, stated regarding the purchase of the cereal brand: “This is more than just an acquisition; it represents the union of two companies, each with a proud legacy and generations of loyal customers.”

M.Pino

Source: forbes

(Reference image source: sarah b on Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram

La entrada Italian giant Ferrero acquired Kellogg’s for $3.1 billion apareció primero en Bitfinance.

The Government of Spain has celebrated the partial agreement reached between the Executive of Venezuela and the opposition regarding the holding of presidential elections in 2024 after the meeting held in Barbados and has encouraged the parties to maintain dialogue.

In a statement from the Ministry of Foreign Affairs, it celebrated that “a partial agreement has been reached on the promotion of political rights and electoral guarantees in view of the presidential elections scheduled for the second half of 2024.”

“Spain supports an agreement between Venezuelans, which results in the improvement of the well-being of its citizens and their coexistence,” said the department headed by José Manuel Albares, encouraging the Government of Nicolás Maduro and the opposition “to deepen their dialogue and consolidate the agreed”.

The agreement reached by the negotiating teams of the Government and the opposition at the meeting in Barbados, the first in almost a year between the parties, includes “the right of every political party to choose its candidate for the presidential elections freely and in accordance to its internal mechanisms”.

Likewise, it is established that the elections will take place in the second half of 2024, and it is anticipated that international observers will be invited, among others from the European Union, among other issues.

Source: dpa

(Referential image source: Ronal Labrador, Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

La entrada Spain celebrates the partial agreement between the Venezuelan Government and the opposition apareció primero en Bitfinance.

The governments of Iran and Venezuela are negotiating a contract to repair the Paraguaná Refining Complex (CRP), considered the largest oil refiner in the country and once one of the most important in the global arena.

Sources close to the negotiation indicated: “In about a year, Iran should be able to bring its people to Paraguaná (…) They have been very focused on the preparations, including housing for the workers.”

The Paraguaná Center, also known as CRP, has a capacity of 955,000 barrels per day and is made up of the Amuay and Cardón refineries, located on the Paraguaná Peninsula in the Falcón state of Venezuela.

According to some independent statistics, the CRP registered operations for the month of April of 17 % of its capacity.

Iranian supplies

According to data released in various media, the Iranian state companies provided the Venezuelan authorities with equipment and instruments that made it easier for the Caribbean country to activate the gasoline manufacturing unit in the CRP.

The equipment was transferred from China, after the “Iranian” companies handled the procurement and transportation.

On the other hand, Iran has provided Venezuela with some “fuels and diluents” to obtain the grades of crude necessary to export. In addition, it has supplied spare parts and equipment since 2020 in order to restore and renew the refining network and raise it to “1.3 million barrels per day.

Recently Niordc, the unit of the state-owned Iranian National Oil Refining and Distribution Company, signed a contract for 110 million euros, equivalent to 116 million dollars, with PDVSA in order to “repair and expand the El Palito refinery” which has a capacity of 146,000 barrels per day and is located in the central region of the country.

M. Rodríguez

Click the link to subscribe to our news and media group on Telegram: https://t.me/G_ELSUMARIO_Noticias

Source: eluniversal.com

La entrada Venezuela and Iran will repair the Paraguaná Refining Center apareció primero en Bitfinance.

The commercial group Traki would have acquired the Meliá Caracas hotel for $50 million, belonging to the Spanish chain Meliá, chaired by Gabriel Escarrer Juliá.

This follows from a publication in the specialized media Product, where it is revealed that negotiations between Traki, led by businessman Antonio Chambra, had been going on for a few months.

The Meliá Caracas hotel, located in the capital of Venezuela, on Avenida Casanova, Bello Monte urbanization, is a structure made up of more than 400 rooms distributed over 18 floors, to offer 236 apartments and 28 convention rooms named in honor of Venezuelan rivers like Manzanares, Neverí, Suapure, Ocamo and Pao.

After the closing of this negotiation for the hotel located in Caracas, which includes the corridors that connect the enclosure with the El Recreo Shopping Center, it is still unknown if the commercial name for the hotel operation will be maintained.

 M.Pino

With information from Producto, national media and social networks

La entrada Grupo Traki would have acquired the Meliá Caracas hotel apareció primero en Bitfinance.

Marcelo Rebelo de Sousa, President of Portugal, signed this Sunday the decree of official dissolution of the Parliament of the country and called early elections for this January 30, 2022, as he had announced the previous month. The signing of the decree was announced through a statement.

The president waited until the last day, which ended this Sunday, December 5 in accordance with the provisions of the law, to officially dissolve the Parliament of Portugal in order to give the legislative body time to process the largest number of laws that were pending, such as the anti-corruption measures and the law on euthanasia, which was vetoed.

The dissolution of Parliament is a consequence of the rejection of the budget for 2022 presented by the “Socialist Government of António Costa in the Chamber at the end of November, with the votes against his former left-wing partners.”

Give the power back to the people of Portugal

Given this scenario, the president of the country considered it necessary to call elections as a solution to the problem and blockage of the budget, which occurred just in the middle of the term of the legislative power. “It is part of the life of democracy to give the power to the people,” said the President on November 4 when he announced the decision to call early elections.

António Costa, from the socialist party, will run again to be prime minister and maintains the leadership in the polls. However, opinion studies maintain that there will be no absolute majority, therefore the strategy is to negotiate.

Costa came to power as prime minister in 2015 and although his party was not the most voted, he established agreements with the parties of the left, managing to stay in office for 4 years. In 2019 the Socialists managed to win, but “eight deputies of the absolute majority remained and Costa decided to govern alone without agreements, negotiating measure by measure, a strategy that was exhausted two years later.”

M. Rodríguez

Source: larazon.es

La entrada President of Portugal dissolves Parliament and calls early elections apareció primero en Bitfinance.

The Innovation Committee of the Financial Superintendence of Colombia (SFC) notified the approval of the first bond issue in the second market using blockchain technology and smart contracts, in order to monitor them in all phases of the process.

Colombia becomes the first Latin American country to start the pilot test of issuance of stock bonds with the use of blockchain technology, throughout the process of issuance, registration and negotiation, which implies an important leap by the SFC before its Latin American peers .

The information was provided by the institution through a statement, where it also explained: “that the issuance of this real bond does not involve all the traditional infrastructure that uses a centralized deposit of securities, but it will have all the phases of an issuance of securities. traditional bonds. That is to say: the inscription of the instrument in the National Registry of Securities and Issuers (RNVE), issuance, placement, registration of payments, negotiation and fulfillment of the operation.”

This test is intended to demonstrate the efficiency of blockchain technology at times where interoperability, immutability and effectiveness are essential in institutions. Therefore, it is expected to verify and verify if the planned times are the most optimal for each and every one of the phases of the process.

Financial entities will participate in the pilot test are: Davivienda banks, the IDB Group and Banco de la República. Davivienda will be responsible for issuing the trial bond, the IDB will be in charge of acting as an investor, while the Banco de la República will be the “observer who will oversee that the process is completed according to the former

The most important challenge of this pilot test is related to the updating of the stock exchange regulations and policies that govern the entire process, because they are directed, for the most part, to an administrative process, preferably written, for which the legal instruments must be developed and adapt to new technology.

M. Rodríguez

Source: es.cointelegraph.com

La entrada Colombia issues bonds with blockchain technology apareció primero en Bitfinance.

This Wednesday, January 13, the shares of the Telefónica company shot up 10% after announcing that Telxius Telecom signed an agreement with American Tower Corporation (ATC) for the sale of its telecommunications tower division in Europe and Latin America for the amount of 7,700 million euros.

The telecommunications operator’s securities were trading at around 10:00 in the morning at 3.907 euros, which is 8.56% more than the 3.599 euros with which the trading day ended on Tuesday.

For this reason, Telefónica led the increase in the Ibex 35 this Wednesday and registered its highest values ​​since the previous time in July 2020, when it was barely trading at four euros.

Telxius – Telecom

This company, of the Telefónica group that participated in a minority with KKR and Pontegadea, signed an agreement with American Tower Corporation (ATC) for the sale of its telecommunications tower division in Germany, Spain, Brazil, Peru, Chile and Argentina for the value of 7,700 million euros.

This negotiation covers 30,722 telecommunications tower sites and is understood as two separate and independent transactions, one part of the business in Europe and the other in Latin America.

Also the capital gain attributed to the company will amount to about 3,500 million euros, as for the net financial debt of the operator will be reduced by 4,600 million euros and the leverage ratio close to 0.3 times.

Telefónica highlights that this operation applies to the group’s strategy, among its objectives is the active portfolio management policy of its active businesses, which has the purpose of creating value and at the same time organic reduction.

G. Febres

Source: DailyFX

La entrada Telefónica shares soared 10% after the sale of the Telxius towers apareció primero en Bitfinance.