Argentinas new Treasury Minister acts fast to stabilize the beleaguered peso selling dollar reserves in a much welcomed move but can he solve the countrys underlying problems including its massive pile of debt. Also coming up its legal bills are mounting now german heavyweight buyer is selling its Animal Health unit to free up cash. And fasten your seat belts singapore is getting ready to launch a trial itself driving buses. This is your Business Report im stephen bears in berlin thanks for joining us argentina welcome to new Treasury Minister on tuesday and on the coons it wasted no time in dealing with the countrys fragile economy Argentinas Central Bank auction 112000000000. 00 u. S. Dollars from its reserves to stop the countrys peso from falling markets welcomed the move but more remains to be done. Its looking increasingly likely that the
president ial palace in buenos aires will have a new resident in the near future although the current president Mary Snow Mccree has just appoi
a heavyweight in the promising sector of crops instead the purchases put buyer in a very difficult position the legal costs for months santos rounds up weed killer are climbing and buyer needs cash now it s sold its animal health unit man s best friend is trending with incomes rising worldwide the demand for animal health products is also increasing now german pharmaceutical giant buyer is selling its animal health unit to u.s. based drug firm a langkow for $7600000000.00 the move will create the 2nd largest company of its kind for buyer animal health is only a small part of the group s business and 20 again it brought in revenue of around one and a half 1000000000 euros it s larger units include consumer health with $5400000000.00 euros crop science with just over $14000000000.00 and pharmaceuticals with almost $17000000000.00 euros. selling the animal health division will allow a buyer to bring in some urgently needed cash the company has had
animal health unit to u.s. based drug firm langkow for 7 point $6000000000.00 the move will create the 2nd largest company of its kind for buyer animal health is only a small part of the group s business and 20 again it brought in revenue of around one and a half 1000000000 euros it s larger units include consumer health with $5400000000.00 euros crop science with just over $14000000000.00 and pharmaceuticals with almost $17000000000.00 euros. selling the animal health division will allow a buyer to bring in some urgently needed cash the company has had a few rough months with multibillion dollar lawsuits over the weekend or roundup and its active ingredient life was saved with funds dwindling and share prices dropping fire has recently moved to sell units not directly related to its core business of life sciences most recently it on loaded some time lotion brand coppertone as well as its dr scholl s foot care unit fires planning to focus more
company of its kind for buyer animal health is only a small part of the group s business and 20 again it brought in revenue of around one and a half 1000000000 euros it s larger units include consumer health with $5400000000.00 euros crop science with just over $14000000000.00 and pharmaceuticals with almost $17000000000.00 euros selling the animal health division will allow a buyer to bring in some urgently needed cash the company has had a few rough months with multi-billion dollar lawsuits over the weekend a roundup and its active ingredient delightful said with phones dwindling and share prices dropping fire has recently moved to sell units not directly related to its core business of life sciences most recently it on loaded suntan lotion brand coppertone as well as its dr scholl s care unit buyers planning to focus more on its traditional divisions including pharmaceuticals and consumer health.
individually take on the might of the big banks late names you just mentioned so you re going to see more of these and of course and there is already a 14000000000 class action suit against a mosque in britain and that s where it is supposed to pay $14000000000.00 for illegal alleged illegal credit card fees so i mean he was pressed for more such cases in the future you know i should just monday in frankfurt thank you so much. spanish capital is set to start working on its largest ever expansion madrid. celebrated as the biggest construction project in all of europe and it s said to bring hundreds of thousands of jobs along docked by political bickering and opposition by residence the multi-billion euro project is finally underway. a quick and smooth vote ended a political deadlock lasting a quarter of