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
And were starting with the latest incident in the volatile Gulf Region Oil prices have surged after what is believed to have been a missile strike on and ukrainian tanker in the red sea benchmark brant crude oil rose over 2 percent in trading to reach 60. 40 a barrel after this beauty was hits off the saudi port city of jeddah the ship was headed towards iran or in the gulf it was the latest strike by an unknown attacker on Oil Facilities in the gulf region a bombing office saudi arabias largest Oil Processing facility this summer caused a 10 percent spike in the oil price but markets calmed quickly as output was restored. For more im joined now by joseph head of oil and gas and alice is at Fitch Solutions in london good to have you with us so you comparison to this attack on saudi Oil Processing facility in summer how serious is this latest incident for
the oil market. Thank you monica the latest its the to is relatively minor in comparison to last months attack on iran cos facilities
daily consumption travel your electricity provider or whatever because the thing no one really thinks about is sustainable banking and money has a lot of power in here for. around $157000000000.00 euros are already sustainably invested in germany that s around 3 percent but the trend is growing the for profits and all of those who are used to germany s consumer association examined the carbon footprint of funds with a one off a $1000.00 euro payment for a year and the result was huge best for between the best and the worst funds there was a difference of 800 kilograms of c o 2 which was a fear you would produce that driving from the north cape to naples so if you have $10000.00 euros or even $100.00 of that s a huge impact so think what a bank could do with 100000000 or a spike in with. some of these millions will go into the mult 5 break their loan was approved and the expansion can continue.
a crunching numbers from months from break the sums are in the millions money from investors who want to support. sustainable projects and make money their employer trade or spank is still quite new in berlin they can t afford to make mistakes florian cos has made a living from his convictions now more targets because of global order and also there are so many problems in the world and challenges to solve and everyone can do their bit whether it s your daily consumption travel your electricity provider or whatever here s the thing no one really thinks about is sustainable banking and money has a lot of power inhibitor. around $157000000000.00 euros are already sustainably invested in germany that s around 3 percent but the trend is growing if a corporate and all of those who are used to germany s consumer association examined the carbon footprint of funds with a one off a $1000.00 euro payment for a year and the result was huge business for between the best and the worst funds
smartphones and other quick meant but india wants more trade going the other way to bring down the $57000000000.00 trade deficit. there are common interests but warm friendship has proven elusive the indians dislike china s close ties with bitter rival pakistan to china pakistan economic corridor is a key part of she s belgian road initiative she met pakistan s prime minister imran khan this week for talks. only if india and china can put these disputes on hold and they face into a future of joint cooperation. in india and china are 2 giants of course in terms of population in terms of economic growth and the huge rivals and for more i m joined by china expert clifford going to give it someone came up with a term for the 2 of them frenemies what s this summit all about then i think from his very optus scription there are 2 countries that know each other very well their