ever in the wake of reports of weak sales of its a three eighty super jumbo it s now received a juicy order from u.s. private equity company indigo partners the order is a big one but for smaller planes though four hundred thirty single planes of the a three twenty neo family for a whopping fifty billion u.s. dollars that would provide indigo with state of the art aircraft for several low cost carriers it owns in north and south america and here in europe it s not the only deal was sought today because venezuela is approaching bankruptcy and now the cash strapped country has signed a debt restructuring deal with russia it will ease the terms and conditions under which one us where law must repay some three billion dollars it owes moscow the deal comes just a day after credit ratings agency standard and poor s and fitch declared the south american country to have partially defaulted on its debt. venezuela isn t paying
and twenty percent brine quite incredible and now cash strapped venezuela is in selective default now that s according to credit rating agency standard and poor s it s a status that s given to a country when it fails to pay one or more of its financial obligations as unpaid gave venezuela a thirty day period of grace before it came knocking it said the south american nation had failed to make repayments on two hundred million dollars worth of foreign debt and a last ditch attempt the government in caracas met to try to renegotiate its debts but to no avail. is venezuela running right out of money. the much awaited answer a decisive government meeting with creditors ended abruptly after only thirty minutes afterwards participants talked of having listened to confused statements but no concrete proposals on restructuring the country s massive debt. instead they were offered a colorful packets of venezuelan chocolate and coffee. as recently as sunday
dominican republic people here are taking no chances preparing for it but hoping to escape the worst of the storm. you re watching dear the new still to come however try to stop dortmund in midweek when this league action stay tuned to find out how they handled that toll tax. now china is asia s powerhouse economically at least at the parent li losing some of its steam yeah not us powerful anymore it seems to me ratings agencies standard and poor s just announced it is slashing of china s credit rating warning that a prolonged period of debt growth had raised economic and financial risks s. and p. which downgraded china s debt from a double a minus to a plus is the second major credit ratings agency to slash the asian giants rating after moody s already made the same decision in may. let s get some
analysis from our financial correspondent in frankfurt today and hear what s behind the revision i mean what what are those economic dangers and threats. good news for china coming in this morning and european wonder why because of course we are always hearing that the chinese economy is growing but s. and p. is simply saying that china is making too much debt in the past china has been asking for more and more credits in order to get every year more records you know speaking about the economy but the s. and p. is now fearing that the level of credit that china has been asking for in the past is simply too high and that this could have at the end very negative consequences that could even harm the economy does is now mean that doing business with china is not anymore safe well there s new seal it s called investment grade which still
is going to cause death rates to go up and savagely hurt american people. the american cancer association, nurses association, the aarp, all of the health care organizations, nonpartisan os, are screaming right now. in fact, last week we had insurance companies themselves weigh in to talk about what donald trump is trying to do, as dangerous to tens of millions of americans and health care. for him to say that is objectionable for that obvious reason. the second reason, this is what should be concerning everyone, is what he is doing to so-called obamacare to the affordable care act, he himself, right before he got elected, standard and poor s said the mark place was strong. and what he has done in the short time that he has been there to weaken the marketplaces by putting in all this uncertainty, by all of these threats. insurance companies in my own state talk about not necessarily his unwillingness to put in cost sharing, his failure to advertise, to get more folks,