85 billion euros to help Ireland
According to the Financial Times, EU finance ministers agreed to provide Ireland with an aid plan worth 85 billion euros (US$ 65.438+065.438+03 billion) last night. They also plan to approve the framework of a new permanent mechanism to deal with the euro zone debt crisis, with a view to preventing the spread of the crisis from affecting the lending of Portugal and Spain.
Surprisingly, the proposal to establish a permanent mechanism is much ahead of the deadline of 65438+February. This plan will replace the current 440 billion euro euro rescue fund with a permanent "European stability mechanism", which will expire in 20 13. In addition, the euro zone bonds after 20 13 will be accompanied by a collective action clause, stipulating that private creditors will participate in any future debt restructuring or debt restructuring.
German Minister of Economy: The value of the euro is stable and there is no risk of depreciation.
Foreign media reported on Sunday that German Economy Minister Brewood Le pointed out that the exchange rate of the euro against the US dollar was much higher than 1.30 US dollars, indicating that the euro is still stable and there is no sign of depreciation at present. He also believes that after Greece and Ireland, there will be no more euro zone members applying for financial assistance.
News: European Central Bank urges Portugal to apply for aid.
According to The Wall Street Journal, the German edition of the Financial Times reported on Friday that the European Central Bank and most members of the euro zone are urging Portugal to apply for financial assistance to prevent its debt problem from spreading to Spain.
According to the above report, Portugal's banks are better than Ireland's, but their banking operations still depend on the liquidity of the European Central Bank. The source said that if Portugal accepts aid, Spain will benefit from it because Spain's risk exposure to Portugal is very serious. The European Central Bank declined to comment on the Dow Jones Newswires report.
BP will sell Pan American Energy Company for $7 billion.
It is reported that BP will sell its 60% stake in Argentine oil producer Pan AmericanEnergy for $7.06 billion to repay the oil spill loss in the Gulf of Mexico.
BP announced on Sunday that the buyer of these shares is Bridas of Argentina, which already owns 40% of Pan American Energy Company, and the transaction is expected to be completed in the first half of 20 1 1.
In response to the rising clean-up costs and related losses of the oil spill, BP announced plans to sell assets of $30 billion as early as this summer. The company estimates that the cost of dealing with the oil spill is close to 40 billion dollars.
BASF plans to invest 654.38 billion euros to build a factory in China.
According to the Financial Times, BASF aims to expand its business in the fast-growing China market, and plans to invest more than 654.38 billion euros (US$ 6.543 billion) to build more factories in China in the next few years. The factory in China is running at full capacity at present. In terms of sales, China is the largest chemical enterprise in the world.
In the first nine months of this year, BASF's sales of chemical products amounted to 39.6 billion euros, of which 23% came from Asia. The group predicts that by 2020, its sales revenue will reach 92 billion euros, of which 20 billion euros will come from Asia. About half of the company's sales in Asia come from China.
British Green Energy and Total British Gas Station Retail Network Negotiation.
According to reports, Greenerg, the fuel supplier of British gas stations, launched an offer of 6,543.80 billion pounds (US$ 6,543.80 billion) to the Total of France to acquire its retail network of British gas stations.
Paul Lester, CEO of Green Energy Company, told the British "Sunday Mail" that he had held preliminary negotiations with French company Total to acquire its 780 gas stations in the UK.
It is reported that Tesco, the third largest retailer in the world, holds a 35.6% stake in green energy. Green energy also intends to acquire 460 gas stations of Murco Oil Company in the United States.
Qantas A380 go around.
According to the Wall Street Journal, an Airbus A380 superjumbo plane of Qantas took off from Sydney last Saturday and flew to London via Singapore. This is the first time Qantas has resumed the operation of A380 passenger plane since1October 4th when Qantas A380 was forced to land in Singapore due to engine failure.
Amazon plans to upgrade its platform and expand to more countries.
According to the Financial Times, Amazon said it plans to upgrade its international e-commerce platform to make it easier for the company to reach customers in new markets.
This move confirms the globalization of online retailing. Gap, an American clothing retailer, and Walmart, the world's largest retailer by sales, are also trying to reach more consumers through e-commerce websites and cross-border delivery.
As one of Amazon's main online competitors in the United States, Wal-Mart has invested heavily in global e-commerce platforms in the past two years. Wal-Mart said it plans to rely on its platform to reach customers in existing markets and countries without physical stores.