Business

MONTEVIDEO, July 26 (NNN-XINHUA) -- Uruguay's state-owned power company said on Tuesday that the recent record demand for electricity was completely covered by renewable energies.

The National Administration of Power Plants and Electrical Transmission (UTE) said the South American country's power demand reached a record 2,063 megawatts on Monday night when temperatures dropped to around 7 degrees Celsius in the capital Montevideo. The country, in the southern hemisphere, is currently in winter.

MEXICO CITY, July 26 (NNN-XINHUA) -- Latin American trade bloc the Pacific Alliance, in conjunction with its older counterpart the Southern Common Market (Mercosur), is poised to spur regional trade ties with China, according to Mexican experts.

JOHANNESBURG, July 26 (NNN-SABC) -- President Cyril Ramaphosa has hailed the first decade of the existence of the BRICS grouping of Brazil, Russia, India, China and South Africa as a major success in the global developmental agenda.

Addressing the opening of the BRICS Business Summit here, the South African head of State said that over the past ten years, the bloc had made enormous strides in a number of co-operation areas including climate change and promoting sustainable development.

BEIJING, July 25 (Xinhua) -- China expressed strong dissatisfaction and opposition on Wednesday to a U.S. defense spending bill which includes propositions aimed at China, and urged the U.S. not to disrupt the stable development of bilateral ties.

Foreign Ministry spokesperson Geng Shuang made the remarks at a routine news briefing when asked for comments about a draft bill of the U.S. National Defense Authorization Act for Fiscal Year 2019.

JOHANNESBURG, July 25 (Xinhua) -- From new global growth drivers to the international landscape and the global governance system, Chinese President Xi Jinping here Wednesday shared his thoughts on the changes the world is going to witness in the next decade.

Washington, Jul 25 (PTI); President Donald Trump has said the US is ready to make a "real deal" with Iran over its nuclear programme, days after he warned Tehran of historic consequences for threatening America.

Trump in May pulled the US out of the 2015 Iran nuclear agreement struck by the Obama administration by calling it the "the worst" deal ever negotiated.

Addressing the national convention of the Veterans of Foreign Wars, Trump said his administration stands ready for Iran to come back to the negotiating table.

MOSCOW, July 23. /TASS/. After Brexit, the United Kingdom will need to sign new deals with Russia and other countries with which London’s relations are subject to the EU’s legal and contractual basis, Russia’s envoy to the European Union Vladimir Chizhov said in an interview with TASS on Monday.

BEIJING, July 23 (Xinhua) -- China on Monday said it has no intention to spur exports through competitive devaluation of its currency, rejecting the United States' accusations of manipulating the exchange rate of the yuan.

"The yuan's exchange rate is mainly determined by market supply and demand," Foreign Ministry Spokesperson Geng Shuang told a press briefing. "It floats in both ways, which means there are ups and downs."

Currently, the good fundamentals of China's economy provide strong support for the exchange rate of the yuan to remain generally stable.

PRETORIA, July 23 (Xinhua) -- South Africa rolled out the red carpet for Chinese President Xi Jinping on Monday as he started his third state visit to the "rainbow nation" with the aim of boosting bilateral friendly relations and cooperation.

Xi and his wife, Peng Liyuan, were greeted by high-ranking South African government officials at the airport.

This state visit is the first of its kind South African President Cyril Ramaphosa has hosted since he took office in February this year.

LA PAZ, July 23 (NNN-XINHUA) -- Asia has become Bolivia's main market for mineral exports, overtaking the United States, in the past three years due to better export conditions and prices, according to the Bolivian mining ministry.

In 2017, Asia received 61 percent of Bolivia's minerals exports, including zinc, gold, silver, lead, tin and copper, valued at more than US$2.3 billion.

Meanwhile, the U.S. demand for Bolivia's minerals fell from US$256 million worth of imports in 2015 to US$59 million in 2017.