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CreditRafael Guillen/Panama Sotheby’s International Realty. – New York Times
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Workers loading a roll of steel onto a barge in Smederevo, Serbia, in June. A state-owned Chinese company bought the steel plant in the Serbian city. Credit Darko Vojinovic/Associated Press
Serbia Reaps Benefits, With Strings Attached
SMEDEREVO, Serbia — When President Xi Jinping of China chose an industrial town on the Danube River to announce that Serbia was at the center of a $900 billion “One Belt, One Road” infrastructure initiative, it was a bold declaration that his country had set up shop...Caption:
The South Korean and Chinese national flags fly alongside the company flag of Hyundai Motor Co at its plant in Beijing, China, August 30, 2017. Picture taken August 30, 2017. REUTERS/Thomas Peter
Hyundai Faces Supply Disruption in China Again
Hyundai Motor Co said it had banned production at one of its factories in China Tuesday after a supplier refused to supply parts due to delays in payment. This is its second such incident in weeks. Hyundai has seen in China sales slump as a result of the diplomatic...Caption:
A vendor receives a five Euro bank note from a customer at the central market in Athens, Greece, July 8, 2015. REUTERS/Christian Hartmann/File Photo
Euro Tiptoes Higher as ECB Eyed
The euro extended gains on Tuesday on growing expectations that any concerns the European Central Bank flags about its strengthening at a meeting this week will have a limited impact. “Any attempt to jawbone the currency lower by the ECB will be limited in its impact...Caption:
Balearic Properties – New York Times