China to invest in Argentina railways

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14 July 2010

China is to invest $10 billion in Argentina’s railways in a major win for Chinese exporters, as part of a spate of agreements signed between the two nations.

China and Argentina have signed a deal in which China will invest $10 billion in Argentina’s railways. The agreement was the most significant announcement to come out of a visit by Argentina’s President Cristina Fernandez to Beijing.

Chinese news agencies report that the railway agreement includes a $2.5 billion project to upgrade the Buenos Aires rail system. Details of the financing agreement are scarce other...

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Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.

No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.

23%

No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.

23%

Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.

46%