Argentina, locked out of overseas markets since its record $95 billion default in 2001, took another step toward a return to selling international bonds by agreeing to repay its debt to the Paris Club.
Azerbaijan’s state oil company, known as Socar, is in the final stages of negotiations for a $3.5 billion loan to help build a refinery in Turkey, said Kenan Yavuz, chief executive for the company’s Turkish unit.
Roy Hill Holdings Pty, controlled by Asia’s richest woman Gina Rinehart, said talks are advanced to obtain A$7 billion ($6.5 billion) in funding for its Australian iron ore project, even as the price of the material this week fell the most in four years.
John Leahy, chief operating officer at Airbus SAS, spoke yesterday about the outlook for global aircraft demand. The world’s largest maker of commercial aircraft said airlines will buy 25,000 planes worth $3.1 trillion over the next 20 years, buoyed by Asian sales and increased demand for single-aisle models. The forecast is 3 percent higher than the 24,300-aircraft, 20- year requirement predicted by Toulouse, France-based Airbus in February 2008. Laurent Rouaud, senior vice president of market and product strategy, and Stefan Schaffrath, head of media relations, also spoke at the news conference in London.