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Swiss to help build railway across South America

Bolivian President Evo Morales said an ambitious project to build a coast-to-coast railway across South America had moved a step closer to reality after he signed a cooperation agreement with Switzerland on Thursday.

Hong Kong Q3 industrial production index up 0.3 pct

Hong Kong's index of industrial production rose 0.3 percent in the third quarter of 2017, compared with the same period last year, the Census and Statistics department said on Thursday. The following are year-on-year percentage changes in the indices of industrial production by selected industry grouping: Q3 2017 Q2 2017 Food, beverages and tobacco +2.8 +3.0 Textiles and wearing apparel -4.0 -4.2^ Paper products, printing and -1.6 +0.1^ production of recorded media Metal, computer, electronic -1.1 -0.4^ and optical products, machinery and equipment ^ Revised (Reporting by Twinnie Siu in HONG KONG; Editing by Subhranshu Sahu)

Fitch Affirms and Withdraws Sime Darby Berhad's Ratings

(The following statement was released by the rating agency) SINGAPORE, December 14 (Fitch) Fitch Ratings has affirmed Malaysia-based Sime Darby Berhad's (Sime Darby) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'BB+' with a Stable Outlook. The agency has also affirmed Sime Darby's senior unsecured rating at 'BB+'. Fitch has simultaneously chosen to withdraw all of Sime Darby's ratings for commercial reasons. Accordingly, Fitch will no longer provide ratings or analytical coverage for Sime Darby. KEY RATING DRIVERS See the rating action commentary <a href="https://www.fitchratings.com/site/pr/1032738">Fitch Downgrades Sime Darby to 'BB+'; Off Rating Watch Negative, dated 22 November 2017 for further details. DERIVATION SUMMARY Not applicable. KEY ASSUMPTIONS Not applicable. RATING SENSITIVITIES No longer relevant as the ratings have been withdrawn. LIQUIDITY Not applicable Contact: Primary Analyst Akash Gupta Associate Director +65 6796 7242 Fitch Ratings Singapore Pte Ltd One Raffles Quay South Tower #22-11 Singapore 048583 Secondary Analyst Rufina Tam Associate Director +62 21 2988 6813 Committee Chairperson Vicky Melbourne Senior Director +61 2 8256 0325 Media Relations: Leslie Tan, Singapore, Tel: +65 67 96 7234, Email: leslie.tan@fitchratings.com. Additional information is available on www.fitchratings.com Applicable Criteria Corporate Rating Criteria (pub. 07 Aug 2017) https://www.fitchratings.com/site/re/901296 Non-Financial Corporates Notching and Recovery Ratings Criteria (pub. 16 Jun 2017) https://www.fitchratings.com/site/re/899659 Additional Disclosures Dodd-Frank Rating Information Disclosure Form https://www.fitchratings.com/site/dodd-frank-disclosure/1033984 Solicitation Status https://www.fitchratings.com/site/pr/1033984#solicitation Endorsement Policy https://www.fitchratings.com/regulatory ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTPS://WWW.FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEB SITE AT WWW.FITCHRATINGS.COM. PUBLISHED RATINGS, CRITERIA, AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. 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Do not expect postcard-sized tax return from Republican plan: experts

WASHINGTON Since mid-2016, U.S. House Speaker Paul Ryan has carried around a "postcard" that he has said shows how easy it will be for Americans to file their taxes once Republicans are finished their tax overhaul.