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Montevideo, April 19th 2024 - 02:36 UTC

Stories for December 17th 2016

  • Saturday, December 17th 2016 - 17:03 UTC

    Colombia's Central Bank lowers interest rate to tack inflation

    Outgoing Colombian Central Bank manager Jose Dario Uribe spoke of “greater confidence in the consolidation of the process” as intereste rates were lowered for the first time in four years.

    The Central Bank of Colombia Friday surprisingly decided to lower the interest rate by 25 basis points to 7.50 percent to support the recovery of the economy and to push inflation towards the target set for the coming semester.

  • Saturday, December 17th 2016 - 16:54 UTC

    Norwegian low cost airline wants to operate in Argentina

    Low-cost carrier Norwegian wants to start operating in Argentina

    Norwegian Air Shuttle, one of the largest low cost airlines in Europe, has made the decision to start start operating in Argentina in November next year. “We have taken that decision and for that we have already taken some concrete steps to be able to fly domestic and regional routes in Argentina,” said Norwegian spokesman Alfons Claver.

  • Saturday, December 17th 2016 - 16:48 UTC

    Raul Castro's Cuba allows farmers to hire workers directly

    Raul Castro is dropping some hardline Communism views to improve the economy. But is he doing it fast enough?

    The Cuban government Friday allowed farmers to hire workers directly and no longer have to go to cooperatives in a step to set aside strict controls on their economy to boost production for a country which imports more than two-thirds of its food. In other areas of the economy, such as restaurants, Cuba has already allowed small business owners to hire their staff directly.

  • Saturday, December 17th 2016 - 09:13 UTC

    Macri's Argentina back from world isolation except from Venezuela and Iran

    President Macri meet his counterpart Bachelet in his presidencial residence

    Argentine President Mauricio Macri said Friday that “we have come from years of isolation and bad relations with almost all countries except Venezuela and Iran.” He added that “this year we have experienced a Copernican change in that sense.”

  • Saturday, December 17th 2016 - 07:30 UTC

    Falklands/South America second flight to be addressed at Argentina/UK meeting next week

    MLA Mike Summers and MLA Phyl Rendell will be part of the British delegation discussing next week a second air link between Falklands and the continent

    Two Falklands lawmakers, MLA Mike Summers and MLA Phyl Rendell, will represent the Islands government as part of the British delegation at meetings with Argentina in London next Monday and Tuesday. According to a release from the Islands' government the principal item to be addressed is a second flight from South America to the Falklands that was agreed in a September Joint Statement between the UK and Argentina.

  • Saturday, December 17th 2016 - 05:40 UTC

    President Hassan Rouhani wants Iran to have nuclear-powered warships

    Iran’s President Hassan Rouhani has instructed defense officials to make plans for nuclear-power warships

    After accusing the United States of violating their nuclear deal, Iran’s President Hassan Rouhani has ordered the head of the country’s Atomic Energy Organisation to outline the development of nuclear-powered warships.

  • Saturday, December 17th 2016 - 00:24 UTC

    Petrobras sells ethanol assets as it moves out of the biofuels industry

    The Nova Fronteira transaction marks another step in Petrobras' efforts to get out of the biofuels industry, which has soaked up enormous amounts of capital

    Brazil's oil company Petrobras has agreed to sell its 49% stake in the sugar and ethanol joint venture Nova Fronteira Bioenergia SA to partner São Martinho SA, both companies said in securities filings on Thursday. Petrobras will receive 24 million new São Martinho shares as payment for the stake. Petrobras said in the filing that it will attribute a US$133 million value to the deal.