President Trump vowed Tuesday to look for common ground with his French counterpart in dealing with Iran but made no commitment to stick with the nuclear agreement he described as “insane” and “ridiculous.” Receiving French President Emmanuel Macron for a state visit at the White House, Trump repeated his criticism of the agreement to freeze Iran's nuclear program, saying it doesn't address Tehran's missile program or its attempts to foment unrest in the region.
The 10-year U.S. Treasury yield has broken through the psychologically important level of 3%, leaving analysts contemplating what it could mean the future of asset markets and, more importantly, the global economy. The yield on the benchmark bond — which helps to set prices for debt instruments all over the world — inched past 3% on Tuesday, a level that many market players deem dangerous for investments and the economy.
Record levels of micro-plastics have been found trapped inside sea ice floating in the Arctic. Ice cores gathered across the Arctic Ocean reveal micro-plastics at concentrations two to three times higher than previously recorded. As sea ice melts with climate change, the plastic will be released back into the water, with unknown effects on wildlife, say German scientists.
A federal judge has ruled against the Trump administration's decision to end a program protecting some young immigrants from deportation. US District Judge John D Bates in Washington says the Department of Homeland Security's decision to rescind the Deferred Action for Childhood Arrivals program was unlawful and must be set aside.
Brazil’s Raizen Combustiveis SA agreed to buy downstream assets in Argentina from Royal Dutch Shell for US$ 950 million, according to a securities filing on Tuesday. Raízen Combustiveis, a joint venture between Brazil´s Cosan SA Indústria e Comércio and Shell, will have a 20% market share in fuel distribution in Argentina.
Paraguay's business-friendly ruling party lost fewer seats in Sunday's Senate election, than expected, ensuring strict fiscal policies while lessening chances of a tax hike on the key soy sector. Farmers in the world's No. 4 soybean exporter had feared that the new Senate might approves a measure, defeated last year, that would slap a 10% levy on exports.
Argentina’s central bank held its benchmark interest rate at 27.25% on Tuesday, reiterating in a statement that high-frequency indicators suggested core inflation would remain high in April, but below March levels.
Heineken brewery has been caught red handed with one of its beers' label referring to the disputed South Atlantic islands as Falklands and in brackets saying they belong to the United Kingdom, despite the fact the Dutch company is using Patagonian yeast.
Popular messaging service Whatsapp is banning under-16s from using its platform in the European Union. Users must currently be at least 13, but the firm is changing the rules ahead of the introduction of new EU data privacy regulations in May.
The Lord Mayor of London, global ambassador for the UK’s financial and professional services industry, is visiting Chile at the head of a business delegation this week with the aim of strengthening trade links with the City of London.