A bitterly divided Senate on Monday confirmed Steven Mnuchin as United States treasury secretary despite strong objections by Democrats that the former banker ran a foreclosure machine when he headed OneWest Bank. Republicans said Mnuchin's long tenure in finance makes him qualified to run the department, which will play a major role in developing economic policy under President Donald Trump.
Argentine farmers are expected to harvest at least 15 million tons of wheat in the 2016/17 crop year versus 11.3 million in the previous season, Agriculture Minister Ricardo Buryaile said last week. Wheat planting in Argentina expanded dramatically when President Mauricio Macri eliminated export taxes soon after his December inauguration.
Mercosur representatives will be meeting their European Union counterparts this week, beginning Monday, in Brussels in anticipation of another round of trade and cooperation discussions scheduled for March in Buenos Aires. Mercosur members, under the coordination of Argentina, which currently holds the group's chair are attending with a common position reached after several days of videoconferences.
One of Germany's most senior banking regulators has warned London that it is likely to lose its role as the gateway to Europe for vital financial services. Dr Andreas Dombret, executive board member for the German central bank, the Bundesbank, said that even if banking rules were equivalent between the UK and the rest of the European Union that was miles away from access to the single market.
Prime Minister Theresa May will face a parliamentary battle to get her Brexit Bill through the House of Lords as Labour launched its effort to rewrite the legislation. The House of Commons overwhelmingly backed legislation allowing the PM May to formally begin Brexit without altering it, but the British Government will face a stiffer test in the Lords where the Tories do not have a majority.
Mercosur foreign ministers will be meeting next March 9 in Buenos Aires in the framework of Argentina's pro tempore chair and following on the Argentine/Brazilian presidents recent meeting when it was decided to give the group a new thrust taking advantage of the new world scenario.
The European Commission has refused to discuss the size of the “exit bill” to be handed to the UK when it withdraws from the EU, amid reports the demand has been fixed at around £48 billion.
A Goldman Sachs hedge fund is closing its London operations and moving staff to New York, the firm has confirmed. About eight staff members who were part of the Goldman Sachs Investment Partners (GSIP) Team in London have been told to move. The decision follows the departure of the team's managing director, Nick Advani.
Workers at BHP Billiton's Escondida copper mine in Chile, the world's largest, walked off the job on Thursday in a strike that threatens to disrupt the international supply of the widely used metal. It said no miners arrived for morning work aboard buses that normally carry upwards of 1,200 workers per shift to the vast deposit, which accounted for about 6% of global production in 2015.
Spain’s Foreign Minister, Alfonso Dastis, said that he believed Gibraltar should be Spanish, though he added Spain must be intelligent in its approach to the Rock. He was speaking during a wide-ranging interview on the morning politics show Los Desayunos, on state broadcaster TVE1.