Tesla's market value has overtaken that of Ford after shares in the electric car maker added more than 7%. At the close of trading Tesla had a market value of US$49bn, compared with Ford's value of US$46bn.
Industrial output in Brazil barely grew in February, government data showed on Tuesday, throwing cold water on hopes of a quicker recovery from a two-year recession. Industrial production rose 0.1% in February from January, government statistics agency IBGE said, short of expectations for a larger increase.
Standard & Poor's raised Argentina's credit rating one notch Tuesday, from B- to B, saying Latin America's third-largest economy was on the verge of exiting recession.The rating bump gives a boost to conservative President Mauricio Macri, who has launched sweeping - often unpopular - economic reforms aimed at reviving growth.
The Inter-American Development Bank and the Inter-American Investment Corporation wrapped up the annual meeting of their Boards of Governors after reaching an agreement to replenish the Multilateral Investment Fund (MIF), the IDB Group’s innovation lab.
The Falkland Islands Government has announced the appointment of James Wilson as its Financial Secretary. After a short handover period with Lydia Morrison - who is currently the Interim Financial Secretary - he will formally take up his role on 1 June 2017.
The latest annual report from Chile's Fisheries administration, Public Account of Resources Status 2016 indicates that of the 43 existing fisheries, 25 have biological reference points (PBR) which means a precautionary approach. The presentation was made by Paolo Trejo, Under Secretary for Fisheries and Aquaculture.
Venezuelan Supreme Court reversal decision to take over the opposition-led congress seems to have yielded to domestic and international pressure, but it still gives embattled populist President Nicolas Maduro broad new powers over the country´s vast oil wealth, which now appears to have been his true target.
Comodoro Rivadavia, in Argentine Patagonia, also known as the Oil capital of the country is estimated to have experienced an 80% destruction of the city, according to a first report from an Army engineers' battalion sent to set up bridges and repair highways. The city suffered a week of historic torrential rains (330mm) and strong winds with flooding, mudslides which swept away with bridges and tracts of roads and major highways.
United States has withdrawn funding for the United Nations Population Fund (UNFPA), an agency that promotes family planning in more than 150 countries. The state department said the UNFPA supports or participates in the management of a program of coercive abortion or involuntary sterilization.
Brazil is poised to sharply increase oil exports this year as heavy investments spur new output and demand for its lighter crudes win more buyers, especially in China and India. Production is projected to rise 210,000 barrels per day (bpd) in 2017, second only in the size of additional supply to the United States among non-OPEC producers.