Mercosur

Mercosur
Wednesday, March 23rd 2016 - 05:19 UTC

Obama and Macri are scheduled to hold a first meeting late morning in Casa Rosada

 At 13:30 the two presidents will hold a press conference at Casa Rosada, and later Obama will cross Plaza Mayo to Buenos Aires cathedral

President Barack Obama kicks off on Wednesday the first visit of a US president to Argentina in twenty years, and although no great announcements are expected it will be a great boost to Mauricio Macri's three month administration, his bold economic reforms and effective efforts to reinsert Argentina in the world.

Wednesday, March 23rd 2016 - 04:07 UTC

Falklands/Malvinas not included in Obama/Macri agenda, says Malcorra

Obama and family will be spending two days in Argentina, in Buenos Aires and in Bariloche. Macri will hold meetings in both cities

Argentine president Mauricio Macri will not bring up the issue of the Falkland/Malvinas Islands during his meetings with visiting president Barack Obama, much less request his mediation in the dispute, according to foreign minister Susana Malcorra.

Tuesday, March 22nd 2016 - 15:38 UTC

Argentine runner wins Falklands' Standard Chartered marathon in record time

Rafael Lencina receives the Stanley Marathon Cup

An Argentine long distance runner has won the Falkland Islands “Standard Chartered Stanley Marathon” which is officially the World's Most Southerly AIMS-Certified Marathon. Rafael Lencina from the northern province of Tucuman completed on Sunday the 26 miles in 2 hours 35 minutes and 34 seconds, which is also a new record for the competition.

Tuesday, March 22nd 2016 - 06:25 UTC

Petrobras losses in 4Q climb to US$ 10bn; more staff cuts expected

Once the crown jewel of Brazil's government, Petrobras' image quickly lost its luster amid mismanagement and corruption.

Brazil's state-run oil company, Petrobras, reported a record quarterly loss of $10.2 billion on Monday due to a large reduction in the value of some assets amid lower oil prices. Petrobras has been at the center of a sprawling corruption scandal that has ensnared some of Brazil's most powerful lawmakers and business executives.

Friday, March 18th 2016 - 03:03 UTC

It's official: Mercosur and EU will exchange offers for a trade accord on 8 April

“Both parties have to make concessions. Argentina is willing to do so and include more sectors, which would then be compensated if they are harmed” Braun said

Argentina is willing to “make concessions” in order to move forward with a free-trade agreement between Mercosur and the European Union (EU), which will likely allow a greater export of agricultural produce, according to Argentina's Trade Secretary Miguel Braun who then reveled that trade offers will be exchanged on April 8.

Tuesday, March 15th 2016 - 05:06 UTC

Lula prepared to accept a ministry to avoid arrest, according to Brazil's leading media

Brazil's top three papers reported Lula was expected to accept a ministerial position after a federal judge was given jurisdiction to rule over charges against him.

Former Brazilian leader Lula da Silva has accepted a key ministerial role in President Dilma Rousseff's government, leading media in Sao Paulo have reported. Members of the governing Workers' Party say his appointment will strengthen her beleaguered administration. In becoming a minister, Lula will also have some legal protection. Allegedly the two are to meet on Tuesday in Brasilia.

Monday, March 14th 2016 - 23:36 UTC

Argentina not planning a trade deal with the US, “it's a joint task for Mercosur”

“Mercosur as such could advance on this kind of trade deal, and we're talking about it but the reading of the talks is so say the least, hasty”, said Malcorra

It would be 'hasty' to consider that Argentina is ready to sign a trade agreement with the United States, but in any case the issue must be addressed by Mercosur, and it's the whole group that should advance in that direction, said Argentina's foreign minister Susana Malcorra.

Monday, March 14th 2016 - 11:35 UTC

Falklands experiences steady growth in cruise visitors and leisure tourists

Tony Mason said the industry will continue to grow as the Falklands has made strategic investments with relevant partners around the world to ensure sustainability.

By Joshua Peck - The number of cruise passengers visiting the Falkland Islands is projected to increase for the third season in a row. Each tourist season, lasting from October to March, sees numerous cruise vessels arrive in the Falklands, with passengers typically disembarking for a single day onshore. The last cruise vessel for the current season is scheduled to arrive on 31st March.

Monday, March 14th 2016 - 11:33 UTC

Argentina's February inflation 4.8%; minister anticipates 1% during second quarter

Renewal Front lawmaker Marco Lavagna warned the latest hikes on electricity bills had “an important role” representing two points of the index.

February’s inflation in Argentina reached 4.8% and has accumulated 33.9% in the last twelve months, according to the so called “congressional inflation index” released laast week. But Finance minister Alfonso Prat-Gay from Chile anticipated that consumer prices will fall to nearly 1% during the second quarter.

Sunday, March 13th 2016 - 23:17 UTC

Mercosur/EU will exchange trade proposals in April, is announced in Argentina

“We are working hard in the EU and Mercosur for a positive exchange of offers to happen in April. It’s an ambitious but realistic goal”, Mogherini said

Mercosur and the European Union will exchange trade proposals in April, a key step for the long delayed trade and cooperation agreement between the two blocks and which has gained strength since the change of administration in Argentina with president Mauricio Macri.

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