More than 50 members of the World Trade Organization signed an agreement on Wednesday to remove import tariffs on 201 information technology products, marking the first major global tariff-cutting deal in 19 years.
The United States Congress has taken a step closer to granting long-awaited approval to reforms of the International Monetary Fund that would give China and other emerging economies a greater voice in shaping the institution's policies.
Argentina's Foreign ministry recalled that on 16 December the country commemorates the 50th anniversary of UN General Assembly Resolution 2065, the first referred to the question of the Malvinas Islands.
Argentina announced on Wednesday it was lifting currency controls and would allow the peso to float when markets open on Thursday, setting the stage for a devaluation, following pledges by new president Mauricio Macri for reforms to spur economic growth.
Brazil's Supreme Court delayed until Thursday a crucial decision related to a procedural question in a case that could lead to President Dilma Rousseff's impeachment. The decision, originally scheduled for Wednesday, was postponed after the court ran out of time. Tomorrow we'll stay as long as necessary, said Chief Justice Ricardo Lewandowski.
The United States Federal Reserve on Wednesday delivered its first interest rate hike since 2006, with the decision a unanimous one. The central bank raised its key federal funds rate to 0.25%, up from at or near zero percent for the last seven years.
President Mauricio Macri's administration announced the end of restrictions on imports into Argentina, with the current controls of 'sworn statements' or DJAI, replaced by a system of automatic and semi-automatic licences.
HMS Lancaster, a type 23 Frigate is in Gibraltar for a few days to top up on fuel and supplies and allow its crew some rest and recuperation. HMS Lancaster recently completed a 9-month deployment to the South Atlantic where she conducted Atlantic Patrol Tasking, and made over 23 port visits in 18 countries.
The all powerful Sao Paulo Federation of Industries, FIESP, formalized on Tuesday its support to the impeachment process against Brazilian president Dilma Rousseff, thus becoming the first business corporation to publicly express such stance that could end with the removal of the head of state of Latin America's largest economy.
Petrobras, Brazil's largest corporation, carried out asset sales and underwent a restructuring this year in response to a severe financial crisis, emerging smaller but with a more profitable and productive future ahead, CEO Aldemir Bendini said Tuesday.