MercoPress. South Atlantic News Agency
Stories for March 3rd 2016
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Thursday, March 3rd 2016 - 05:35 UTC
Brazilian company admits, in plea bargain, illegal payments to Rousseff presidential campaign
Executives from Brazil's second-largest engineering company, Andrade Gutierrez have testified that the company paid suppliers for President Dilma Rousseff's 2010 electoral campaign off the books, newspaper a Folha de S.Paulo reported on Tuesday.
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Thursday, March 3rd 2016 - 05:27 UTC
Petrobras loses tax case; discussing sale of assets in Argentina to Pampa Energia
Brazil's state-run oil company Petrobras may be forced to pay 7.3 billion Reais (US$1.9 billion) in back taxes and fines after a decision by the country's tax authority Carf, newspaper Valor Economico reported on Wednesday.
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Thursday, March 3rd 2016 - 05:22 UTC
Brazil will allow foreign companies to hold a 49% stake in the country's airlines
The government of President Dilma Rousseff has raised from 20% to 49% the maximum stake that foreign companies can hold in Brazilian airlines, according to an executive order signed by the president and published on Wednesday in the Diario Oficial, Official Gazette
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Thursday, March 3rd 2016 - 05:11 UTC
EU top official expected in Argentina to bolster Mercosur/EU trade negotiations
Argentine president Mauricio Macri is scheduled to receive in a week's time the European Union head of foreign affairs, Federica Mogherini who is expected to announce that all is ready to begin, next April, formal negotiations for the long-delayed trade and cooperation agreement between Mercosur and the EU.
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Thursday, March 3rd 2016 - 05:03 UTC
Brazil leaves key interest rate unchanged at 14.25% for the fifth time running
Brazil's central bank kept interest rates on hold on Wednesday as widely expected, opting to avoid inflicting more harm on an economy mired in its worst recession in decades despite a surge in inflation. In a split vote, the bank's monetary policy committee, Copom, kept its benchmark Selic rate at 14.25% for the fifth straight time.
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Thursday, March 3rd 2016 - 04:57 UTC
Griesa lifts injunctions: 'Argentina needs time to raise money to pay creditors'
A judge sided with Argentina in its debt standoff on Wednesday, agreeing to let orders protecting creditors expire so that large U.S. hedge funds and smaller entities and people can be paid at least US$6.2 billion to satisfy settlements reached over the last month.
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Thursday, March 3rd 2016 - 04:47 UTC
Republicans work out strategy to stop Trump in Ohio and Florida primaries
Following on Donald Trump's sweeping win on “super-Tuesday” Republican strategists are planning support for Ohio governor John Kasich so he can take his state presidential primary on 15 March and similarly with hopeful Senator Marco Rubio in his home state of Florida.
