Stories for March 2016

Saturday, March 19th 2016 - 06:09 UTC
Neymar ordered to pay US$ 52.2 million in back taxes to the Brazilian Treasury

A Brazilian court has found Barcelona striker Neymar guilty of tax fraud and ordered him to pay 188.8 million Reais (US$ 52.2) in back taxes, interest and penalties according to reports on the local media on Friday.
Saturday, March 19th 2016 - 05:54 UTC
Argentina concerned about Brazilian political situation's impact on bilateral trade

The Argentine government expressed its concern about the impact the Brazilian political crisis will have on trade between the two countries. Argentina and Brazil are the principal partners in the Mercosur common market, which also includes Paraguay, Uruguay and Venezuela. Brazil and Argentina are mutually principal destinations for their manufactured goods, meaning that bilateral trade is crucial for both.
Saturday, March 19th 2016 - 05:41 UTC
Praise for Obama's decision to declassify documents from the Argentine dictatorship

There is no doubt about the participation of the United States in Argentina’s bloody 1976-1983 military dictatorship, Human Rights Secretary Claudio Avruj said in Buenos Aires following the news that Washington announced it will declassify military and intelligence files from the Dirty War period ahead of Barack Obama’s visit to the country.
Saturday, March 19th 2016 - 05:31 UTC
Evita Peron's 1951 Cadillac official limousine to be auctioned in England

A 1951 Cadillac which was Argentina's charismatic leader Evita Peron official limousine will be auctioned on Sunday 20 March by Bonhams at Chichester, southern England. The going price for the black classic, which was also used by Evita´s husband, three times Argentine president Juan Domingo Peron, is estimated at between 120.000 and 150.000 Euros.
Friday, March 18th 2016 - 05:55 UTC
Strong 2016 wheat harvests seen in China and South Asia

FAO's latest Cereal Supply and Demand Brief forecasts a 1.4 percent drop in worldwide wheat output in 2016, due mainly to dry weather leading to reduced winter plantings in the Russian Federation and Ukraine. However, China and Pakistan are expected to sustain near-record wheat harvests, and India's output is anticipated to recover.
Friday, March 18th 2016 - 05:49 UTC
Fed cautious on global economy uncertainties leaves rates unchanged: markets react positively

US markets rose on Wednesday, following the decision by the Federal Reserve to keep interest rates unchanged and a statement indicating the rate would only rise twice in 2016. The Dow Jones industrial average climbed 79.64 points to 17,331.17. The S&P 500 gained 11.68 points to 2,027.61, while the tech-focused Nasdaq index was up 35.30 at 4,763.97.
Friday, March 18th 2016 - 05:40 UTC
Obama should fully reveal documents from Argentina's 1976/1983 dictatorship and the US role, says NYT

The New York Times published on Thursday an editorial in which the newspaper referred to president Barack Obama’s visit to Argentina next week and the role played by the United States in the country’s 1976-1983 civil-military dictatorship, saying the president of that country “should make a pledge that Washington will more fully reveal its role in a dark chapter of Argentine history.”
Friday, March 18th 2016 - 03:18 UTC
Lula cabinet chief for twenty minutes; street protests in Brazilian cities

Former leader Lula da Silva was sworn in as President Dilma Rousseff's chief of staff on Thursday amid a deepening crisis in Brazil as protests against his appointment continued for a second day and a judge sought to block the move.
Friday, March 18th 2016 - 03:12 UTC
Brazilian markets surge on prospects Rousseff will be removed

Brazilian share prices surged on Thursday to close 6.6% higher, a seven-year record, after fresh setbacks to populist President Dilma Rousseff raised the prospect of her being driven from power.
Friday, March 18th 2016 - 03:03 UTC
It's official: Mercosur and EU will exchange offers for a trade accord on 8 April

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.