The Central Bank of Colombia Friday surprisingly decided to lower the interest rate by 25 basis points to 7.50 percent to support the recovery of the economy and to push inflation towards the target set for the coming semester.
Norwegian Air Shuttle, one of the largest low cost airlines in Europe, has made the decision to start start operating in Argentina in November next year. We have taken that decision and for that we have already taken some concrete steps to be able to fly domestic and regional routes in Argentina, said Norwegian spokesman Alfons Claver.
The Cuban government Friday allowed farmers to hire workers directly and no longer have to go to cooperatives in a step to set aside strict controls on their economy to boost production for a country which imports more than two-thirds of its food. In other areas of the economy, such as restaurants, Cuba has already allowed small business owners to hire their staff directly.
Argentine President Mauricio Macri said Friday that we have come from years of isolation and bad relations with almost all countries except Venezuela and Iran. He added that this year we have experienced a Copernican change in that sense.
Two Falklands lawmakers, MLA Mike Summers and MLA Phyl Rendell, will represent the Islands government as part of the British delegation at meetings with Argentina in London next Monday and Tuesday. According to a release from the Islands' government the principal item to be addressed is a second flight from South America to the Falklands that was agreed in a September Joint Statement between the UK and Argentina.
After accusing the United States of violating their nuclear deal, Iran’s President Hassan Rouhani has ordered the head of the country’s Atomic Energy Organisation to outline the development of nuclear-powered warships.
Brazil's oil company Petrobras has agreed to sell its 49% stake in the sugar and ethanol joint venture Nova Fronteira Bioenergia SA to partner São Martinho SA, both companies said in securities filings on Thursday. Petrobras will receive 24 million new São Martinho shares as payment for the stake. Petrobras said in the filing that it will attribute a US$133 million value to the deal.