The European Union and South American trade bloc Mercosur should intensify talks to reach a trade agreement this year, Spanish Prime Minister Mariano Rajoy said on Tuesday, urging haste after 18 years of negotiations.
The Economic Commission for Latin America and the Caribbean (ECLAC) updated growth projections for economic activity in the region in 2017 and forecasts a 1.1% average expansion for this year, the United Nations body stated on Monday in a press release. This projection is slightly below the 1.3% that was estimated in December 2016.
European stock market rally sparked by the French presidential election spread to Wall Street on Monday. All three main US share markets jumped more than 1%, with the tech-heavy Nasdaq index closing at a record high. Europe's main markets jumped at least 2% and the euro hit a five-month high as fears over the election eased.
Buenos Aires said on Tuesday it was prepared to help financially Santa Cruz province, but demanded a serious program to put in order the regional government´s accounts, which has seen its basic services of education, healthcare and justice paralyzed because of months in arrears to staff.
Argentine and United States presidents Mauricio Macri and Donald Trump will be addressing bilateral trade, the Venezuelan situation, combating drugs and declassification of documents from the last dictatorship when they meet next Thursday at the While House, according to Chargé d'Affaires Thomas Cooney currently running the US embassy in Buenos Aires.
President Michel Temer insists that a growing corruption scandal in his government will not paralyze Brazil as it struggles to emerge from its deepest recession in history. “Brazil doesn’t stop,” he said in an interview broadcast on Spanish television TVE ahead of a visit Monday by Spain’s Prime Minister Mariano Rajoy. “So it won’t be corrupt acts that paralyze the country.”
The value of the Euro jumped to a five-month high, after the first round of voting in the French presidential election on Sunday. Results indicate that independent pro Europe pro deregulation Emmanuel Macron, and far-right Marine Le Pen are through to the final round.
The £20.3bn spent bailing out Lloyds Banking Group during the financial crash has been re-paid in full, UK chancellor Philip Hammond has said. Nine years after the government bought 43.4% of Lloyds, the taxpayer has now got slightly more - £20.4bn - back.
The International Monetary Fund managing director Christine Lagarde said that to get the global economy moving at a faster pace it was necessary to share the benefits of capitalism, more global regulation and more action to protect workers against automation and robots.
Argentine ex president Cristina Fernandez and her sister in law and governor of Santa Cruz province Alicia Kirchner, are holding in at their home in Rio Gallegos surrounded by an angry crowd in the midst of a chaotic situation as police try to disperse protestors with tear gas and rubber bullets.