Economy

• Thursday, March 24th 2016 - 01:10 UTC

  Brazil's chief of staff warns about the “dangerous precedent” of ousting an unpopular government

  

  Brazilian President Dilma Rousseff's chief of staff on Wednesday said ousting her would set a “dangerous” precedent for unpopular governments to be toppled in the future. On Tuesday Rousseff said that ongoing impeachment proceedings against her in Congress constituted a “plot” against Brazil's institutions and the nation's stability.

• Wednesday, March 23rd 2016 - 21:26 UTC

  Macri anticipates “mature, constructive relations with the US” and pledges to strengthen Mercosur

  

  Argentine president Mauricio Macri at the beginning of the press conference Wednesday midday in Casa Rosada (Government House), highlighted the visit of Barack Obama's to Argentina and said “a stage of mature, intelligent and constructive relations is beginning.”

• Wednesday, March 23rd 2016 - 20:29 UTC

  Obama tells the world of US support for Macri and his swift pace of economic reforms

  

  In his first press conference in Buenos Aires, United States president Barack Obama sent a strong message of support to his peer Mauricio Macri and his policies, praising him for the swift pace of reforms to create a stronger economy and said Washington was ready to work more closely with Argentina after years of tension.

• Wednesday, March 23rd 2016 - 19:19 UTC

  Doing business between Uruguay and United Kingdom

  

  The Association of Graduates of British Universities (GBUA) together with the Association of Young Entrepreneurs (AJE Uruguay), organized a panel in which young Uruguayan entrepreneurs spoke about their experiences of doing business with the UK.

• Wednesday, March 23rd 2016 - 05:48 UTC

  Panel of experts will name the new UK polar research vessel

  

  The name of a new British polar research vessel will be chosen by a panel of experts, even if the public overwhelmingly votes to call it Boaty McBoatface. Lord West, ex-First Sea Lord, said he was rather proud “silly names” had been suggested but hoped none were chosen.

• Wednesday, March 23rd 2016 - 05:19 UTC

  Obama and Macri are scheduled to hold a first meeting late morning in Casa Rosada

  

  President Barack Obama kicks off on Wednesday the first visit of a US president to Argentina in twenty years, and although no great announcements are expected it will be a great boost to Mauricio Macri's three month administration, his bold economic reforms and effective efforts to reinsert Argentina in the world.

• Wednesday, March 23rd 2016 - 04:07 UTC

  Falklands/Malvinas not included in Obama/Macri agenda, says Malcorra

  

  Argentine president Mauricio Macri will not bring up the issue of the Falkland/Malvinas Islands during his meetings with visiting president Barack Obama, much less request his mediation in the dispute, according to foreign minister Susana Malcorra.

• Wednesday, March 23rd 2016 - 02:14 UTC

  Obama magic: from Cuba next to Castro, calls for an end to US embargo and for free and democratic elections

  

  Crowning a remarkable visit to Cuba, United States President Barack Obama on Tuesday declared an end to the “last remnant of the Cold War in the Americas” and openly urged the Cuban people to pursue a more democratic future for their nation 90 miles from Miami. He also sent a strong message to his critics back in the US.

• Tuesday, March 22nd 2016 - 15:58 UTC

  Unveiling China's power struggle: 'princeling' Xi pushing aside collective leadership

  

  By Gwynne Dyer
  
  
  Opening the National People's Congress in Beijing, Prime Minister Li Keqiang set China's growth target for the coming year at 6.5-7 per cent, the lowest in decades. Only two years ago, he said 7% was the lowest acceptable growth rate, but he has had to eat his words. He really isn't in charge of very much anymore.

• Tuesday, March 22nd 2016 - 06:25 UTC

  Petrobras losses in 4Q climb to US$ 10bn; more staff cuts expected

  

  Brazil's state-run oil company, Petrobras, reported a record quarterly loss of $10.2 billion on Monday due to a large reduction in the value of some assets amid lower oil prices. Petrobras has been at the center of a sprawling corruption scandal that has ensnared some of Brazil's most powerful lawmakers and business executives.