Economy

• Tuesday, March 22nd 2016 - 02:13 UTC

  Obama scheduled to address the Cuban people on national television and meet dissidents

  

  President Barack Obama in Havana has a busy agenda scheduled for Tuesday which includes a major speech that Cuban officials said would be carried on TV. Before departing for Argentina, Obama has planned to meet with political dissidents and attend a game between Major League Baseball's Tampa Bay Rays and Cuba's beloved national team.

• Tuesday, March 22nd 2016 - 01:40 UTC

  Obama and Castro agree to disagree, but determined to advance in “a new day”

  

  Cuban President Raul Castro directly challenged President Obama on the heels of their historic meeting in Havana on Monday to lift more restrictions on the island and return land used for the U.S. naval base at Guantanamo Bay – as the visiting U.S. president, in turn, chided the Cuban government on democracy and human rights

• Tuesday, March 22nd 2016 - 01:35 UTC

  “Give me the name of a political prisoner, he will be released before tonight” Castro challenges US reporter

  

  Cuban President Raúl Castro sparred with US reporters on Monday over Cuba’s human-rights record, saying at one point that it was not fair to ask about prisoners in general and at another point that he would release by the end of the day anyone named as a political prisoner by a reporter.

• 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.

• 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 - 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.

• Thursday, March 17th 2016 - 06:01 UTC

  Falklands' oil industry making steady advance 'with positive signs from Argentina', says GlobalData

  

  Falkland Islands' oil and gas industry is making steady advancement in spite of global concerns about falling prices, according to new analysis by GlobalData. With positive signs coming from the neighboring Argentina, which recently witnessed a change in government, the Falklands is preparing to commercialize production of its first oil project, Premier Oil's Sea Lion.