Economy

Friday, May 13th 2016 - 08:49 UTC
Anti corruption summit turns the spotlight on rich countries banks and real estate brokers

Thursday’s world summit on fighting corruption was a time for Britain and the United States to look at their own policies and their role as shelters for billions of dollars stolen by corrupt politicians in developing countries.
Friday, May 13th 2016 - 07:39 UTC
Argentina and UK agree on the need to identify areas of cooperation in the South Atlantic

Argentina and UK agreed to disagree on the Falklands/Malvinas question, but coincided that the issue should not be an obstacle for the development of a wider positive agenda. Furthermore the two countries agreed on the need to identify possible areas of cooperation in the South Atlantic, such as exploitation of natural resources, and connectivity between the continent and the Islands.
Friday, May 13th 2016 - 06:58 UTC
Temer cabinet: inflation hawk in Finance and an anti-populist in foreign affairs

Brazilian acting President Michel Temer on Thursday chose leading figures from nine centrist and conservative parties for his Cabinet, which for the first time in decades has no female ministers.
Friday, May 13th 2016 - 06:46 UTC
Temer calls on Brazil to rally behind the “national salvation” government

Brazil's acting President Michel Temer called on his country to rally behind his government of “national salvation” hours after the Senate voted to suspend and put on trial his populist predecessor, Dilma Rousseff, for breaking budget laws.
Friday, May 13th 2016 - 06:27 UTC
Uruguay says beef and ethanol are included in Mercosur/EU proposals, but with no volumes or time span

Uruguay's foreign minister Rodolfo Nin Novoa said on Thursday that all agriculture products are included in negotiations for a wide ranging trade and cooperation agreement between Mercosur and the European Union. The chief negotiator for Mercosur underlined that contrary to what was announced by some media, beef and ethanol are included in the proposals exchanged on Wednesday in Brussels between the two blocks.
Thursday, May 12th 2016 - 17:37 UTC
Temer acting president of Brazil after a 55/22 Senate vote to impeach Rousseff

After 20 hours of debate, a clear majority in the Brazilian Senate voted on early Thursday morning to suspend Brazilian President Dilma Rousseff, an action that removes her temporarily from office and sees her replaced by interim vice-president Michel Temer during her impeachment trial, which in 180 days could see her successor become full president until January 2019.
Thursday, May 12th 2016 - 08:53 UTC
Goldfajn considered the most probable candidate for Brazil's central bank

Brazil's Vice President Michel Temer could wait until June to appoint a new central bank chief if he takes over the reins of power this week, as part of a gradual transition to replace the bank's eight-member board, his spokesman said on Wednesday.
Thursday, May 12th 2016 - 08:21 UTC
St. Helena airport certified, which brings opening day closer

British Overseas Territory St. Helena achieved a major milestone on Tuesday when Air Safety Support International (ASSI) issued an Aerodrome Certificate to brand new St Helena Airport - having been satisfied that the Airport infrastructure, aviation security measures and air traffic control service complies with international aviation safety and security standards. This follows a final inspection of the Airport by an ASSI team last month.
Thursday, May 12th 2016 - 04:42 UTC
EU and Mercosur exchanged market access offers; beef and ethanol excluded as 'sensitive' products

Trade Commissioner Cecilia Malmström and the Foreign Affairs Minister of Uruguay Rodolfo Nin Novoa, on Wednesday exchanged EU and Mercosur offers on access to their respective markets of goods, services and establishment and government procurement. However this first exchange excluded 'sensitive' items such as beef and ethanol, according to EU sources. The details of the documents exchanged were not made public.
Wednesday, May 11th 2016 - 14:03 UTC
Panama Papers are becoming an additional challenge for President Macri

Argentine Federal Judge Sebastian Casanello has sent legal requests to Uruguay, United Kingdom, Ireland, Panama and Brazil, and likewise ordered local financial institutions in the country to provide data on the Macri family accounts as part of an ongoing investigation of the Argentine president overseas assets in so called tax havens, which emerged from the latest release of Panama Papers by the International Consortium of Investigative Journalists.