Economy

• Monday, February 22nd 2016 - 08:43 UTC

  Unemployment in Brazil reaches 9% in Sept-Nov rolling quarter

  

  Unemployment in Brazil was 9% during the September-November rolling quarter, unchanged from the August-October period, the Brazilian Institute for Geography and Statistics reported.

• Monday, February 22nd 2016 - 08:35 UTC

  Citibank selling consumer banking in South America's three largest economies

  

  Citibank is planning to sell the consumer banking operations it has run for a century in Argentina, Brazil and Colombia as South America’s three biggest economies suffer a major downturn. The New York-based bank said in a statement that its decision was prompted by a desire to allocate resources where it can generate the best returns.

• Monday, February 22nd 2016 - 08:28 UTC

  Brazil heading for a record crop of 100 million tons of soybeans

  

  As the soybean harvest gets under way in Brazil, analysts are having a clearer picture of whether the forecast record-setting crop will hit the century mark of 100 million tons despite hot and dry weather in Mato Grosso and northeastern Brazil as pods set and fill.

• Saturday, February 20th 2016 - 10:32 UTC

  Shell suggests Petrobras should cede some drilling rights to foreign firms

  

  Brazil’s government-owned oil giant Petrobras should cede some of its drilling rights to foreign firms, Royal Dutch Shell Oil CEO Ben van Beurden was quoted saying in Estado de Sao Paulo newspaper.

• Saturday, February 20th 2016 - 06:50 UTC

  Cameron hails 'special status' deal for Britain in the EU, after marathon summit

  

  Prime Minister David Cameron hailed on Friday a landmark “special status” deal for Britain in the EU, and pledged to campaign heart and soul to stay in the block in a historic referendum scheduled for June.

• Saturday, February 20th 2016 - 06:41 UTC

  Griesa prepared to drop injunction if Argentine congress repeals 'lock law'

  

  The judge presiding over a long-running battle between Argentina and a group of New York hedge funds said on Friday that he would lift an injunction that had locked Argentina out of international markets, if certain conditions are met.

• Saturday, February 20th 2016 - 06:29 UTC

  Uruguay's cruise season recorded 250.000 passenger landings in three months

  

  More than 250.000 passengers and crew members from cruise vessels visited Uruguay during the three months extending from November to January, according to the latest release from the country's Ministry of Tourism. The number of calls in Montevideo during that period was 58, with 156.100 people of which 112.400 (72%) came ashore.

• Saturday, February 20th 2016 - 04:06 UTC

  Lagarde confirmed for a second five year term as IMF Director General

  

  The Executive Board of the International Monetary Fund (IMF) on Friday selected Christine Lagarde to serve as IMF Managing Director for a second five-year term starting on July 5, 2016. The Board’s decision was taken by consensus.

• Friday, February 19th 2016 - 04:35 UTC

  Macri and Renzi vow to promote bilateral trade and Italian investments in Argentina

  

  President Mauricio Macri and visiting Italian premier Matteo Renzi vowed to “re-launch bilateral relations”, and emphasized the Italian interest in participating in energy, transport, gas and technology projects in the country which has become home to one of the largest Italian migrations.

• Friday, February 19th 2016 - 04:24 UTC

  Brazil biggest environmental disaster: compensation agreement could be signed this week

  

  The Brazilian government expects to reach an agreement by Friday with Samarco Mineração to settle a 20 billion-real (US$4.9 billion) lawsuit for damages in the deadly dam disaster which burst in inland Minas Gerais creating a tsunami of mud and waste that killed 17 people and reached the Atlantic ocean.