Economy

• 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.

• 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.