Citigroup's net income increased to $3.6 billion in the fourth quarter 2016, primarily driven by the lower operating expenses and cost of credit, partially offset by lower revenues. Citigroup's effective tax rate was 30% in the current quarter compared to 29% in the fourth quarter 2015.
Mercosur, or the Southern Common Market, is a customs union between Brazil, Argentina, Uruguay and Paraguay. It was originally set up in 1991. Bolivia, Chile, Colombia, Ecuador and Peru have associate member status. Bolivia may be incorporated as a full member soon.
Terroir Definition. Terroir is how a particular regionâs climate, soils and aspect (terrain) affect the taste of wine. Some regions are said to have more âterroirâ than others. What is âterroirâ and how does it affect the taste of wine? âTerroirâ is one of the most used and least understood wine words.