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. sounds like âtare WAHrâ. 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.erroir is how a particular regionâs climate, soils and aspect (terrain) affect the taste of wine.