In his first press conference as Argentine president-elect, Mauricio Macri announced on Monday he would not have a Secretary of Economy but rather an economic cabinet with six members, and anticipated that the team that will be taking office with him, as well as those in the province of Buenos Aires, will include many officials which do not come from the political system.
By Dr Alasdair Pinkerton - For the first time in 12 years, the new occupant of the Casa Rosada, the presidential palace in Buenos Aires, will no longer bear the surname Kirchner.
The latest developments in the drug trafficking case with relatives of Venezuela’s first lady Cilia Flores indicate that the Venezuelan military is involved in transporting cocaine to Haiti for trans-shipment into the US.
China congratulated Mauricio Macri on Monday for winning Argentina's presidential election and underlined the comprehensive strategic partnership.
United States State Secretary John Kerry congratulated on Monday newly elected president of Argentina Mauricio Macri saying Washington will cooperate “closely” with the administration that will take office on December 10.
”It’s unfair to pin the blame on the August 11 Yuan devaluation because currencies were already declining due to the “unconventional monetary policies” of some nations, Raghuram Rajan was cited as saying in an interview with the SCMP.
The inclusion of the Chinese currency in the International Monetary Fund's special drawing rights (SDR) basket is long awaited, long overdue and, finally, all but a foregone conclusion.
China said it cracked the nation’s biggest “underground bank,” which handled 410 billion Yuan (USD64 billion) of illegal foreign-exchange transactions, as the authorities try to combat corruption and rein in capital outflows that have hit records this year.
Job losses in Brazil accelerated in October to the fastest pace so far this year as the country's political and economic crisis continues to worsen. Brazil's economy lost a net 169,131 payroll jobs in October, the Labor Ministry reported, up from 95,602 layoffs in September.
A new report from Transparency International says most of FIFA’s 209 member associations publish little or no information about how they spend millions of dollars from world football’s governing body. Highlighting the potential for corruption, the study into the governance structures of the federations questions what the FAs do with the more than $1m they each received from FIFA in 2014.