Royal Bank of Scotland's proposed sale of 316 branches and other interests to Santander has collapsed. The Spanish bank pulled the plug on the sale, saying that the already-delayed deal could not be completed by the revised deadline.
Argentine Economy Minister Hernán Lorenzino ratified Wednesday’s down payment of the “Bonar X” dollar-bond for 200 million dollars and blasted credit rating agencies which along with speculators “set terrorist reports in order to make some profit out of it.”
Uruguayan supermarkets pledged to help the government of President Jose Mujica to keep inflation below 10% at the end of the year even when in the first nine months of the year it reached 8.64%.
Paraguay expects a significant upsurge in beef sales this year, despite the reported outbreaks of foot and mouth disease, because of the strong demand from Russia, according to local analysts.
The European Union could be destroyed by the nightmare Euro crisis, and Germany needs to take the responsibility to save the common currency, billionaire fund manager George Soros said on Monday.
Brazil’s central bank president Alexandre Tombini refuted on Monday arguments that the US expansionist monetary policy do not harm emerging countries such as Brazil.
Condemned by recession, almost a million persons have left Spain since January last year according to a report from the country’s National Statistics Institute, INE, which also points out that the trend has intensified in the first nine months of this year.
An Argentine video game allows players to compare the prices used by the National Statistics and Census Institute, Indec, to measure inflation with those consumers say they pay, a pastime that has caused angry reactions among players when they see the gap.
Federal Reserve chairman Ben Bernanke has defended the central bank's measures to bolster the US economy. Brazil has said US monetary easing to keep interest rates low and weaken the dollar has hurt emerging economies. And IMF chief Christine Lagarde warned on Sunday of consequent asset bubbles developing in emerging nations.
China's policymakers have been given more room to boost stimulus measures after the country's inflation rate dipped in September. Consumer prices rose 1.9% from a year earlier which is down from a rate of 2% in August.