Former Colombian finance minister Jose Antonio Ocampo ended his bid to become World Bank president on Friday, leaving two candidates in an unprecedented challenge to US control of the global development institution.
Argentine president Cristina Fernandez leaves on Friday for Colombia to attend the two-day sixth Summit of the Americas where she is scheduled to hold a meeting with President Barack Obama on request from the White House, according to the Executive press office in Buenos Aires.
Argentine opposition lawmakers presented on Thursday March’s inflation index based in the analysis of nine private agencies, which showed a 2.3% increase over the previous month.
The FAO Food Price Index (FFPI) averaged 216 points in March 2012, virtually unchanged from 215 points in February. Among the various commodity groups, only oils prices showed strength, compensating for falling dairy quotations, while the indices of cereals, sugar and meat prices were largely unchanged from February’s level
World trade growth will slow for a second year to 3.7% in 2012 but “severe” downside risks could drive it further below the 20-year average of 5.4%, the World Trade Organization forecast on Thursday.
FIFA President Sepp Blatter is trying to schedule a trip to Brazil to speak at a public hearing about a controversial World Cup bill FIFA wants approved as soon as possible.
Billionaire investor George Soros said financial markets are concerned other countries will follow Germany’s Bundesbank in girding against the end of the Euro.
The Argentine maritime workers union, SOMU, decided not to work overtime, a measure which affects most ports from inland Rosario on the Paraná River to Bahía Blanca on the South Atlantic, when thousands of trucks are lined up with the summer harvest.
Jim Yong Kim, the US nominee to head the World Bank, told the bank's board of directors that he would not hesitate to question the status quo and do his best to help the world poorest.
The US and forty countries which formalized a joint statement before the World Trade Organization complaining about Argentina’s trade restrictions are considering moving a step further and begin a “disputes settlement” process which could lead to an open condemnation if the administration of President Cristina Kirchner does not lift the protectionist network.