Jim Yong Kim, the US nominee to lead the World Bank, will win broad international support despite an unprecedented challenge by candidates from emerging economies, US Treasury Secretary Timothy Geithner said in an interview.
The euphoria around a small-to-medium oil discovery off the southwest coast of Ireland may be overblown but the country could yet become a significant producer if it can replicate the drilling success in much deeper waters to the west
The president of Argentina’s Central Bank (BCRA), Mercedes Marcó del Pont, stressed the importance of the recently approved bank’s charter reform and denied that printing currency leads to the creation of an inflationary state “since inflation is rooted in other causes”.
Argentina’s Energy Secretary Daniel Cameron will propose that oil prices for export be raised to 63 dollars per barrel from the current 42 dollars, the Argentine newspaper La Nacion reported Sunday on its website.
The number of Brazilians categorized as middle class has risen rapidly in recent years, climbing from 34% of the population in 2004 to 54% in 2011, according to a study released by consumer finance firm Cetelem BGN and the Ipsos research institute.
As was anticipated yet another Argentine province, Salta, announced Sunday its decision to revoke a concession from Spanish held oil company YPF. The governor from the north-west province of Salta, Juan Manuel Uturbey, and a close ally of President Cristina Fernandez, announced his decision to revoke oil company YPF concession of the Tartagal Oeste area and his intention to include it in a list of areas that will be put out to tender.
The outbreak of African swine fever (ASF) has recently been reported at a hunting farm in Zamurovskoe, Volgograd region in the south of Russia, according to the representatives of the Regional Office of Rosselkhoznadzor.
Italian Prime Minister Mario Monti expressed concern about Spain's public finances and said it would not take much to reignite the Euro zone debt crisis and revive the risk of it spreading to Italy.
The amount spent to protect the Falkland Islands is to fall according to reports in the British media however the Ministry of Defense attributes the changes to ‘accounting policy’ and insists it has the capacity to repel any Argentine aggression of the Islands.
Uruguay’s economic growth slowed more than economists forecast in the fourth quarter as a refinery closure and the start of a drought trimmed a nine-year expansion; nevertheless the Central Bank said overall expansion in the twelve months of 2011 was “very good” in the current global context and just short of government’s target.