The United States State Department 2008 International Narcotics Control Strategy Report makes a link and describes Spain as the grand European centre for money laundering, according to the Gibraltar Chronicle.
Colombia is assessing the economic impact of the current diplomatic conflict with Ecuador and Venezuela which represented 9 billion US dollars in trade last year and a significant boost for the country's economic expansion.
Some of Europe's leading banks are also facing problems as a consequence of the downfall from the US credit crisis and for having possibly breached US rules banning banks from doing business with countries on a terrorist blacklist.
France's biggest retail bank Credit Agricole made a loss in the last three months of 2007, hit by a hefty charge at its Calyon investment banking arm.
The European Central Bank (ECB) kept interest rates unchanged at 4% on Thursday as concerns about inflation persist. Earlier in London the Bank of England's Monetary Policy Committee adopted a similar decision keeping interest rates on hold at 5.25%.
The chairman of the US Federal Reserve, Ben Bernanke, has said more should be done to prevent homeowners facing foreclosures unnecessarily. Bernanke warned there had been a 50% rise in foreclosures in 2007 to one and a half million, and this is expected to worsen as mortgage repayments rise.
The Fed chairman told a meeting of US bankers that the situation called for a vigorous response. This would help communities and the wider economy, he said.
HSBC, the UK's largest bank, has said it has made a 17.2 billion US dollar loss after the decline in the US housing market hit the value of its loans. However annual profits still rose 10% to 24.2 billion, up from 22.08 billion the year before.
The US dollar marked its sixth consecutive fall and reached a new ten year minimum against the Chilean peso pushed by the interest rates differential between Chile and United States and the sustained growing price for copper.
Argentine President Cristina Fernández de Kirchner vowed on Saturday to sustain the current economic model which has spurred the greatest growth in a century and if this year confirms the current expansion rate, in Argentina's history.
Magallanes Region in the extreme south of Chile has the lowest unemployment in the country, 1.8%, according to the latest release from the country's Statistics Office, INE.
United States consumer spending rose more than expected in January, but much of the gain was down to rising prices. The Commerce Department said on Friday personal spending rose 0.4% last month, a bigger rise than economists were expecting.