IMF said on Wednesday that it is assessing the quality of Argentina's reporting on economic data based on a report presented by the fund’s management which recently visited the country member.
Brazil’s oil reserves, including recent discoveries in deep waters of the Atlantic Ocean, are of a similar size to those found in the North Sea, said a Petrobras exploration official in an interview in London.
Uruguay had its foreign currency issuer default rating raised to BB+ from BB by Fitch Ratings, which cited improved external and fiscal solvency ratios. The rating outlook was revised to stable from positive.
In a bid to encourage young people to live and work in the Camp, the Falkland Islands Training Centre is now offering an Agriculture Apprenticeship following much research and planning that started in early 2010.
Gibraltar’s economy is performing well and its current debt levels are not a cause for concern said Professor Albrecht Ritschl from the London School of Economics interviewed by Radio Gibraltar to provide an independent assessment of the latest economic data presented in the local Parliament last week.
Federal Reserve Chairman Ben Bernanke warned the United States Congress that overzealous cuts to government spending could derail an already fragile recovery and said a US debt default could wreak financial havoc.
Brazilian president Dilma Rousseff is facing further political unrest in the ruling coalition following the naming of a new Transport Minister, apparently a unilateral decision that was not shared by several allies.
The IMF said private sector involvement was fundamental to a Greek bailout and urged Athens to move faster on fiscal and structural reforms to avoid debt default.
Germany’s Volkswagen has sold 4 million cars worldwide in the first half of 2011. The company hopes momentum from emerging markets will help it achieve its goal of selling 10 million cars annually before 2018.
European Commission is to examine aid paid out by the German government to car manufacturers BMW and Volkswagen. The money has been pledged to promote projects in eastern Germany.