Fifty one nations on Wednesday signed what was hailed as a milestone in the fight against tax evasion, an agreement that commits them all to automatic exchange of tax information starting in 2017. The accord capped a two-day meeting of officials from most of the 123 nations that have joined the Global Forum, which evolved from an agreement by Germany and Britain two years ago to crack down on tax evasion and tax fraud.
Argentine Cabinet chief Jorge Capitanich called bondholders to “take legal action against (US Judge Thomas) Griesa instead of demanding the acceleration of (Argentine) bonds,” following rumors that Owl Creek Asset Management LP is discussing the formation of a group to demand immediate repayment on bonds.
Sweden has recognized the State of Palestine, the country’s foreign minister has announced, making it the first European Union country to do so. The 130 other nations that already recognize a Palestinian State include Hungary, Slovakia and Poland although these three countries took this step before joining the EU.
The World Bank's Doing Business global rating is not very enthusiastic about Latin American and the Caribbean which only first surfaces in position 34 out of the 189 countries considered.
In a surprise move and in divided vote (5 to 3), Brazil's central bank monetary board, Copom, decided to raise its benchmark Selic rate by 25 basis points to 11.25%. A majority of economists and analysts anticipated that the bank would opt to keep rates unchanged.
In a strong editorial the influential Folha de Sao Paulo argues that Brazil's reelected President Dilma Rousseff must reestablish confidence to the nation, which is divided regionally and socially, must implement a fluid dialogue with productive Brazil because the economy needs changes and new faces, and must rule for all the country, because victory was the result of millimetrical dispute in Sunday's runoff.
Venezuela recalled its ambassador to Spain to protest interventionist declarations made by Spanish Prime Minister Mariano Rajoy, the Venezuelan News Agency (AVN) said on Tuesday.
A Royal Navy warship has seized cocaine with a wholesale value of £10 million from a yacht in the Caribbean. Just 24 hours after helping in the aftermath of Hurricane Gonzalo in Bermuda, the Type 23 frigate HMS Argyll’s Lynx helicopter spotted the yacht in the Atlantic.
King Felipe VI and Queen Letizia on Wednesday welcomed Chilean President Michelle Bachelet at the start of her official visit to Spain, expected to center on economic cooperation.
Prince Charles and his wife Camilla were welcomed to Colombia with military honors on Wednesday, at a ceremony led by the president Juan Manuel Santos to mark the couple's first royal visit to the country.