SWIFT's Tracker for the Chinese currency (Yuan or Renminbi, RMB) shows that United States' Yuan payments value increased by 327% between April 2013 and April 2014, placing the United States at number three 3 in the world for payments value, excluding China and Hong Kong.
Uruguay issued 2 billion dollars of a new 2050 global bond on Tuesday at a spread of 165 to 170 basis points over U.S. Treasuries as part of the government's bid to put less strain on its accounts in the near- and medium-term, it was reported.
A panel of Chilean Cabinet ministers voted unanimously on Tuesday to reject the 3.2 billion dollars HidroAysen mega-project, which envisioned the construction of five power-generating dams in the environmentally sensitive Patagonia region.
Hundreds of supporters of the Falkland Islands joined Islanders and Task Force Veterans at the annual reunion in London last night.
Thousands of Chilean students marched in the capital Santiago on Tuesday to protest what they see as an inadequate proposal for education reform put forward by center-left President Michelle Bachelet, who took office in March. The second major student demonstration in two months was joined by many high school and university instructors.
Spain's King Juan Carlos, 76, said he was abdicating in favor of his son because he did not want him to wither waiting as Prince Charles expects to in England, according to a report from the Daily Telegraph. The comment reportedly was made to his household staff: I must give way; I have fulfilled my mission
The United States Environmental Protection Agency's new regulations aimed at reducing carbon emissions by 30% will no doubt lead to a cleaner economy. But the road there will be paved with methane. By requiring reductions in the energy intensity per megawatt-hour of electricity generation, utilities will have the ability to choose from an array of options for how to meet the targets.
Two World Cup sponsors, Coca Cola and Budweiser launched activation events in Brazil on Monday and joined Adidas, Sony and Visa in demanding FIFA deal effectively with the corruption allegations swirling around Qatar’s World Cup bid.
The investigation hearing into Argentine Vice President Amado Boudou's alleged involvement in the Ciccone print-works case, came to a close for the day on Monday after the politician declared for over five hours. With strong security from the moment he arrived and left the court room, he was also profusely insulted by a crowd that had gathered outside.
There is no sense in holding discussions if both sides are not ready and there are no dates for a meeting of European Union and Mercosur negotiators, revealed the EU External Action Service Director Christian Leffler who nevertheless expects a positive result in the near future.