Sovereign debt risk is rising globally, particularly in the United States and United Kingdom, which must outline plans to manage public debt or face ratings deterioration as soon as 2011, Moody's global head of sovereign ratings said this week.
Global warming does not respect borders; a mindset shift is required if world leaders are to save us from ourselves
By Kofi Annan
Banco do Brazil (BB), Latinamerica’s largest government-managed bank, is in talks with Argentina’s Banco Patagonia, seeking to expand internationally, announced CEO Aldemir Bendime.
Spain tops a new misery index that combines unemployment rates with budget deficits, according to forecasts from Moody’s Investors Service. Ireland appears in fourth place on the sovereign-risk outlook for 2010, behind Spain, Latvia and Lithuania.
Chile was invited Tuesday to become the 31st member of the Organisation for Economic Cooperation and Development, only the second Latin American country to receive the offer, the OECD has announced.
British Defence Secretary Bob Ainsworth announced Tuesday a package of cutbacks in core defence programmes to fund £900 million of new equipment for troops in Afghanistan over the next three years.
Higher petrol prices in the United Kingdom pushed inflation upward for the second month in a row in November, official figures have revealed. The Consumer Prices Index (CPI) rose to 1.9% last month from 1.5% in October, said the Office for National Statistics (ONS).
Poland's adoption of the Euro in 2015 is very realistic and more likely than in 2014, but it isn't a target date, Deputy Finance Minister Ludwik Kotecki told reporters.
A proposed 916 million US dollars road tunnel linking Chile and Argentina was endorsed last week by the Coquimbo (Region IV) regional government. The approval gives a green light to the proposed 14-km tunnel linking Chile’s Coquimbo province with the Argentine province of San Juan.
Conservative Sebastián Piñera, winner of Chile’s first presidential round last Sunday said his development model for Chile is on the lines of those applied by Brazil, Mexico and Peru, but distant from those under Venezuelan president Hugo Chavez or Nicaragua’s Daniel Ortega.