Portugal will host in March a meeting of Finance ministers and Central Bank presidents from Latinamerica and Spain to coordinate a joint position regarding the current global recession, said the Portuguese Finance ministry on Thursday.
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Chile has evacuated more than 150 people who had returned to the southern town of Chaiten after it was destroyed by a volcanic eruption last year.
Virginia have served Texan billionaire Sir Allen Stanford with civil legal papers from the US financial watchdog, the SEC.
Shimon Peres, Israel's president, has chosen Benyamin Netanyahu, the leader of the Likud party, to form a new coalition government within six weeks.
A delegation from the British treasury visited this week Argentina to exchange ideas about the coming G-20 summit to be held in London next April when world leaders will attempt to address the global recession and drying up of credit.
Brazil's JBS, the world's largest beef producer and owner of JBS-Swift, said on Friday it had abandoned its attempt to takeover of US meat company National Beef Packing Company LLC.
The European Commission has taken disciplinary steps to tackle swelling budget deficits in six EU countries.
World leaders must strike a grand bargain to deal with the economic downturn, British Prime Minister Gordon Brown said on Wednesday. He called for more cooperation on banking reform and fiscal stimulus packages as he outlined his hopes for the G20 summit of world leaders in London in April.
President Barack Obama has revealed a long-awaited plan to tackle the US housing crisis, aiming to help up to nine million families. The plan will provide refinancing to four to five million responsible homeowners on the verge of defaulting.