Mercedes Marcó Del Pont a long time ally of the Kirchners and until now head of the state-owned development bank, is known to support limited autonomy for the institution she's taking over. Her appointment closes a standoff over whether the government can overrule the central bank and tap international reserves.
Former president Néstor Kirchner admitted that his 2 million US dollars purchase, taken place in October 2008, before the outbreak of the global financial crisis, was made to acquire a percentage of stock for a hotel located in El Calafate, Patagonia.
HSBC has retained its place as the most valuable banking brand in the world. This is the third year in a row The Banker magazine and Brand Finance have awarded the self-styled World's Local Bank the title. The giant has increased its brand value by 12% to 28.5 billion US dollars.
Seven renowned scientists are the winners of the prestigious Wolf Prizes. The 100,000 US dollar prizes, which will be presented in May by Israeli President Shimon Peres during a special Knesset session, were announced Monday in Jerusalem by Israeli Minister of Education and Wolf Foundation Council Chair Gideon Sa'ar.
A group of one-time loyalists and close advisors of Venezuela's President Hugo Chavez called on him to resign saying that after eleven years in power he had lost “the legitimacy and capacity to govern”.
A controversial project to build a massive hydroelectric dam in the heart of the Amazon jungle has received the go-ahead from Brazil’s environmental protection agency, despite objections from environmentalists and indigenous people who live in the area.
Australia's central bank Tuesday left interest rates on hold at 3.75%, surprising analysts by ending a sequence of three consecutive rises, but hinted at further hikes to come.
Brazil’s Fisheries and Aquaculture Ministry is planning to invest the equivalent of 17 million US dollars in optimising fisheries patrolling during 2010.
The new Honduras government is “one step” toward the country’s return to the Organization of American States and recovery of international credit lost during the seven month coup, said the US top diplomat to Latin America.
Montevideo, Uruguay’s capital will most probably have as of next July a Communist Mayor with the support from the political machinery that has dominated undisputedly the city’s politics for the last two decades.