Brazil’s easy money policies have squeezed yet another of its banking weaklings. The country’s central bank seized consumer lender Banco Cruzeiro do Sul on Monday for “serious” financial violations. The episode serves as another example of a bank losing its way in Brazil’s lending frenzy
Uruguay wants to expand its nascent local sovereign debt market to improve the liquidity of its securities, said Azucena Arbeleche, the head of the country’s debt management unit at the Ministry of Economy and Finance.
The Organization of American States general assembly, meeting in Tiquipaya, Bolivia, passed a resolution urging the Argentine and British governments to find a peaceful way to solve the Malvinas Islands sovereignty dispute.
The Queen has called her Diamond Jubilee a humbling experience, saying she had been touched deeply by seeing so many people celebrating together. In a message to the British nation, she thanked all those who organised the events.
Argentina's state-controlled energy company YPF will need to invest 35 billion dollars to boost falling natural gas and oil output by more than a quarter by 2017, the new chief executive said on Tuesday in Buenos Aires.
The UK ratified on Tuesday the Falkland Islands people’s self determination following a resolution from the OAS general assembly taking place in Bolivia calling on the two sides (Argentina and UK) to resume dialogue on the sovereignty of the Islands which are claimed by Argentina.