The Inter-American Development Bank (IDB) has approved a US$5 million load to help Uruguayan officials fund a program to lower the violent crime rate in the capital city of Montevideo.
For the first time, Brazil is among the group of the 50 most competitive nations in the world, says the Global Competitiveness Report, released by the World Economic Forum.
Brazil on Wednesday sold 1.25 billion in dollar-denominated global bonds due in 2023, at the cheapest borrowing costs ever from foreign investors. High demand allowed the government to improve financing conditions by lowering the bond's yield spread over comparable US Treasury debt to 110 basis points from an initial 115 basis points.
Argentina announced the government has rejected the proposals made by bidders seeking to gain a public contract to manage up to 25% of the 3G telecommunications frequency nationwide. Instead the federal government satellite and communications company Arsat will get 20% of the available 3G spectrum.
US judge ruled that AMR Corp's American Airlines and United Continental Holdings Inc must face trial over claims relating to the Sept. 11 attacks that destroyed the landmark towers of the World Trade Centre in New York almost 11 years ago, court documents showed.
Colombian President Juan Manuel Santos unveiled on Wednesday a six-man team to negotiate with FARC rebels in the hope of ending almost 50 years of internal war.