As part of the Vatican's ongoing efforts to ensure that all its financial activity complies with international standards, particularly those aimed at preventing money laundering and the financing of terrorism, Pope Francis has expanded the role and the reach of the Vatican's Financial Intelligence Authority.
Uruguay sold 2 billion in a new 2024 global bond at a yield of 4.521% as a part of a debt liability operation that includes a debt swap, the government said on Wednesday.
Uruguayan former president Tabare Vazquez confirmed on Wednesday he will run for the presidency next year, following a meeting with representatives from the groups which constitute the voting majority of the ruling Broad Front catch-all coalition.
Argentine President Cristina Fernandez was booed and insulted when she visited on Wednesday afternoon at the site in the city of Rosario where at least ten people died when a several stories building collapsed following a major gas leak explosion.
The Bank of England's new Governor Mark Carney said the central bank will not consider raising its record low interest rate and stimuli until unemployment falls below 7%.
Argentina’s National Electoral Court urged the Congress to revise the laws concerning state advertising in electoral periods so as not to benefit ruling party candidates. There have been several claims that President Cristina Fernandez is going over the line in supporting her candidates.
Argentina is forecasted to fall into recession next year on the back of super-loose money policy with inflation reaching 24% this year and 30% in 2014 as the government continues to appeal to Central bank resources to meet budget commitments, according to London based Capital Economics.