The US dollar is poised to continue consolidating during 2014 in Uruguay, and will most probably by the end of the year reach 24 Pesos from the current 21 Pesos, according to Itaú, one of the leading private banks in the country, which also warned about inflation and the fiscal deficit.
China expressed appreciation on Monday for Argentina's efforts to handle recent looting and damage to supermarkets owned by overseas Chinese. Beijing last week urged Buenos Aires to protect Chinese citizen's security and interests after one Chinese was killed in recent riots and looting.
With the Antarctic Summer well underway, British Antarctic Territory Commissioner Peter Hayes has sent his well wishes to British Antarctic Survey staff (BAS) working on the continent over the coming months. In a recent letter to UK Base commanders Dr Hayes commented:
All five US financial regulators have approved the Volcker rule, designed to restrict the finance industry in the wake of the 2008-09 financial collapse. Named after former Federal Reserve chairman Paul Volcker, it bans banks from using their own funds for trading activities and it is considered the centerpiece of the 2010 banking reform legislation known as Dodd-Frank.Banks will have until 21 July 2015 to comply with the rules.
A tablet costing £30 (48 US dollars) has gone on sale in the UK. The UbiSlate 7Ci, made by UK-based company Datawind, is the commercial version of the Aakash 2 tablet, which was originally launched in India, where it is mainly used by students and was designed to provide cheap internet access to help improve education.
The UK Defence Secretary has announced £79 million of investment in the next generation of Royal Navy submarines. The Successor submarines, which will carry the UK’s strategic nuclear deterrent will be the largest and most advanced boats operated by the Navy and their design and construction will be the most technologically complex in the history of the UK.
Ireland's prime minister has marked the end of the country's bailout program with a speech to the nation. In a televised address, Enda Kenny said Ireland's good name and our credibility had been restored. Meanwhile Portugal could be the next in the list after a review of the economy was advanced six months.
The Uruguayan economy contracted 0.7% in the third quarter compared to the previous quarter, although it jumped 3.3% over the same period a year ago, according to the latest release from the Central bank in Montevideo. During the second quarter, the expansion had reached 2.4%, and 1.5% previous to that.
The new US ambassador in Brazil Liliana Ayalde said President Barack Obama is prepared to receive his Brazilian peer Dilma Rousseff. The statement comes weeks after a state visit planned for last October was suspended by Dilma in protest over revelations of extensive US spying of Brazilian communications including the mobiles of the Brazilian leader.