Standard Chartered bank, a London-based lender that makes most of its profit in Asia, could cut up to 1,000 senior jobs, according to an internal memo sent to staff. The move from chief executive Bill Winters is meant to cut costs.
Washington's use of its de facto veto at the International Monetary Fund to block reforms giving emerging countries a greater say is jeopardizing the IMF's credibility, complained Managing Director Christine Lagarde.
Argentine ruling party's candidate Daniel Scioli maintains a commanding lead in the presidential race but still lacks enough voter support to win outright in the first round, an opinion poll by the Poliarquia consultancy showed on Sunday.
The speaker of Brazil's lower house of Congress ruled out resigning in response to pressure from colleagues over allegations that he took bribes and stashed the money in Swiss bank accounts.
Damage from the gargantuan corruption scandal centered on Brazilian state oil company Petrobras could amount to as much as 20 billion Reais ($5.3 billion), a lead prosecutor revealed last week.
The president Dilma Rousseff administration is geared to “preparing the country to deal with a new international reality”, Brazilian Finance Minister Joaquim Levy told Reuters in an interview on Saturday.
Less than a week after returning from the United Nations, where he raised concerns about Guyana’s border dispute with Venezuela, President David Granger was confronted with a similar issue involving Suriname.