Maria Delfina Rossi, the daughter of Argentina's Defense Minister Agustin Rossi, has been appointed to head the Banco Nacion following a resolution signed by President Cristina Fernandez.
New York district judge Thomas Griesa has said he will consider all Argentine government assets in the United States, except for diplomatic and military ones, as commercial assets which hedge fund NML Capital could try to seize.
The People's Bank of China (PBoC) weakened the Yuan against the dollar for a third consecutive day on Thursday, following reports the central bank intervened to stem the currency's sharp slide late on Wednesday. The PBoC set the Yuan fixing at 6.4010, compared to the previous day's close of 6.3870, sending the currency 0.7% lower to 6.43 per dollar in early trade.
President Dilma Rousseff and leading Brazilian senators are preparing a joint set of major reforms that seek to introduce an agenda of market-friendly proposals, in a move one senior official says is an effort to counter a revolt by lawmakers in the Lower House.
Technical teams from Mercosur country members are scheduled to meet next Tuesday in Paraguay to iron out the final proposal to be presented by the group to the European Union for the long delayed trade and cooperation agreement. The meeting in Asunción will be headed by Rigoberto Gauto, who is currently the Mercosur coordinator since Paraguay holds this half year the rotating chair.
The Shackleton Scholarship Fund, closely linked to the Falkland Islands, has announced their academic awards for 2015. Scholars come from a variety of countries, ranging from Germany to Australia, and the topics chosen are all from the natural sciences.
China's shock 2% devaluation of the Yuan pushed the dollar higher and raised the prospect of a new round of currency wars, just as Greece reached a new deal to contain its debt crisis. Stocks fell in Asia and Europe as investors worried about the implications of a move designed to support China's slowing economy and exports.
Venezuela’s vice-president Jorge Arreaza recently heard directly from CARICOM chairman, Barbados’ Prime Minister Freundel Stuart, that the regional grouping is backing Guyana in the territorial dispute between the two South American neighbors. Stuart met last Friday with Arreaza who was visiting the island as part of a regional tour to discuss Venezuela’s territorial and maritime claims in the region.
Pushing Spain’s claim over the sovereignty of Gibraltar is “a fundamental objective” for Spanish foreign policy, according to budget plans presented by the Ministry for Foreign Affairs in Madrid this week.
Despite incidents of violence at some polling stations, the first round of legislative elections in Haiti which took place on Sunday, has been described as “a step forward for Haitian democracy” by the Organization of American States (OAS).