Argentina's new finance minister said on Wednesday it was imperative to resolve the country's legal dispute with U.S. creditors over unpaid debt because financing of the country's fiscal deficit this year may depend on progress on the issue.
Argentina Finance Minister Alfonso Prat Gay revealed on Wednesday that the fiscal deficit registered in 2015 was of 5.8% of GDP and 7.1% of GDP is all debts are computed, and complained that “there has been wasteful spending and when there is an expense it’s not well done.”
Spain's parliament held its first session Wednesday, with lawmakers from four main parties taking their seats at a time of political turmoil. Lawmakers picked a Socialist, Patxi Lopez, a former head of the regional government of the northern Basque Country, as parliamentary speaker, in the first pact between rival parties still engaged in talks to form a government since last month's inconclusive election.
The number of unlawful incursions by Spanish state vessels into British Gibraltar territorial waters rose last year compared to 2014. But the number of serious incidents tailed off in the final months of 2015 against the context of diplomatic efforts to increase cooperation at sea, according to a report published in the Gibraltar Chronicle.
Premier Oil provided on Wednesday a Trading and Operations Update ahead of its 2015 Full Year Results which will be announced on Thursday 25 February 2016, which included an upbeat on its Falkland Islands operations mainly at the Sea Lion field.
Sao Paulo police on Tuesday night fired tear gas and stun grenades to disperse protesters upset over rising transport fares, sparking memories of the 2013 street clashes in Brazil, this year's Olympic host. Riot cops wanted to prevent demonstrators from moving from the spot where they were gathered at one end of the city's major Paulista Avenue.
The mayor of 2016 Olympic host city Rio de Janeiro insisted authorities had the finances to avoid disruption to the summer Games despite Brazil’s recession. Latin America's largest economy is suffering from a deep recession and soaring inflation -- a contrast to the boom times of 2009, when Rio won the right to host the Olympics.
“The FIFA Emergency Committee decided on 9 January 2016 to dismiss Jérôme Valcke from the position of FIFA secretary general with immediate effect. Jérôme Valcke is therefore no longer the secretary general of FIFA,” a FIFA statement said on Wednesday.