Economy

• Sunday, April 24th 2016 - 09:03 UTC

  Anti/slavery crusader Harriet Tubman will command the $20 dollar bill

  

  Anti-slavery crusader Harriet Tubman will become the first African-American to be featured on the face of US paper currency when she replaces President Andrew Jackson on the $20 bill. She will also be the first woman on US paper currency in more than a century.

• Sunday, April 24th 2016 - 08:26 UTC

  International major effort to cooperate on tax issues and halt evasion and elusion

  

  The International Monetary Fund and the World Bank are joining forces with other international organizations to cooperate on tax issues and develop new tools and standards to halt tax base erosion and evasion.

• Saturday, April 23rd 2016 - 10:46 UTC

  Treasury Secretary Lew praises Argentina for its reintegration to the global economy

  

  United States Treasury Secretary Jacob J. Lew celebrated Argentina's return to international markets and reintegration to the global economy, following the final settlement with holdout creditors, which it described as a major milestone not only for Argentina but for the global financial system.

• Saturday, April 23rd 2016 - 10:26 UTC

  Judge Griesa pleased and gratified the Argentine 15-year litigation with bondholders is over

  

  US Federal Judge Thomas said on Friday it gave him the greatest pleasure to be able to exercise his discretion and lift the injunction against Argentina which impeded the payment on defaulted debt.

• Saturday, April 23rd 2016 - 07:33 UTC

  As your friend, let me say that the EU makes Britain even greater

  

  By Barack Obama, President of the United States - In 1939, President Franklin D Roosevelt offered a toast to King George VI in the White House. “I am persuaded that the greatest single contribution our two countries have been enabled to make to civilisation, and to the welfare of peoples throughout the world,” he said, “is the example we have jointly set by our manner of conducting relations between our two nations.”

• Friday, April 22nd 2016 - 08:16 UTC

  Draghi defends ECB easy money policy despite sharp criticism from Germany

  

  European Central Bank President Mario Draghi brushed off German criticism of his ultra-loose monetary policy on Thursday and vowed to use all the tools at his disposal for “as long as needed.” He said the ECB's policy was working, which helped boost the Euro.

• Friday, April 22nd 2016 - 07:55 UTC

  Lan's CEO agrees to pay fine in the US to settle charges involving operations in Argentina

  

  Chile's LAN Airlines CEO will pay a US$75,000 fine to settle charges that he authorized improper payments to Argentina union officials to persuade them to ease their demands in a labor dispute, the U.S. Securities and Exchange Commission.

• Friday, April 22nd 2016 - 07:48 UTC

  Singer praises Macri and calls him a great 'reformist' in a Time weekly column

  

  United States hedge fund billionaire Paul Singer is a big fan of Argentina’s new president. For one thing, Mauricio Macri doesn’t call him a “vulture lord” or a “bloodsucker,” as his predecessor Cristina Fernández did. More important, the newly elected Macri recently paid Singer’s firm US$2.28 billion in debt.

• Friday, April 22nd 2016 - 07:14 UTC

  Floods in Uruguay have 10.000 people displaced and losses are estimated in a billion dollars

  

  Uruguay's emergency committee reported on Thursday another death and over 10.000 people displaced because of widespread floods that followed a tornado and several days pouring rain. The ninth victim is a farmhand who fell off his horse while trying to cross an overflowed canal. A few hours before the body of a missing farmer was found kilometers down a river that sucked him while he was trying to save cattle.

• Friday, April 22nd 2016 - 06:37 UTC

  Cueto group takes major loss because of Latam Airlines performance problems

  

  Latam Airlines Group, made up of Chilean and Brazilian investors, ended last year with losses of 219 million dollars. However during the same period the Cueto family investment group, identified as Costa Verde Aeronautica, CVA, suffered even higher losses, 414 million dollars, mostly because of the performance problem of the largest Latin American airline.