Germany is keen to boost its already substantial investment in Brazil ahead of the 2014 World Cup and the 2016 Rio summer Olympics, the new president of the Brazil-Germany Chamber of Commerce said.
Bank of Cyprus depositors with more than 100.000 Euros could lose up to 60% of their savings as part of an EU-IMF bailout restructuring move, officials say. The central bank says 37.5% of holdings over 100.000 Euros will become shares.
International Monetary Fund Managing Director Christine Lagarde, whose Paris apartment was searched by police March 20 in a case involving businessman Bernard Tapie, retains the backing of the board of directors, an IMF spokesman said.
Germany's two main opposition parties traded warnings against joining forces with Chancellor Angela Merkel's conservatives after September's election if they fail to win their own left-of-centre majority.
Italian President Giorgio Napolitano ruled out standing down early to make way for new parliamentary elections, following the failure of attempts to form a government this week. He stressed that Prime Minister Mario Monti retained full authority at the head of a caretaker administration until a new government can be formed
The prime ministers of Spain and Britain will meet in Madrid during the second week of April, according to a weekend report in ABC. The article said the meeting between Mariano Rajoy and David Cameron would centre primarily on the Euro-zone crisis.
The Union of South American Nations, Unasur expressed deep concern and called on all sides involved to ensure the preservation of peace and security in the Korean peninsula.
“I THINK there is no doubt that the Argentine Government will continue to look for opportunities to pull stunts of one kind or another.”
The speaker was Dr Peter Hayes, the Director of the FCO’s Overseas Territories Directorate who was paying a short visit to the Falkland Islands last week.
Foreign minister Luis Almagro said on Wednesday that Malvinas Islands’ sovereignty belongs to the whole of Latinamerica and as part of Latinamerica and the Caribbean, “we will defend the territorial integrity of the continent”.
Argentina plans to offer suing holdout creditors a 25-year bond equal to the face value of their debt when the country defaulted in 2002, local financial daily Ambito Financiero reported on Wednesday.