International

• Thursday, July 19th 2012 - 07:34 UTC

  World Bank warns that Euro debt crisis will have an impact on most regions

  

  World Bank President Jim Yong Kim on Wednesday warned that most regions of the world will be hurt by the debt crisis enveloping the Euro zone and said it was vital to protect the strong economic gains of the past decade in the developing world.

• Thursday, July 19th 2012 - 07:12 UTC

  Vatican bank fails test on preventing financial crime

  

  The Vatican bank or Institute for Works of Religion, IOR, needs more reform in order to show it is effective at preventing financial crime, a report by a European banking watchdog has said.

• Thursday, July 19th 2012 - 07:07 UTC

  EU/Mercosur trade talks suspended until after Paraguayan elections of April 2013

  

  The removal of Fernando Lugo as president of Paraguay interrupted European Union/Mercosur discussions, which could resume following the April 2013 presidential elections said on Wednesday the European Parliament mission visiting Asunción.

• Wednesday, July 18th 2012 - 16:57 UTC

  ECB warns Euro countries will have to yield fiscal, debt and economic policy sovereignty

  

  The Euro zone will have to get powers to limit the debt issuance of its members, intervene in national budgets and change national policies to build a deeper economic union, ECB Executive Board Member Joerg Asmussen said.

• Wednesday, July 18th 2012 - 08:15 UTC

  Jewish community remembers 18th anniversary of bombing in Buenos Aires

  

  Wednesday marks the 18th anniversary of the fatal bombing of the AMIA Jewish community centre in Buenos Aires, Argentina. Eighty-five people were killed by the blast with hundreds wounded.

• Wednesday, July 18th 2012 - 07:59 UTC

  Mexico banking regulator says it repeatedly warned HSBC on money laundering

  

  Mexico's banking regulator on Tuesday defended its role in a money laundering scandal engulfing HSBC Holdings Plc, saying it had repeatedly told the bank to improve lax controls over suspect funds passing through its accounts.

• Wednesday, July 18th 2012 - 07:41 UTC

  Spain, Argentina and Brazil the strongest football tournaments in the world

  

  Argentina's First Division is second strongest tournament in the world after Spain, according to the International Federation of Football History & Statistics (IFFHS) July release.

• Wednesday, July 18th 2012 - 07:34 UTC

  Indian company scraps largest iron-steel development plan in Bolivia history

  

  India's Jindal Steel and Power scrapped plans Tuesday to invest 2.1 billion dollars in a Bolivian mining project and blamed the country’s “non-friendly business attitude” for the deal's collapse.

• Tuesday, July 17th 2012 - 23:40 UTC

  South Korea scraps criticized ‘scientific’ plan to resume whaling

  

  South Korea has decided to scrap its fiercely criticised plan to resume “scientific” whaling, apparently because of international pressure, a report said Tuesday.

• Tuesday, July 17th 2012 - 19:27 UTC

  HSBC grilled in US Senate for lax controls enabling billions of money laundering

  

  The CEO of the U.S. division of the big international bank HSBC is apologizing for lax controls that lawmakers say allowed Mexican drug cartels to launder billions of dollars through the US operation and many other illicit transactions for years.