The Euro is likely to survive 2012 despite the debt crisis in the Euro currency zone, according to International Monetary Fund Managing Director Christine Lagarde.
Two companies involved in electronics announced investments of 450 million Argentine Pesos (over 100 million dollars) in Tierra del Fuego for the production of electrical appliances.
President Barack Obama kicked off an effort to encourage US businesses to keep jobs at home instead of outsourcing them overseas, as he rolled out a new election-year theme aimed at courting middle-class voters.
Bosses' pay should have to be approved by votes among shareholders as part of efforts to restrain rising inequality Prime Minister David Cameron was quoted as saying in an interview with the Sunday Telegraph.
Spain’s new Conservative Government announced this week a wide ranging plan against fiscal fraud and tax evasion by which it hopes to recoup over 8 billion Euros for treasury coffers in 2012 alone. And it has also announced it will be engaging countries which have ceased to be tax-havens in order to step up the Government’s efforts against tax evasion in Spain.
A rare first edition of John James Audubon's sumptuously illustrated “The Birds of America,” depicting more than 400 life-size North American species in four monumental volumes, is going on the auction block for an estimated 7 million to 10 million dollars.
Mexican President Felipe Calderon has inaugurated the world's tallest bridge. The 403m tall Baluarte bridge spans a deep ravine in the Sierra Madre Occidental mountains in northern Mexico.
Argentina is expanding its railroad network to cope with increasing demands for its growing export sector plus expectations of a boost in transit trade from landlocked Paraguay and regional commerce.
Devon Energy Corp announced Tuesday the sale to China’s Sinopec of a one-third stake in five shale projects in the United States. The terms of the deal call for China’s No. 2 oil company to pay 900 million dollars in cash to the US firm and contribute 1.6 billion toward the cost of drilling.
In spite of a slight gain in the last trading day of 2011 the Brazilian stocks benchmark index experienced an 18.1% decline in the twelve months on concerns that Europe's debt troubles could lead to another global recession.