Politics

• Wednesday, May 26th 2010 - 06:30 UTC

  Government plans taxing overseas assets of residents in Uruguay

  

  Uruguay is planning to tax deposits and other assets held overseas by residents in the country. The bill which has been drafted and promises to be controversial is expected to be sent for legislative consideration in coming days announced Economy minister Fernando Lorenzo.

• Wednesday, May 26th 2010 - 06:25 UTC

  IMF chief warns Brazilian economy runs risk of ‘overheating’

  

  The Brazilian economy can grow as much as 7% this year, raising the risk of overheating, said on Tuesday International Monetary Fund Managing Director Dominique Strauss- Kahn, who described Brazil as “a success story”.

• Wednesday, May 26th 2010 - 06:21 UTC

  Argentina, full of confidence at home and abroad, including the Malvinas Islands

  

  Argentina formally appealed to the British government to discuss sovereignty over the Falklands/Malvinas Islands in a column signed by Foreign Affairs minister Jorge Taiana, published Tuesday in The Guardian in coincidence with the commemoration of Argentina’s bicentenary.

• Wednesday, May 26th 2010 - 06:09 UTC

  Buenos Aires re-inaugurates an impressive re-furbished Teatro Colon

  

  Buenos Aires iconic Colón Theatre, probably the world’s most impressive opera house known for its acoustics, shone once again Monday evening with a gala that launched its re-opening after a three-year restoration process, as the milestone of Argentina’s Bicentenary celebrations.

• Wednesday, May 26th 2010 - 05:56 UTC

  Financial regulation should be coordinated internationally, says IMF

  

  The world avoided a great economic depression and will recover thanks to close cooperation from the international community, said IMF chief Dominique Strauss-Kahn.

• Wednesday, May 26th 2010 - 05:50 UTC

  Falkland Islands joins International Association of Prosecutors

  

  The Falkland Islands Government legal department has been granted organisational membership of the International Association of Prosecutors (IAP). Membership is considered a recognition that rule of the law and independence of prosecution in that country complies with internationally accepted standards.

• Wednesday, May 26th 2010 - 05:48 UTC

  US Judge seizes 2.43 billion USD Argentine government deposits in New York

  

  New York Federal Judge Thomas Griesa seized 2.43 billion US dollars that Argentina’s government owned Banco Nación had deposited in the city in response to a claim presented by a group of Argentine bondholders that did not make it into the debt-swap.

• Wednesday, May 26th 2010 - 04:09 UTC

  Italy joins the Euro-support club; announces budget cuts of 24 billion Euros

  

  Italy joined Tuesday the group of European countries that have decided to trim government spending in an effort to convince investors that Euro nations are capable of fiscal balance and defending the single currency.

• Wednesday, May 26th 2010 - 04:06 UTC

  After two days of “candid” discussions US and China admit differences

  

  Two days of wide-ranging economic and political talks between the United States and China wrapped up in Beijing with no major agreements announced but both sides said they had candid discussions and reaffirmed their commitment to building a strong and enduring relationship.

• Wednesday, May 26th 2010 - 04:00 UTC

  EU expands civil aviation cooperation with Latinamerica

  

  The European Union agreed Tuesday on cooperation understandings in civil aviation with the Latinamerican Civil Aviation Commission, CLAC, and with Brazil to promote closer coordination in technical and safety issues.