“There are better conditions, things are quieter now” to consider the incorporation of Venezuela to Mercosur as full member said Paraguayan cabinet chief Miguel Lopez Perito, following a political agreement in Congress with one of the main opposition parties.
President Jose Mujica said the Wednesday night decision by Argentine activists to lift the (four year) blockade on a bridge leading to Uruguay was ‘our team’s fourth goal’ (in reference to that afternoon’s 3-0 victory over South Africa at the World Cup).
US based CITGO Petroleum Corporation, a wholly owned subsidiary of Venezuela's state oil company Petroleos de Venezuela S.A. (PDVSA), is coming to market with a 7 year bond and offering to pay 11.75% to 12% on the debt.
Spanish president Jose Luis Rodriguez Zapatero recommended British PM David Cameron to implement all economic reforms “swiftly, with no delay” and the widest ranging possible.
One of China's most influential newspapers, the official People's Daily, has called for workers' incomes to be raised. The paper says wages need to rise to protect stability and transform society.
Brazil and Peru signed several accords which strengthened regional integration with particular emphasis on energy. The event followed a meeting between Presidents Lula da Silva and Alan Garcia met in Manaus, state of Amazon.
Adolfo Zaldívar, the president of Chile’s Independent Regional Party (PRI), is now Chile’s new ambassador to Argentina.
Spanish banking giant Banco Santander SA (STD) had one of the best results from the stress tests conducted by the Committee of European Banking Supervisors, a spokesman for Spanish Prime Minister Jose Luis Rodriguez Zapatero said Thursday.
Swiss lawmakers approved Thursday a UBS tax treaty with the US, ending a two-year legal battle that threatened the American business of Switzerland’s largest bank. The vote removed the threat of further civil litigation against UBS and additional fallout under US criminal law.
Church leaders in Northern Ireland have launched a bitter attack on the ‘shocking’ lending polices of some banks, claiming they are putting ‘decent’ businesses and people at risk.