The former president of Costa Rica, Laura Chinchilla, withdrew her candidacy for the presidency of the Inter-American Development Bank (IDB), the government announced Thursday.
The presidents of nine Latin American countries teleconferenced with senior executives of the IMF, the World Bank and the IDB on Wednesday to discuss how to face the economic impact of the coronavirus.
This week, the U.S. Justice Department issued a memorandum urging prosecutors to put corporate leaders in the financial sector and other industries in the dock for any criminal wrongdoing.
"What I want to emphasize is that regional or systemic financial crisis will not happen in China, and the Chinese economy will not head for a hard landing," Chinese Premier Li Keqiang said last January. Roughly seven months later, China finds itself at the epicenter of a global stock market rout that has vaporized $8 trillion in wealth.
LONDON – European and U.S. shares rebounded on bargain-hunting Tuesday as China cut interest rates after fears of a slowdown in the world's second-biggest economy sparked a "Black Monday" rout across global markets.
ATHENS, Greece – Greece's government hiked taxes and paid billions of euros to its creditors on Monday, as banks reopened just days after the debt-laden country reached a reforms-for-cash deal with its European partners.
