Developed Countries

The government of Saudi Arabia is ready for the creation of a sovereign wealth fund that would make it independent from oil, Mohammed ben Salmane, the deputy crown prince, revealed in an interview with Al-Arabiya television, which include measures. They will be realized by 2030: almost 15 years when the whanabita regime wants to create "the world’s largest sovereign wealth fund", with a budget that exceeds $ 2 trillion (about 1780 billion Euros). In the case of the amount of achievement, would beat the "treasure" that accompanies the Norway’s sovereign fund, which currently has just under 870 billion dollars of investments around the world.

It signed the final agreement for the approximately 50,000 Italians represented by the Task Force Argentina (TFA) in ICSID arbitration proceedings and holders of Argentine bonds in default since 2001. The agreement signed at this time in New York confirms a cash payment equal to 150% original nominal amount of the bonds by the end of June for about $ 1.35 billion, and concerns investors who had not adhered to the two exchange offers (swaps) proposed by the Argentine government in 2005 and 2010.

The managing director of the state company Pemex Mexican, José Antonio González Anaya, met yesterday in Mexico City her equal role of Eni, Claudio Descalzi. During the meeting, it said in a statement issued last night by the Italian company, Descalzi outlined the company’s strategy in the country, focused on the consolidation and growth of its presence in Mexico, where it was the first international majors to acquire a block (Area 1) following an international tender, which took place last September.

The return on Argentine international markets after 15 years of "forced exile" was a success. Buenos Aires has placed on the bond market, resulting in $ 15 billion of loans with offers that have exceeded 65 billion dollars.
Argentina does not issued government bonds since the public finances in 2001 did collapse, triggering a default 100 billion of debt. In an environment of low interest rates and the search for yield on Argentina’s debt it has obviously attracted the attention, it being possible to provide a return to attractive investment for many investors, even institutional.

The Brazilian Chamber of Deputies approved, at the end of a marathon began Friday, the opening of an impeachment proceeding against leftist President Dilma Rousseff, whose term expires in 2018. The majority in favor of impeachment against Dilma eventually overwhelming, beyond the worst predictions: 367 yes, 137 no, 7 abstentions.

The House vote, after three days and nights of debate, states the beginning of removal of Dilma Rousseff from the Planalto Palace in Brasilia that will now have to be confirmed by the Senate. If even approve senators, in their case by a simple majority, the President will be suspended for 180 days. At the end of this period, a new Senate vote, and then the Supreme Court will have to confirm or deny his dismissal. Meanwhile, his deputy, Michel Temer, will take power and form a new government. It’s ‘a turning point gained in the Brazilian lost the last months of scandals of corruption, severe economic recession and emergency Zika.

On Wednesday, the U.S. Court of Appeals upheld an earlier decision that allows Argentina to issue bonds and payoff its creditors it has owed since the country defaulted in 2001.
The ruling is a major victory for Argentina, which slugged through a legal debt battle with American hedge funds known as "vultures" in Latin America.
This week, Argentina’s brass is on a "road show" in London, New York and elsewhere in the U.S. to pitch investors on $15 billion in governments bonds, amount second only to Mexico, which holds the record with a $16 billion debt offering in 1996.

Italy is the Iran’s first European partner, said President Hassan Rohani who received the Italian Prime Minister Matteo Renzi. A position that Italy will win because he has put on the table a chip very heavy 8.8 billion euro credit lines. Among those signed by Rohani during his visit to Italy in January , and yesterday in Teheran there are 36 contracts , including an agreement for over 3.5 billion euro on high speed between the Italian Railways ( FS ) and the Iranian ones , even this operation guaranteed by the Cassa Depositi e prestiti and Sace .

George Soros, in an interview reported by CNBC, warned that the EU is in a state of high danger of collapse if not extraordinary, and appropriate measures will be taken, especially with regard to the refugee crisis.

Soros has vigorously raised the humanitarian issue that is proving to be a real catastrophe, particularly in Greece. "Asylum seekers are desperate" And he added that "EU leaders should understand that the ultimate solution to this crisis is necessarily to find a large sum dicapitali be invested exclusively on the project, rather than breakdown and invest sufficient sums year after year."