Ecuador is planning to create the world’s first digital currency issued by the country’s central bank, in what is seen by many as a step to abandon the US dollar, the currency now used by the Central American country.
More than 100 business leaders have voiced their skepticism over Scottish independence, arguing a clear case has yet to be made. The heads of UK’s largest businesses said the outcome of the September 18 referendum will affect generations to come.
The Argentine cabinet chief, Jorge Capitanich, accused a US judge who ruled that Buenos Aires’s debt restructuring plan is illegal of having an ‘imperialist’ attitude after he backed hedge funds that refuse to take reduced returns on Argentinian bonds.
While the US government touted its “record” settlement reached this week with Bank of America for mortgage fraud that helped fuel the 2008 recession, the details of the agreement indicate yet another slap on the wrist for an offending Wall Street titan.
Wall Street banks could abandon Britain for the Republic of Ireland if the UK decides to leave the EU, senior figures in the industry have reportedly said. This is despite a Forbes report that names London the world’s ‘most influential city’.