Argentina

As the International Monetary Fund embarks on a second round of reforms to give developing countries more say in the institution, the World Bank signalled on Wednesday that it was ready to go the same route.

An agreement to boost the voting power of emerging nations in the International Monetary Fund is just the start of a difficult process, the IMF's head said on Wednesday, as the World Bank signaled it was ready to go the same route.

Chile has been ranked as Latin America's most sustainable and ethical nation according to a study of more than 50 economic, social, corruption, legal, political and environmental indicators, which compare eight major Latin American countries.

A proposed new IMF lending facility to avert crises in emerging market countries would only be available to those with strong performing economies, sustainable debt and transparent reporting systems, a draft of the proposal obtained by Reuters says.

From Australia to Argentina, erratic weather is slashing wheat crops of the major producers, which is threatening to push up prices to multi-year highs and making it difficult for countries to replenish stocks.

Latin America's fixation with the football World Cup in the next month is likely to slow trade in the region but some wonder if it will be enough to dampen instability global markets.

As it faces a potential shortfall, the International Monetary Fund (IMF) announced on Thursday that it would enlist the help of prominent financial figures to help find new ways to meet expenses.