In a filing to the Spanish stock market regulator, Santander said the sale values its operations in Colombia, which is not seen as a core market, at 1.225 billion dollars; Santander will fetch Euro 615 million in capital gains.
The operation will be subject to the approval of regulatory authorities in Chile and Colombia and the completion of the transaction is expected to take place in the
By Katica Djurovic for Southeast European Times in Belgrade -- 06/12/11
Corruption is spreading due to political regression in the country. [SETimes illustration]
The latest 2011 Transparency International study shows that Serbia has fallen behind in the fight against corruption. The study singles out insufficient judicial system reform, violations in anti-corruption laws and political parties affecting public sector work as main obstacles in Serbia's fight against corruption.
"There isn't enough political will and readiness in the country to fight corruption. So far, the results are disappointing as the laws are improperly implemented, institutions are weak, and
According to the text, CELAC instructed the pro-tempore presidency, now in the hands of Chile’s Sebastian Piñera to petition UN Bank Ki-moon to renew his efforts for the resumption of negotiations between Argentina and the UK referred to the Falklands/Malvinas dispute.
The so called Special Communiqué Project on the Malvinas Islands, states that the members of CELAC support “Argentina’s legitimate rights in the sovereignty dispute over
Zynga Inc. will brave difficult market conditions and resume its delayed initial public offering this month, seeking a market valuation of up to $7-billion (U.S.).
The maker of CityVille and FarmVille for mobile devices and social networks such as Facebook will seek to raise up to $1-billion by selling 100 million shares in a projected range of $8.50 to $10 a share.
The sale will match other recent Internet-related company issues, such as the Groupon Inc. GRPN-Q offering, by selling just a sliver of its shares outstanding, at roughly 11 per cent after the offering.
The valuation
European leaders meet in Brussels next week with an urgent mission: Agree on a plan that to keep debt-ridden countries like Greece and Spain from default and save the euro. NPR's Eric Westervelt has the latest on efforts by European leaders.
Source: NPR : National Public Radio
Juan Martin Del Potro insists the mental scars suffered by Argentina in their 2008 Davis Cup final defeat to Spain have healed.
Argentina wasted arguably their greatest chance to land the sport's biggest team prize as Spain emerged victorious when the title match was played on an indoor court in Mar del Plata three years ago.
They meet again in Seville, starting on Friday, and world number 11 Del Potro is keen to lead his country to glory despite the fact the indoor clay surface at the Olympic Stadium will heavily favour a home side headlined by Rafael Nadal.
He
By Natasa Radic for Southeast European Times in Zagreb -- 01/12/11
Croatians face another government change. [Petar Kos/SETimes]
For the seventh time since independence, Croatian voters will go to the polls to choose leaders for the next four years.
"I still don't know if I will vote on Sunday. I think they are all the same," said Ana Maria Begovic, a teacher from Zagreb. "If I decide to go out Sunday, and if it is not too cold, I will vote SDP, as we have not seen [Zoran] Milanovic in political action yet. These guys [HDZ], so far, did not show anything significantly important," she concluded.
Nino I., a mechanic, disagrees and will vote for the ruling HDZ. "They did start the fight against corruption. And they appreciate the homeland and
