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Central Securities Depository, Inc. (DCV) of Chile and the Depository Trust and Clearing (DTCC, for its acronym in English) U.S. today announced they have signed an agreement that recognizes and strengthens their relationship and will provide the foundation for future collaboration.

“We are delighted to have this opportunity to bring a new level the relationship with the central securities depository of Chile, and to working with our Chilean colleagues in addressing the needs of their markets and customer support”

The objective of this collaborative venture, which will leverage technology and expertise of both organizations is to expand offerings and capabilities of DCV and DTCC. This will allow both organizations to leverage local market knowledge and develop broader offerings in Chile and throughout Latin America, at the same time reducing risks and lowering costs.

“Chile has one of the strongest economies in Latin America and represents a strong financial market and growth in the Americas,” said William B. Amity, president and chief operating officer of DTCC. “We are delighted to have this opportunity to bring a new level the relationship with the central securities depository of Chile, and to working with our Chilean colleagues in addressing the needs of their markets and support their customers.”

“We believe that this working relationship will give DCV some strategic advantages in fulfilling our mission to make the Chilean capital markets more efficient and attractive to capital market growth,” said Fernando Yates, Director General of DCV. “We expect to benefit from the experience, technology, scale and global reach of DTCC to assist in the growth of services for capital markets in Latin America.”

Previous discussions identified some possible areas of collaboration related to operational risk and business continuity. For example, CSD currently has data centers in different parts of Santiago, the capital and largest city in Chile. However, communications with backup sites located 500 kilometers from the city of Conception were destroyed and were deactivated during the earthquake of February 2010. DTCC DCV and believe there may be an opportunity to collaborate on issues of business community, leveraging of DTCC experience after 9 / 11 is the creation of redundant backup data centers.

The agreement announced today was developed after an invitation in December 2009 by the CSD to DTCC to make a capital investment of 10% and unify DCV Directory. By making this investment and join the Board of DCV, DTCC has demonstrated its commitment to the region and their high expectations for future cooperative efforts with DCV

Zero coma was established in 2005 to design, develop and market document management solutions among which the main one is EdasFacturas, which seeks the issuance, receipt and invoice management under the tax law which makes it obligatory to issue an electronic invoice (Law 30/2007 of 30 October and the Presidential Order 2971/2007 of 5 October) and the possibility of keeping paper invoices received in electronic format allowing, thus, the destruction of the paper.

This legislation was contained in RD 1496/2003 of 28 November and was subsequently developed in the EHA Order 962/2007 of 10 April, after which published the Resolution of October 24 defining the requirements needed to fulfill for approval certified scanning software for invoices were scanned tax value.

Zero comas was recognized and included in the website of the AEAT, a manufacturer of electronic invoicing solutions in 2007 and subsequently obtained the approval EdasFacturas the AEAT and the four Provincial Council of Alva, Guipúzcoa, Viscera and Navarre for digitization certified.

The chair of the organizing committee of the First International Conference on Leadership and Management, Orderable Semen, reported that everything is ready for an event that seeks to train and upgrade human resources in the various sectors of the region. Executives, entrepreneurs, managers, HR professionals, Systems and Marketing, consultants and general practitioners will have the opportunity to participate in this activity, which was first held in Ciudad Guyana. According Terrible said this is a business education event, managerial and professional looking institutionalized each year to promote the city and in general the state as space maker for the analysis, debate and presentation of issues pertaining to future development. “We must go hand in hand with advances in technology, because if we fall behind.

We consider it very timely implementation of this conference, so we are doing this every year, this is the business sector’s contribution to the region,” said. Congress is divided into four main areas: People, Technology, Organization and Marketing, all related to the subject of Management. Other guests include speakers from Brazil, Peru, Ecuador, Colombia, Argentina, Dominican Republic and the United States. Although it was estimated the participation of about 500 people, the employer reported that expectations have been exceeded and expect between 800 and 100 attendees during the two day event, whose investment is close to a million Bolivar’s.

Companies participating in this International Congress of Leadership and Management have the opportunity to present it as investment project for compliance with the Law on Science, Technology and Innovation (Loci). In addition to the conference will also feature an exhibition of stands by some companies as Resort Mining, Microsoft, HP and Renovo, so that it can produce an interesting trade, industrial and technological development. The tickets are on sale at the headquarters of FEDECAMARAS Bolivar Royal Tower. Floor 2 office 1-B, with special prices for students and academics. The investment includes snacks, support materials and attendance certificate.

The deputy general secretary of the PSOE federal and Minister of Public Works, José Blanco, branded the national president of the PP, Mariano Raja, “bogus patriot” and warned that its objective is “to make adjustments horse” in the European economy.

On the Feast of the Rose, White visited the town this morning Areca Saragossa, where he staged a rally-lunch for more than 1,200 activists and supporters, among whom he predicted that the PSOE would win the regional and municipal elections of 2011 and the 2012 general.

So, asked all participants to avoid being “fooled” because behind all the “populist proposals” by Mariano Raja is the aim of “winning the election on the back of the crisis and then make a horse fit and throw the Zapata blame.”

In this regard, said a few days ago has been validated as the Royal Decree Law of adjustment, and that the PSOE did not have a positive vote of the PP and Raja, a “patriot cheesy”, while other nationalist parties (CIO) had “more sense of state” that the PP who recommended “less wrapped in the flag of Spain and more committed” to the real interests.

The minister asked how to say that the PP is the party of the workers “looking at the face of Raja” and deplored the “hypocrisy” of the secretary general of the PP, Dolores de Co pedal, who recalled his “Palestinian scarf” Raja and challenged to explain “what change and how” the proposed labor reform.

The new rules impose more frequent visits from officials of Euro stat to countries subject to prosecution for excessive deficit.

Thus, when there is reasonable doubt about the accuracy of the deficit and debt figures sent by a government in Brussels, the EU executive will send officials to the country concerned and to review firsthand the central government data, regions municipalities and social security.

In addition, Member States should provide Euro stat with the information required to examine the quality of fiscal statistics. Economic Affairs Commissioner, Olli Rein, said the new audit powers “are an essential requirement to have an economic and monetary union (EMU) strong and functioning effectively.” “We need accurate and reliable statistics on national accounts for EMU to work,” he said.

Rein announced that the first country to send a mission Euro stat when Parliament ratifies the strengthening of its powers would be Bulgaria. “We have some concerns about the functioning of statistics in Bulgaria,” he explained.

The EU executive called for and these additional powers in 2004, precisely when it was discovered that Greece had falsified data to enter the euro. However, the capital has refused to grant.

However, after coming to power, the New Greek socialist government again reviewed in October the deficit forecast for 2009 from 3.7% of GDP was estimated last spring to 12.5%. Subsequently, Euro stat has again revised upwards the Greek deficit last year to stand at 13.6%.

Distrust in the quality of the Greek statistics has been one factor that has aggravated the country’s debt crisis and forced him to benefit from the fund of 110,000 million set by the euro zone countries and the International Monetary Fund avoid bankruptcy. To avoid these problems again in the future, Member States have raised their reserves and have agreed to give more powers to the Audit Commission.

Civic Banking Group continues moving towards the beginning of its financial operations on 1 July. This afternoon, has announced the approval by the Junta de Castillo y Leon Cava de Burgos for joining the project of integration of the Civic Banking Group. In his note, the Ministry of Economy and Employment of the Junta de Castillo y Leon also stipulates the need to obtain licenses from other mandatory to start the integration process must provide both the Bank of Spain and the Spanish monetary authority and the Ministry of Economy and Finance.

It has been precisely the Ministry of Finance who is also the group announced today the signing of the Ministerial Order authorizing the Civic Banking Group to operate, once it received a favorable report by the General Directorate of Treasury and the Bank Spain.

Ahead are the relevant entries and other administrative processes to see the Civic Banking Group as the first SIP bank operating in Spain, without consuming resources of Fob, launching a pioneering business model and growth and internationalization as key challenges future?

Satisfaction. Cava de Burgos is shown fully satisfied with the decision taken by the Ministry of Economy and Employment of the Junta de Castillo y Leon, valuing hard work in recent months by the latter. For Burgos entity represents a major milestone in shaping the Civic Banking Group and cruise speed facilitates the group wants to acquire for its implementation on 1 July.

Bureau Chief Vera Cruz Finance announced that since early last week began to raise a real pattern in the number of informal traders who are now working on the streets of the port of Vera Cruz.

He said the State Treasury is implementing a sweep to invite vendors to register in the register, this with the aim of starting to participate in the payment of taxes.

He explained that due to the number of complaints received by the trade established, and is making a cross with the City Council information in order to ensure that informal and is regulated by the municipality of Buenos Aires.

He said that not only street vendors were taken into account in this scan, it also noted that small businesses are not regulated properly receive the invitation to register to vote.

In Spain, one of the elements considered essential to overcome the crisis is improving the productivity of the country.

It is generally diagnosed since the mid-eighties; the growth of total factor productivity in the Spanish economy has been slowing. Among the reasons, the principal, is the lack of utilization of human capital improvement, training and knowledge-and communication technologies and information management in recent years. Obviously, there are other reasons that could be attributed side to corporate culture rather scanty or certain aspects of regulatory and subsidy policies in some sectors have helped strengthen the economy more dynamic and efficient.

At present, the negotiation of labor reform is thinking exclusively in terms of reducing the costs of explicitly linking human-capital increased productivity, but without addressing the two key issues for an economy XXI century in our country: to increase technological capital and its efficient use by companies and the empowerment of human capital-education and lifelong learning.

It is a fact that the Spanish business community, without exception, brings them to heave the empowerment of human capital – only 18% of companies used the funds for employee training last year by the deduction of contributions to Social Security – and many do not invest what they should invest in technological capital and the only thing they want is cheap labor.

The labor reform, as is being proposed we turn to an intensive economy-wage labor increasingly devalued the sole policy objective of reducing the rate a few points of unemployment.

No need to resort to the statistical series to observe that countries with higher productivity and adding value often have higher wages. While in Spain, with low wages, companies tend to invest less in capital improvements to its human and technological.

The Government of Ecuador on Wednesday discussed the new development strategy, which builds on four pillars: the selective substitution of imports, surplus energy (allowing diversify dependence on oil), diversification and import substitution and build a service economy based mainly in the bioconocimiento and tourism services.

This was explained by the National Secretary of Planning (SENPLADES), Rene Ramirez, who said he also expected “to put all the incentives of economic policy” in 14 industries with the aim that these be consolidated.

“Basically we are talking about tax incentives, trade, tariff, enabling financial changes in relative prices for the construction of the domestic industry,” he said.

These industries are: tourism, fresh and processed foods, renewable energy, alternative and renewable beanery, pharmaceuticals, chemicals, biotechnology (biochemistry and biomedicine), environmental services, metallurgy, technology (hardware and software mainly), plastics and rubber, garments and footwear, vehicles, automotive, car bodies and parts (mainly linked to the inputs involved in the production of agricultural goods), transportation and logistics, construction and forest products for wood processing.

The BBVA revised upward its forecast for growth of the Colombian economy in 2010 and estimated to increase at least by 3% due to increased levels of investment and good dynamic macroeconomic figures show.

The Research chief economist at BBVA Colombia, Juana Tellez, estimated according to analysis by the financial institution of the Andean country’s economy will grow in the order of 3.0% and 4.4% this year.

“We have revised our growth forecast and even do not rule out further revised upward if the improvements in the indicators of activity are strengthened in the coming months,” the expert said at a news conference.

He indicated that likely increases in investment in machinery and recovery of building permits could anticipate an increase in stronger than forecast in private investment.

However, the drastic reduction of trade with Venezuela could have permanent effects on certain sectors of the economy that have found no effective markets to replace trade with Venezuela, “frozen” since last August by order of President Hugo Chavez.

Tellez said that although Colombian exporters have succeeded in replacing the Venezuelan market with sales to other South American countries, Central and China, enough work to overcome the difference of what has been lost in recent months by the decision of the Government of Venezuela.

As to the behavior of inflation, BBVA Research predicts that this indicator will be located at 3.4 percent in 2010 and 3.2% in 2011.

The Government expects the economy to exceed the growth target this year, expected at 2.5% due to the success of the first quarter.