Analysts expect Brazil's economy to contract by 1.76% this year, marking its worst performance since 1990, with the inflation rate hitting 9.23%, the Central Bank said on Monday.
Welsh First Minister Carwyn Jones said it was an honor and a privilege to be in Chubut for the celebration of the 150th anniversary of the first Welsh settlers arrival in Patagonia, and thanked provincial governor Martin Buzzi for organizing the event and helping to preserve Welsh traditions, culture and language.
Argentina's Cabinet Chief Anibal Fernandez and the Presidential Legal and Technical secretary Carlos Zannini led on Monday celebrations in Chubut to mark the 150th anniversary of the Welsh community that settled in the Patagonian province. The event took place in Puerto Madryn overlooking the Golfo Nuevo.
”It is dangerous to forget what (Mauricio) Macri said about the Malvinas, that they would represent a deficit for Argentina”, Alicia Castro, Argentine ambassador in the UK was quoted by the Buenos Aires media, following on statements from the Argentine capital's mayor and presidential hopeful in reference to the Falklands Islands.
Shares in mainland China continued their slide on Tuesday, after a historic sell-off the previous day. The Shanghai Composite fell by 4.3% to 3,567.38 points in early trade, after the index on Monday saw its biggest drop in eight years with an 8% tumble.
Foreigners must be stopped from buying UK homes with plundered or laundered cash and a global effort launched to defeat corruption, David Cameron will say in a speech later. Cameron will vow to expose the use of anonymous shell companies to buy luxury UK properties - often in London.
Falkland Islanders under Argentina 'will elect their own members to Congress and enjoy oil benefits'
'Some day' Argentina will recover sovereignty over the Malvinas and in no way will the Falkland Islanders or their culture, traditions or language be discriminated, and furthermore they will be able to elect their members to congress, governor and fully enjoy the benefits of oil production.
U.S. actor Leonardo Di Caprio is in far southern Argentina to shoot the final scenes of The Revenant, directed by Mexican Alejandro Gonzalez Iñarritu, the recent winner of the Oscar for Best Picture for Birdman.
Suffering from a severe case of laryngitis which forced her to a 48 hours rest, Argentine president Cristina Fernandez nevertheless had time for a fight with the Buenos Aires media and welcome Wales First Minister Carwyn Jones who is in Argentina for the Welsh settlers in Patagonia celebrations.
As a day of great celebration, Argentine ambassador in the UK, Alicia Castro described the festivities for the 150th anniversary of Welsh settlers arrival to Patagonia, taking place in Chubut with the attendance of Wales First Minister Carwyn Jones, Argentine cabinet ministers and members of the Welsh-Argentine community.
Publishing company Pearson has confirmed plans to sell its 50% stake in the Economist Group. The statement from the firm came just days after it announced the sale of the Financial Times to Japan's Nikkei.
Uruguay exports of meats reached 978 million dollars between January and 18 July of which 83% beef; 5,5% offal; 3% ovine; other industrialized meats 2.7% and 1.5% horse, according to the latest release from the country's Meats institute economics office, Inac.
Banks in Brazil are now forecasting economic contraction in 2016 and if this proves correct it will be first time Latin America's largest economy shrinks two years running since the Great Depression.
Argentina's Victory Front presidential ticket of Daniel Scioli and Carlos Zannini is set to win the coming August PASO primary elections by almost 12 points over nearest challenger Mauricio Macri, a new poll published two weeks before the vote has predicted.
- Peru's Humala begins his last year in office with defeat in congress and 80% disapproval
- Gibraltar complains about queues at the border with Spain; drop in tourism expenditure
- Guyana warns in Washington about the Venezuelan threat to its territory
- Petrobras workers on a nationwide 24 hour strike to protest sale of assets
- Economic activity in Argentina picking up, according to Indec
- FIFA admits corruption scandal is putting off new World Cup sponsors
- Falklands' trawlers under investigation for alleged misreported catches
- More job losses coming to U.S. shale