The Chicago Tribune, one of the leading Midwest US newspapers has been following closely the dispute in New York courts between the Argentine government and investment funds that are demanding full payment of sovereign bonds.
Mark Carney has been named as the new Bank of England governor, who will replace outgoing head Sir Mervyn King. The role of the governor is the most important unelected position in Britain, and is chosen by the British Government.
Argentina’s Ambassador to the United States, Jorge Argüello, assured on Monday that “Argentina will not pay the price for the financial irrationality of the North, and under no circumstances will tolerate the vulture funds’ blackmailing.”
Following a six-year battle Chinese shoemaker giant Aokang Group Co Ltd won a lawsuit against the European Union's anti-dumping duties. The shoemaking has encouraged other Chinese manufacturers to challenge similar “unfair policies”.
For the first time since 2002 Argentina is forecasted to end the tourism year with a negative balance totalling 2.3 billion dollars compared to a positive one of 304 million dollars in 2011, according to consultants Ecolatina.
Brazil, Bolivia and Chile had the best ‘business climate’ in Latin America during October according to the Economic Climate Index, ICE from the Brazilian think-tank Getulio Vargas Foundation, FGV.
Uruguayan president Jose Mujica appealed to workers and entrepreneurs to avoid an escalation of salaries and prices which leads “to all sort of fiddling” as is happening in Argentina.
Brazil's exchange rate is at a reasonable level though not totally satisfactory said Finance Minister Guido Mantega on Friday, in an indication that the government is prepared to further weaken the Real to boost a still weak economy.
Falklands’ oil explorer Desire Petroleum announced on Friday that the findings of a Competent Person’s Report, CPR, have confirmed the potential of its discoveries offshore the Islands in the North Falkland Basin.
Argentina's government cut this season's wheat output forecast, citing three months of heavy rains that started in August and flooded key parts of the Pampas farm belt, the Agriculture Ministry said on Thursday.