Rating agency Moody's changed to negative the rating outlook on 30 rated Argentine financial institutions on Thursday. Moody's cut the outlook to negative from stable, as a reflection of the outlook change on the country announced last week.Moody's rates Argentina at B3, six levels into junk territory.
The Falkland Islands Government (FIG) have announced a new price control mechanism to regulate the prices of regulated retail services provided by Cable & Wireless South Atlantic under their exclusive licence to the general public and businesses in the Falklands
Venezuela will hike the amount of oil it is sending to India's Reliance Industries and signed a new 15-year supply contract with the company, Oil Minister Rafael Ramirez announced this week.
Chancellor Angela Merkel said on Tuesday that Europe could only hope to come out of its crisis stronger and compete in a globalized world if its members pressed ahead with painful reforms and moved to more responsible budget policies.
Protesters clashed with police in Spain's capital as the government prepares a new round of unpopular austerity measures for the 2013 budget that will be announced on Thursday.
Argentina's President Cristina Fernandez hit back at the IMF on Tuesday for warning her country about bad stats data, saying her nation is sovereign and would not be subjected to threats of any kind.
Argentine ambassador in the United States Jorge Argüello assured that Argentina and the US “are having the best trade relationship in almost 200 years of bilateral relations” and said that “they’ve never had a trade volume similar to the one reached this year, which left a 13 billion dollar surplus.”
Argentine former Economy Minister Roberto Lavagna considered the “economic model” led by President Cristina Fernandez administration is entering “a clear downfall” and slammed Kirchnerite politicians, unionists and businessmen “for, out of fear, clapping at political rallies instead of saying what they really believe about the economy”.
The International Monetary Fund is set to cut its forecast for global growth next month when it updates its projections for the world economy, the head of the IMF said.
Poverty in Argentina is at least three times the official figure presented by the controversial government stats office, Indec, if the criteria and methodology applied by the Argentine Catholic University Social Debt Barometer are taken into account.