The United States may lose its triple-A debt rating if next year's budget negotiations do not produce policies that over time decrease the country's debt, Moody's Investors Service said in an e-mailed statement on Tuesday.
Germany's Constitutional Court rejected on Tuesday an attempt to further delay a ruling on the European Stability Mechanism (ESM) and fiscal compact, which had previously been pushed back by months while the judges reviewed whether the German parliament is permitted under the constitution to ratify the treaties.
While most Argentines face increasing difficulties to access to US dollars, to travel overseas or use their debit and credit cards abroad, (the famous ‘dollar clamp’) one of President Cristina Fernandez most notorious and loquacious ministers, Hector Timerman is organizing a three-day major splash at Uruguay’s most posh resort to celebrate the marriage of his eldest daughter.
Falkland Islands’ companies are, stepping up to the plate, in providing support services to the oil industry; and their investment in increased work forces, facilities and equipment is already paying dividends.
No end for the US dollar clamp in Argentina. According to the Buenos Aires media the government of President Cristina Fernandez is preparing a set of new measures to further limit Argentines from holding the US currency but also from spending abroad on tourism.
The Brazilian stock exchange Bovespa index rose for a third session as Brazilian raw-material producers rallied after weaker economic data from China to the US fueled strong hopes policy makers will take further steps to boost growth.
China's exports grew less than forecast and imports fell in August, adding to fears about a sharp slowdown in its economy. Exports rose by 2.7% from a year earlier as global demand continued to remain subdued. Imports fell 2.6% from a year ago, indicating a decline in home grown consumption.
Argentina’s August inflation index based in the analysis of nine private agencies and released by Congressional members from the opposition climbed 1.9% against the previous month, the highest in the last four months.
Falkland Oil and Gas has provided an update on drilling operations at its Loligo prospect, following market speculation which has seen the value of the companies shares fall by almost 30% at one point on Monday.
Brazil’s harvest of cereals, legumes and oilseeds reached an estimated 164.5 million metric tons in 2012, which is 2.8% above the figure of 2011 (160.1 million metric tons) and 0.7% above the July estimate (163.3 million metric tons).