A rise in interest rates on French government debt and weaker growth prospects could be negative for the outlook on France's credit rating, Moody's warned in a report released Monday, adding to pressure on European debt markets.
The latest CNN poll shows that the same partisan divide that has kept the US congressional super committee from reaching a federal budget deficit reduction deal also exists among US voters who identify with a political party.
A special debt-reduction committee in the US Congress failed to reach agreement, extending partisan gridlock into the 2012 election year and setting the stage for 1.2 trillion dollars in automatic spending cuts.
President-elect Mariano Rajoy resisted pressure on Monday to disclose his plans for rescuing Spain from economic disaster, keeping anxious Spaniards and impatient investors on edge following his election triumph.
Over a third of metropolitan Buenos Aires, 34.9%, live below the poverty line which is equivalent to 4.4 million people, more than double the official Argentine government estimate, according to a paper from the Argentine Catholic University, UCA, and the local Caritas chapter from the Catholic Church.
President Jose Mujica said on Sunday that his peer from Brazil Dilma Rousseff will make a strong declaration in support of Uruguay when the next G20 summit to counter French President Nicholas Sarkozy recent statements in Cannes describing one of Mercosur junior members as a “fiscal haven”
As has happened in several European countries, namely Germany, nearly 140 millionaires asked members of the United States Congress to increase their taxes for the sake of the nation.
Anglo American is jeopardizing its future in Chile by trying to prevent state-owned copper giant Corporacion Nacional del Cobre, Codelco from acquiring a 49% stake in its AAS subsidiary, warned Codelco’s CEO.
State-owned oil company Petroecuador said it broke its daily production record on Tuesday 15 November, pumping 156.359 barrels of crude on that day. Production from Jan. 1 to Nov. 8 totalled 47,096,086 barrels of crude, Petroecuador said in a report.
Argentina's 2011-12 soybean area will likely rise 0.6% on the year to 19 million hectares, the Agriculture Ministry said in its weekly crop report. The forecast is the first from the ministry for soybeans, the country's top crop and export.