A United Nations committee, after six months work, on Tuesday, unanimously adopted a historic report that establishes nine principles for restructuring sovereign debt, the committee's chair Sacha Llorenti of Bolivia told reporters.
Venezuela's president Nicolas Maduro said he asked U.N. Secretary-General Ban Ki-moon for U.N. mediation in his country's century-old border dispute with neighboring Guyana. The controversy was discussed by Maduro and Ban at a meeting Tuesday morning in New York.
Industrial production in Argentina fell 0.8% in June compared to the same period last year, according to the country's National Statistics and Census Institute (INDEC), marking the 23rd consecutive month that the sector has contracted. However with seasonally adjusted figures, Indec's data showed a 0.9% rise, the first positive advance in two years (July 2013).
Brazilian police on Tuesday arrested two executives involved in building a nuclear power plant for Eletrobras, pulling the state-run utility into a corruption scandal that has engulfed government-owned oil company Petrobras.
Standard & Poor's on Tuesday said Brazil could lose its coveted investment-grade rating in the coming year if fallout from a number of corruption investigations further stymies economic growth and the implementation of austerity measures.
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.
'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.
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.
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.