Brazil raised interest rates to the highest levels in more than six years on Wednesday, extending a tightening campaign and leaving the door open for more hikes despite concerns that steep borrowing costs could deepen an expected economic recession.
The International Monetary Fund extended the period given to Argentina to remedy its local statistical measurement tools, while recognizing the country has made advancements in the matter. The IMF directive board met on Wednesday in Washington to assess Argentina's statistical indexes.
Argentine president Cristina Fernández will end her second term with an approval rating of 60%, according to the Equist political consultancy firm. On the other hand, PRO presidential candidate and Buenos Aires City Mayor Mauricio Macri enjoys a positive image among 30% of the country's population.
Former FIFA executive committee member Chuck Blazer told a U.S. federal judge that he and others on the governing body's ruling panel agreed to receive bribes in the votes for the hosts of the 1998 and 2010 World Cups.
Falkland Islands' Her Honour the Acting Governor delivered on Tuesday his State of the Nation speech to the elected Legislative Assembly underlining progress and expansion achieved in the economy and community development, the UK resolute in defending the rights and wishes of the Falkland Islanders to develop their own natural resources, and despite Argentine disruption and blockade efforts, first oil is expected to be produced in 2019.
The Falkland Islands Legislative Assembly received on Tuesday the Appropriation Bill which allows for expenditure of £61.4M pounds in the fiscal year 2015/16, supported by revenues of £56.9M and a projected £4.9M from oil and gas exploration, thus completing another surplus year.
The US Senate has voted to limit the government's ability to collect phone data, a policy that had been in place since the attacks of 11 September 2001. The USA Freedom Act extends the government's ability to collect large amounts of data, but with restrictions.
Sepp Blatter, who four days ago was re-elected for a fifth four-year term as president of FIFA, the world football's governing body announced on Tuesday in Zurich that he would resign his position and lay down his mandate at an extraordinary elective congress to be held later in the year.
The lead investigator in the mysterious death of special prosecutor Alberto Nisman, who had accused Argentina's president of wrongdoing, came under sharp criticism on Monday with a video showing police experts working without latex gloves at the apartment where the body was found last January.
Malaysia Airlines is technically bankrupt, its chief executive has said, as he announced a restructuring program and plans to cut about 6,000 jobs. The announcement follows the twin air disasters which forced its nationalization last year.