The International Monetary Fund announced Friday that it planned to send a negotiating team to Argentina for discussions on short-term loans following a meeting next week of the agency's executive board.
Brazil's new leftist president has delayed a plan to spend $700 million on jet fighters to upgrade the air force after vowing at his inauguration to feed the country's millions of hungry citizens.
Headlines: Oil report; 170th anniversary of the British usurpation; Scottish explorer William Bruce a forgotten polar hero.