A FOREIGN Affairs Select Committee has urged the Prime Minister to pin down the Argentine president about concerns relating to the Falklands when the visit by President Kirchner, which was cancelled earlier this year, is rearranged.
One of the largest United States mortgage lenders, the California-based IndyMac Bank, has collapsed amid a growing credit crisis. Federal regulators seized the bank's assets, fearing it might not be able to meet withdrawals by depositors. It is the second-largest financial institution to fail in US history, regulators say.
The United States said it was satisfied at the way the Argentine government is handling the dispute with the farmers, said Argentine Ambassador to the US Héctor Timerman on Friday, after participating in a meeting with the US Under-Secretary for Western Hemispheric Affairs Thomas Shannon and the Treasury Department Deputy Assistant Secretary for the Western Hemisphere Brian O'Neill.
Oil prices rebounded by more than 5 US dollars a barrel on Thursday as another missile launch by Iran stoked worries that escalating political tensions in the Middle East could cut off supplies out of the region.
The Organization of Petroleum Exporting Countries earnings from oil exports are expected to reach a record 1.251 trillion US dollars this year, about 73 billion more than previously estimated, according to the US Energy Information Administration.
The Argentine government asked on Thursday a judge to appoint an administrator for the country's main airline and flag carrier Aerolineas Argentinas, a move seen as a possible step toward a state takeover of the company and a potential controversy with the Spanish government.
Headlines: A Royal gift; Ships to sound horns in protest; New policy man joins Falklands government; Inside Penguin News
The Consumer Prices Index in Argentina increased 0.6% in June and 4.6% in the first half of the year. Wholesale prices jumped 1% in June totaling 6.3% in the first six months of 2008, both percentages according to the official Statistics and Census Office, Indec
Workers from Brazil's government managed oil corporation Petrobras confirmed on Friday they will begin a five-day strike at the country's main fields in the off shore Campos basin on Monday, regardless of whether the company presents a proposal before then.
President Hugo Chavez of Venezuela and his Colombian counterpart Alvaro Uribe signed several agreements to promote closer ties, after months of political tension.