Argentina filed with United States regulators the terms of its offer to swap up to 20 billion US dollars in defaulted debt, bringing the exchange a step closer to launching.
Sugar fell in New York and London, reversing earlier advances, as an improved outlook for production in Brazil and normal rainfall in India outweighed concern that supplies will fall short.
International credit rating agency Standard and Poor's downgraded on Wednesday Spain's credit rating from “AA+” to “AA” with a negative outlook. The move comes a day after S&P gave Greek bonds a junk rating and lowered Portugal's credit rating from “A+” to “A-”.
Brazil’s health minister has an interesting solution for the nation’s high blood pressure problem: more sex.
The University of Chile reported Monday a Santiago unemployment rate of 10.8%. While this is higher than what it was before the international recession (when it stood at around 8%), it is two percentage points less than what it was in March of 2009.
Brazil's High Court of Justice ruled Wednesday that the Brazilian patent for the drug Viagra is due to expire June 20.
Argentine President Cristina Fernández de Kirchner and her Uruguayan counterpart José “Pepe” Mujica said on Wednesday they will be working to “re-channel” bilateral relations and will strictly abide the ruling of the Botnia paper mill case.
The US Federal Reserve decided on Wednesday to leave interest rates unchanged saying the current recovery will not result in rampant inflation and anticipated exceptionally low level rates for an extended period.
Ongoing effort to find new uses for soy-based products has kicked off at Southern Illinois University in Carbondale (US) for shovelnose sturgeon caviar production.
The head of the International Monetary Fund has warned that the crisis in Greece could spread throughout Europe. Dominique Strauss-Kahn said that every day lost in resolving Greece's problems risks spreading the impact “far away”.