Former Brazilian President Luiz Inacio Lula da Silva was diagnosed with throat cancer, casting doubt on his political future in Latin America's largest economy.
The European Union (EU)'s new bailout deal reached Thursday served a boost to global markets. China, as a major trade partner with the EU, welcomes its step to tackle the debt crisis and expects to enhance cooperation with the regional bloc for world economic recovery.
The Brazilian congress approved this week the creation of a Truth Committee that will look into human rights abuses from 1946 to 1988, which includes the military period from 1964 to 1985, but leaves untouched the controversial 1979 Amnesty Law that benefits military and police personnel.
“Malvinas is a sacred cause for the Argentines used by the military with a spurious purpose: to remain in power” according to Juan Bautista ‘Tata’ Yoffre author of the recently launched book “1982” on the Falklands/Malvinas conflict.
Malvinas continues as “a colonial dagger in America” said Argentine Foreign Affaire minister Hector Timerman during an Ibero-Latin American ministerial meeting in Paraguay ahead of the full summit on Saturday.
Argentina’s tax revenue office (AFIP) will validate from Monday onwards the people or enterprises that purchase currencies at the foreign exchange markets in order to control if they have the funds to do it and end with the irregular transactions, Economy Minister Amado Boudou announced Friday.
Falkland Islands oil explorer Desire petroleum unveiled Friday a new competent person's report (CPR), which it hailed as confirmation of the prospectivity of its licences.
Fitch Ratings has downgraded Argentine oil companies YPF and Pan American Energy foreign (PAE) currency Issuer Default Rating (IDR) to 'B+' from 'BB-' and has affirmed their local currency IDR at 'BB'.
The true test for the G20 will be whether it can prevent a future financial crisis, World Bank Group President Robert Zoellick said Friday ahead of the upcoming G20 summit in Cannes.
European Central Bank President Jean-Claude Trichet said in an interview in a German newspaper to be published on Sunday that the Euro zone sovereign debt crisis was not yet over and that it was too early for the all-clear signal.