The International Monetary Fund is seeking to boost its war chest by 600 billion dollars to help countries reeling from the Euro zone debt crisis, but some nations insist Europe must first do more to support its ailing members, international financial sources said on Wednesday.
Argentine Foreign Minister Héctor Timerman echoed the statements made by UK’s Prime Minister David Cameron in which he accused Argentina of colonialism, and counter attacked by saying that “it catches one’s attention to hear such statements when Great Britain and Colonialism are synonymous.”
Brazilian president Dilma Rousseff will be meeting her US peer Barack Obma next March when she is also scheduled to hold talks with Germany’s Chancellor Angela Merkel and attend a BRIC group summit.
Britain's Foreign Secretary William Hague praised Brazil's growing economic and political power as he opened two days of talks with the country's leaders, and also assured that British policy on the Falkland Islands will not change despite pressure from Argentina.
The Argentine government has began a round of consultations with the manufacturing sector to determine which capital goods from non Mercosur members can be listed for a higher common external tariff as was recently agreed by the trade block.
The Economy ministers from Colombia, Uruguay and Peru have been rated as the best in Latin America according to the financial magazine America Economica, a publication from the Chilean company Nanbei which does the annual survey based on interviews with 70 Latin American economists.
International tourist arrivals grew by over 4% in 2011 to 980 million, according to the latest UN World Tourism Organization World Tourism Barometer. By region Europe was the best performer having increased 6% while the sub-region of South America topped the ranking with 10%.
Members of the British Services Antarctic Expedition 2012 on Tuesday marked the 100th anniversary of the day Captain Robert Falcon Scott's ill-fated team reached the South Pole, as their own journey begins.
British Prime Minister David Cameron has accused Argentina of colonialism over the country's claim to the Falkland Islands. Speaking at Prime Minister's Questions in the Commons, Cameron vowed to protect the Islands' population and allow them to decide their own future.
Foreign Secretary William Hague begins Wednesday a two-day visit to Brazil which according to Brazilian sources will mark the beginning of a strategic dialogue between the two countries.