Moody's Investors Service has changed the rating outlook on Argentina to negative from stable, citing haphazard economic policy decisions coupled with increasing questions about the reliability of official statistics.
Falkland Islands explorer Desire Petroleum said its half-year to end-June period losses decreased from 39.3 million dollars in the previous period to just 2m, due to a fall in exploration and evaluation expenses. It also announced that it was looking for a farm-in partner for the North Falkland basin, where the company is focused.
The possibility of a constitutional review in Argentina opening the way for the re-re-election of President Cristina Fernandez was again put to consideration by one of her staunch followers who nevertheless anticipated “if it’s not Cristina, in 2015 it will be whoever Cristina nominates as candidate”.
Venezuela's opposition candidate Henrique Capriles slammed President Hugo Chavez on Monday for blocking a live broadcast of an opposition rally, highlighting criticism the populist leader abuses state resources to guarantee his re-election.
The future need of the Falklands Islands labour market is the driving force behind a decision to review the Falklands immigration system, confirmed Head of Policy Jamie Fotheringham this week in a report published by Penguin News.
The International Monetary Fund (IMF) decided it will not release any communiqué regarding Christine Lagarde report over Argentina's statistics, the press department announced. It is expected that the report with the analysis of the Board of Directors will be released on Tuesday.
US soybean futures tumbled on Monday trading posting their biggest percentage drop in nearly one year, on selling sparked by anecdotal accounts of better-than-expected yields in the Midwest farm belt.
The United States launched on Monday a new trade case against Chinese auto and auto-parts subsidies as President Barack Obama stumped for votes in Ohio, an auto manufacturing state that could be decisive in the November presidential election.
Madrid regional president Esperanza Aguirre, an influential Spanish politician and a leader of the conservative wing of the ruling centre-right People's Party (PP), resigned on Monday in a surprise announcement.
Brazil has chosen an endangered armadillo as the mascot for the 2014 FIFA World Cup. While nature's version is light brown in colour, Fifa's mascot is yellow with green eyes and a blue shell, the colours of the Brazilian flag, and will be holding aloft a football.