The Argentine police unrest in demand for higher wages which started last Monday in Cordoba has rapidly spread to at least eight other provinces and the central government in Buenos Aires is preparing for a major challenge. It has already sent special gendarmerie forces to Santa Fe and Cordoba, on request from the governors.
Venezuelan President Nicolas Maduro says that winning Sunday's municipal elections is essential for continuing the country's socialist revolution and honoring the legacy of the late Hugo Chavez. For opposition leader Henrique Capriles Radonski, the vote is seen as a referendum on Maduro's economic policies, which he says are destroying the country.
The World Trade Organization has agreed its first ever global deal aimed at boosting commerce. The agreement reached in Bali, Indonesia, simplifies trade procedures and also makes it easier for the poorest countries to sell their goods.
Global equity markets surged and the dollar rose against the Yen after stronger-than-expected US jobs data gave investors confidence the economy is strong enough to withstand an expected reduction in Federal Reserve stimulus.
Argentina will from next week open the doors for Brazilian imports held up on the border between the two nations, including footwear and motor vehicles, according to Brazilian Minister of Development, Industry and Foreign Trade Fernando Pimentel.
The US government has asked the US Supreme Court to intervene over a hedge fund's effort to gain information about Argentina's non-US assets as part of an ongoing litigation, which is rapidly becoming a lead case regarding sovereign assets and sovereign debts rescheduling.
Brazil's annual inflation cooled in November falling to 5.77%, reported the Institute of Geography and Statistics, IBGE, on Friday. The November reading was the lowest since registering 5.84% in December 2012.
The British Government drew a historic parallel between Gibraltar and Spain’s north African enclaves in a parliamentary response this week. While recognizing that Ceuta and Melilla had a different constitutional relationship with Spain, Europe Minister David Lidington said the enclaves and Gibraltar both stemmed from “a distinct set of historical circumstances.”