The World Bank is concerned about the spill-over effects on developing countries of a slowing of US money creation and will move to provide affordable capital when borrowing costs rise.
Russian state oil company Rosneft has agreed to double its oil supplies to China, in a deal worth 270bn dollars over 25 years. Under the terms of the deal, Rosneft will supply 300.000 barrels of oil a day to China starting in 2015.
An Irish-bred sheepdog has shot to fame by becoming the most expensive working dog ever sold at an official sale, making almost €11,000 at auction. Bob, a 15-month-old dog sold by John Bell of Parks Farm, Howden, Selby in East Yorkshire, for a record-breaking £9,240 at the working dog sale in Skipton Auction Mart, North Yorkshire, on May 17.
Brazilian Foreign minister Antonio Patriota confirmed on Thursday that Paraguay’s suspension from Mercosur will be in the agenda of the coming presidential summit, next 12 July in Montevideo.
Foreign minister Hector Timerman once again anticipated Argentina’s willingness to overcome the Malvinas (Falkland) Islands sovereignty conflict through dialogue, but unfortunately a resolution of the dispute was ‘hostage in London’ and of UK’s ‘imperial disdain’.
Still licking the wounds from her defeat at the Supreme Court that ruled unconstitutional several articles of her attempted and controversial judicial reform, Argentine president Cristina Fernandez ironically said she would be running for judge in 2015 and pledged to continue fighting.
A top Falkland Islands’ politician and Britain's UN envoy shrugged off the idea of the Pope intervening in the long-running sovereignty dispute over the Falklands/Malvinas and South Atlantic islands, as was suggested at one point by Argentine President Cristina Fernandez.
Brazilian president Dilma Rousseff has called for an urgent meeting of her main ministers Friday morning to address the effects of the current demonstrations through out Brazil which on Thursday evening convened over a million people in eighty cities.
Brazil's biggest protests in two decades intensified on Thursday despite government concessions meant to quell the demonstrations, as over 300,000 people took to the streets of Sao Paulo, Rio de Janeiro, Brasilia and tens of thousands more flooded an estimated one hundred cities.
Brazilian Industry and Foreign Trade minister Fernando Pimentel met this week in Buenos Aires with President Cristina Fernandez and members of her cabinet to address several bilateral trade issues that growingly concern President Dilma Rousseff because of Argentina’s increasingly market protection policies.