Brazilian president Dilma Rousseff and her Russian counterpart Vladimir Putin have restated their aim of doubling bilateral trade between the two nations to a value of 10 billion dollars a year, in a meeting held a day before the sixth summit of the BRICS group on Tuesday.
Aurelius Capital Management, one of the lead holdout creditors seeking to settle with Argentina over sovereign debt payments from its 2002 default, said on Monday the Argentine government faced a new crisis on July 30 unless it engages in real talks.
The British boss of a FIFA partner firm being investigated over alleged illegal World Cup ticket sales has surrendered to a judge in Brazil. Police had tried to arrest Ray Whelan four days ago but he was not at his exclusive Rio de Janeiro hotel. Mr. Whelan, director of Match Hospitality, denies any wrongdoing.
Banking giant Citigroup will pay 7bn dollars to US authorities to settle an investigation into risky sub-prime mortgages. Citigroup will pay 4bn to the Department of Justice and 2.5bn for consumer relief.
Chinese President Xi Jinping arrived on Monday to Fortaleza, Brazil for a summit of the BRICS countries. The sixth summit of the BRICS, which consists of Brazil, Russia, India, China and South Africa, will be held in Brazil from Tuesday to Wednesday.
William Hague is stepping down as UK Foreign Secretary, the government said on Monday, as Prime Minister David Cameron reshuffled his cabinet in an apparent attempt to build a winning team for the general election in May next year.
FIFA president Sepp Blatter has praised a very special World Cup in Brazil on Monday and gave the hosts a mark of 9.25 out of 10, slightly better that the 9 he had given South Africa four years ago.