European leaders have warned Greeks that rejecting creditors' proposals in a snap referendum called for Sunday would mean leaving the Euro. German Vice Chancellor Sigmar Gabriel said the vote would be “yes or no to the Euro zone”.
China has hosted the signing ceremony of the Asian Infrastructure Investment Bank (AIIB), a new international financial institution set to rival the World Bank and Asian Development Bank. Delegates from 50 countries signed articles that determine each member's share and the bank's initial capital.
NBC has ended its relationship with real estate developer and TV personality Donald Trump and his Miss USA and Miss Universe pageants after he made comments insulting Mexicans when he began his run for president. The pageants, which are part of a joint venture between NBC-Universal and Trump, would no longer air on NBC due to the recent derogatory statements by Donald Trump regarding immigrants the company said in a press release.
State-controlled oil giant Petrobras, which is mired in a corruption scandal that has rocked Brazil, said Monday it was cutting investment by 37% during the 2015-2019 period. Investment during the period will now total $130.3 billion, down from the $220.6 billion originally planned, Petrobras said in a filing with the Sao Paulo Stock Exchange.
General Ricardo Cundom was sworn in on Monday as the new chief of the Argentine Army, and in his first words said that replacing outgoing César Milani in the role was the biggest challenge he had ever faced.
The 53 member states of the Commonwealth have pledged to support Guyana in the ongoing maritime border dispute with Venezuela. Commonwealth Secretary General Kamalesh Sharma, sought to assure the government of the groupings commitment on his arrival to Jamaica.
The Argentine court order that assets of several international oil companies drilling for oil in the Falkland Islands be seized has caused mild turbulence in their share prices. Tierra del Fuego judge Lilian Herraez ordered the authorities to seize bank accounts, boats and other assets worth an estimated US$156mln.