Oil prices slid on Tuesday, approaching seven-year low points on a global supply glut and weak demand growth. Crude futures had already slumped Monday after the OPEC oil producers cartel last week refused to slash record high output, in a market dogged by oversupply.
Argentina's foreign minister-designate Susana Malcorra said the FTAA (Free Trade Area Of the Americas) is not a bad word suggesting the country could eventually sign a free trade deal with the United States in the future. She also referred to the Falklands/Malvinas dispute, an urgent claim but focusing on things in common and not differences.
Venezuela said the opposition coalition MUD has won a two-thirds super majority in the country’s legislature, a major victory in Sunday’s elections.
Argentine president Cristina Fernandez will not be attending the swear-in ceremony in Congress on Thursday when president elect Mauricio Macri is set to take office, according to Oscar Parrilli, head of intelligence and one of the closest aides of the Kirchners, conditions are not given.
The Falkland Islands have received assurances of sustained support from the British Parliament and from the Falkland Islands Association at that organisation’s annual general meeting in London where members were given a positive report of progress and economic development in the Islands.
Venezuela's fragile opposition coalition which managed to come together to achieve victory over the Chavista government on Sunday, now faces the test of trying to stick together and use its newly won congressional authority to address the country’s deep economic problems and political rifts.
Analysts expect Brazil's economy to contract by 3.50% this year, with inflation hitting 10.44%, the Central Bank said on Monday. GDP and inflation estimates come from the Boletin Focus, a weekly Central Bank survey of analysts from about 100 private financial institutions on the state of the national economy.
Impeachment proceedings against Brazil's President Dilma Rousseff were delayed on Monday by a fight between supporters and opponents trying to stack a lower house committee that will report on whether she committed an impeachable offense.
Argentina's next foreign minister Susana Malcorra, who will have the task of reestablishing relations with 'all countries', including those with which there are pending or difficult situations, made it a point to underline British Prime Minister David Cameron's gesture of phoning president elect Mauricio Macri to congratulate him on his victory.
The Falkland Islands will commemorate this Tuesday 8th December, the naval engagements of 8th December 1914, one of the Royal Navy's greatest victories during the First World War, which resulted in the sinking of a German imperial squadron that threatened to capture the Islands.