
The International Monetary Fund cut its growth forecast for the United States and said the economy would not reach full employment until the end of 2017, allowing the Federal Reserve to take its time before raising interest rates.

The Pacific Alliance will try to 'expand its influence' through agreements with other blocks to improve cooperation in different fields while targeting a wider integration in the region, said Mexico's Economy minister Ildefonso Guajardo. The Alliance is holding its summit this week in Punta Mita, Mexico when the chair of the group will pass from Colombia on to Mexico.

The determination of European Commission President Manuel Barroso to conclude a deal with Mercosur before he leaves office posed a severe threat to Ireland's interest, Independent MEP Marian Harkin has warned in a piece reported by Irish Independent.

Argentina's consumer price index revealed an inflation rate of 1.4% for May, down from 1.8% in the previous month announced on Friday Economy Minister Axel Kicillof at a press conference held at the Ministry in Buenos Aires. In the first five months of the year inflation stands at 13.5%.

Along with 3 billion other viewers around the world, I plan to tune in for the month-long World Cup to see whether the 22-year old Neymar can withstand the colossal pressure that has been put upon his shoulders to deliver a win for team Brazil.

Argentina reacted strongly and with a letter in harsh terms to Uruguay's decision to authorize Finland's UPM-Kymmene pulp mill to increase annual production by 8%. The letter addressed by Foreign minister Hector Timerman to his peer Luis Almagro informs Argentina will take the case to international tribunals and is currently 'reassessing' bilateral relations.

The US Supreme Court will reveal its decision on Argentina's request regarding litigation with the hedge funds case on Monday at 10.30am, after deliberating on Friday behind closed doors. A final outcome could arrive as late as next year though, if the judges decide to ask the US government for an opinion on the case before ruling.

The US Senate confirmed on Thursday Stanley Fischer to be vice chairman of the Federal Reserve and approved Jerome Powell and Lael Brainard as members of the central bank's board, bolstering the Fed as it prepares to wind down its extraordinary stimulus.

The Government of Gibraltar has signed its first power purchase agreement for the provision of renewable energy. The agreement, which is with Eco Wave Power, is for the provision of an initial 0.5MW energy device on the eastside of the Rock.

China will be holding this year's World Meat Congress in Beijing, an event traditionally hosted by meat producing and exporting countries. However the significance of the world's second largest economy and its booming demand for meat have made it the right place for the 14/16 June conference.