Argentina’s nationalized energy company YPF on Tuesday signed a memorandum of understanding with the local subsidiary of the US Dow Chemical to develop the shale gas deposits in the southern Nequen province.
A stadium in Brazil that was due to host athletics at the 2016 Olympics has been closed indefinitely because of structural problems with its roof. The Joao Havelange stadium in Rio de Janeiro was built only six years ago. It was also being used as the main football venue in Rio, while the city's Maracana stadium is being renovated for next year's World Cup.
A US court in New York on Tuesday rejected Argentina's request for a full-court rehearing of an appeal it lodged as it struggles to shake off holders of 1.3 billion dollars in defaulted bonds.
A majority of Germans doubt Chancellor Angela Merkel's guarantee that their savings accounts are safe, an opinion poll published by Stern magazine and RTL TV showed, six months before the federal election.
Brazilian President Dilma Rousseff will attend this week's BRICS summit of five emerging powers hosted by South Africa to discuss creation of their own development bank, the Planalto office announced.
Lawmakers from Argentina and the UK attending the 128th Inter-parliamentarian Union assembly held in Ecuador have been holding intense but ‘respectful’ discussions about the Falklands/Malvinas sovereignty dispute.
Ben Bernanke has defended the continuing low-interest-rate policies of the US Federal Reserve and central banks in Europe, saying they are helping to boost the global economy. The Fed governor's comments come after some analysts have voiced concern that such low rates are cutting the value of currencies of advanced nations.
The Falkland Islands said that Argentina’s ‘frantic efforts’ to have the international community ignore the voice of the people of the Falkland Islands is ‘a diplomacy of desperation’ and insisted that the recent referendum results again confirmed that the people of the Falklands have no desire to be governed by Buenos Aires.
Euro-zone finance ministers have agreed a deal on a 10bn-Euro bailout for Cyprus to prevent its banking system collapsing and keep the country in the Euro-zone. Asian financial markets rose in early trading on news of the deal.
Pope Francis confirmed that he will go to Rio de Janeiro at the end of the July to take part in the Church's World Day of Youth, a gathering of Catholic young people that takes place in a different city every two years. Taking advantage of his presence in Brazil several neighbouring countries, Argentina, Uruguay and Chile have already extended invitations to the Pope.