
The US Supreme Court heard arguments on Monday in the case of a British company embroiled in a legal battle with Argentina, with justices mulling the question of whether an arbitration tribunal has jurisdiction to punish a sovereign state in favor of a private company.

Fitch Argentina announced this week that industry pioneer Douglas Elespe has become its CEO/Managing Director and new venture partner, and will lead the company's shift to an Argentine and Uruguayan domestic credit ratings business focus under the new name FIX-SCR. The financial terms of the transaction are not disclosed.

Argentine Lower House passed last week a bill creating a commemorative coin as a tribute to Latin America's first Pope. Lawmaker Oscar Cachi Martinez first proposed the measure in April, and it garnered approval from congressional committees during November. The next step is for the bill to the considered by the Senate.

Argentina's cabinet chief on Monday hit back at the United States reacting to comments from the White House on the Argentine central bank reserves saying he was worried about the US and UK debt levels, the US debt reaches over 100% of GDP.

Spanish Prime Minister Mariano Rajoy drew a line under the diplomatic bag incident at the Gibraltar border following a conversation with his British counterpart, David Cameron. The two men spoke on the side lines of an EU summit in Vilnius, Lithuania, although their conversation centered mostly on Scotland and Catalonia, according to Spanish reports. “This (incident) has been resolved” said the Spanish president.

The Falkland Islands government said on Friday that Argentina's latest illegal attempt to undermine the Islands economy is in direct contradiction with its alleged claim that it wants to establish a dialogue and is yet another effort to disrupt the lives of 3.000 people who want to live in peace and with good neighborly relations.

Hooded far right extremists disrupted an academic event in the Spanish port of Algeciras at which Gibraltar Chief Minister Fabian Picardo was due to have delivered a speech on cross-border cooperation Thursday night. They were joined by a group of fishermen from La Linea and Algeciras standing next to a banner that read “Picardo Fascista”.

The troubled state of Brazil’s 2014 World Cup preparations and Qatar 2022 concerns are expected to be the main talking points at next week’s FIFA Executive Committee meeting in Salvador de Bahia.

United Nations independent expert urged authorities in Argentina to undertake an audit of its external debt to improve transparency, and to intensify efforts to improve social conditions for their people.

Argentina, Chile and Brazil have been elected to be members of the International Maritime Organization Council for the 2014/15 biennium by the IMO assembly, which is meeting in London.