
The Industrial and Commercial Bank of China Ltd, the world's largest lender by market value, got the green light from Brazilian regulators to operate a subsidiary in the Latin America's largest economy, the lender said on Wednesday. Brazil's central bank approved the license on Dec 19.

Argentine Foreign Minister Hector Timerman met with the relatives of victims of the Buenos Aires 1994 AMIA Jewish center bombing to update them on negotiations with Iran. The update came three months after Timerman's first public meeting with his Iranian counterpart.

Though plagued with flu and taking place largely in darkness, the recent visit to Norway by Members of the Legislative Assembly and senior government officials appears to have produced encouraging results and shone some light on possible developments in the Falkland Islands, according to MLA Dick Sawle.

Despite recession and the poor performance Britain has clawed back the ground it lost to Brazil in the rankings of the world's richest economies - but it is not expected to hold on to the spot for long.

The disruption of shipping and tourism in Argentina and the Falkland Islands reached the British Parliament and was addressed by Foreign Office officials who said the UK regrets the Argentine attitude but is also holding talks with international partners that share concerns about illegitimate interferences, and with the cruise industry.

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Argentina strongly protested on Friday Britain's decision to name a vast swath of Antarctica as Queen Elizabeth Land. The Foreign ministry handed a formal protest note to British Ambassador John Freeman in Buenos Aires.

The World Bank's arbitration unit has agreed to hear a complaint by Spanish oil firm Repsol over Argentina's nationalization of the company's former energy affiliate YPF.

US President Barack Obama has nominated Senator John Kerry to succeed Hillary Clinton as his next secretary of state. Mr Obama said Mr Kerry's “entire life” prepared him for the role, and praised him for the “respect and confidence” he has earned from world leaders.

British Prime Minister David Cameron delivers his Christmas message to the people of the Falkland Islands: 2012 has been a memorable year for all of us. It’s been a year of happy celebrations but a year of more sober commemorations too. In London and Stanley, we celebrated the Diamond Jubilee, marking the 60th year of Her Majesty the Queen’s reign. The genuine and deep affection for Her Majesty both here and in the Falklands reminded us of the ties that bind us together.