
Argentina energetically rejected the UK complaint about alleged intimidation of vessels linked to Falklands/Malvinas activities as well as the awarding of squid licences in waters close to the South Atlantic archipelago.

Peru asked the International Court of Justice Monday to set a maritime border with Chile in a case that could greatly expand the amount of rich seas under Peruvian control off the two Pacific neighbours’ coasts.

Britain summoned Argentina's ambassador to London on Monday after masked men ransacked the offices of a shipping company in Buenos Aires, a move the Foreign Office alleged was aimed at deterring ships from visiting the disputed Falkland Islands.

Cable and Wireless Communications have announced the sale of the majority of its Monaco and Islands division which includes the Falklands. The company has accepted 680m dollars (£420m) from Bahrain Telecommunications Company (Batelco) for the division which operates broadband and telephone lines.

Spain's Repsol SA filed on Monday a complaint against Argentina before the International Centre for Settlement of Investment Disputes (ICSID) over its nationalization of energy company YPF SA, according to sources familiar with the dispute.

The IMF ratified last week that by December 17 Argentina must reply to Managing Director Christine Lagarde on the latest advances referred to the country’s statistics both on inflation and GDP growth.

Argentine Foreign Minister Héctor Timerman confirmed this weekend that there had been new meetings with envoys of the Iranian government over the probe handling the AMIA bombing, and assured that Argentina will present a new action plan in the coming few weeks, most probably in the next meeting scheduled for January.

Senior members from the Falkland Islands government have left for Norway and the Shetland Islands on an experiences-fact-finding mission as the Islands prepare for oil production in the near future.

Investment funds suing over Argentina's 2002 debt default have asked a US court to order the country to post a security deposit of at least 250 million dollars by December 10, while an appeal of a lower court's order is pending.

Moody's Ratings agency announced it has downgraded the European Stability Mechanism (ESM) and European Financial Stability Facility (EFSF) from Aaa to Aa1, with negative outlook on each.