Argentina’s Cristina Fernández spoke to French president- elect François Hollande and newly elected Russian president Vladimir Putin to congratulate them on their wins and agreed to meet them both in the next G20 meeting in Mexico.
The flame that will burn during the London Games was lit on Thursday at the birthplace of the ancient Olympics on Thursday, heralding the start of a torch relay that will culminate with the opening ceremony on July 27.
Spain took over Bankia, the country's fourth biggest lender, on Wednesday, trying to dispel concerns over the government's ability to clean up the financial sector four years after the banks were hit by a property market crash.
The twelve countries members of the Union of South American nations, Unasur have for the first time opened to their peers defence budgets and how much they spend on the military, helping confidence building, according to reports from the group’s Secretary General Office.
The Gibraltar Government issued a statement on Tuesday saying it took note of comments made by Foreign Minister Jose Manuel Garcia-Margallo indicating the Spanish government is abandoning the Trilateral Forum which involved three-side talks: Spain, UK and Gibraltar.
Queen Elizabeth II gave her Queen's Speech to Britain's parliament Wednesday, setting out government policy for the coming year as the ruling coalition sought to fight back after a dismal month.
Spanish shares have fallen and the interest rate on the country's benchmark 10-year bond has risen amid fresh worries over the banking sector. The Ibex market fell by 3% and bond yields rose above 6%, a level seen as unsustainable.
Goldman Sachs raised its price target on several exploration and production companies, including Falklands’ Rockhopper Exploration, and said there were opportunities for deals in some assets in the sector.
British relations in South America could falter if the UK Government refuses to hold talks on the Falkland Islands sovereignty with Argentina, the country’s ambassador to London said this week.
China is buying crude oil from Iran using its currency the Yuan, an Iranian diplomat has said. Oil transactions are usually settled in dollars but US sanctions make it difficult for Iran to accept payments in the US currency.