
Earlier in the week Standard & Poor’s ratings services lowered to ‘B-’ from ‘B’ its unsolicited long-term sovereign credit rating on Argentina and on Friday the ratings agency said it is taking a similar rating actions on four Argentine banks and 16 Argentine corporations.

By Gwynne Dyer - By the end of November 6, we will know who will be the president of the United States for the next four years. We already know who will be the leader of China for the next 10 years, although Xi Jinping will not be officially installed in power until a few days later. But some would argue that that is the more important event.

Argentine Economy Minister Hernán Lorenzino and Central Bank Governor Mercedes Marcó del Pont are leading the country’s delegation in the technical G20 meeting in Mexico, where they are expected to insist on the government’s criticisms against ‘vulture funds’ and credit rating agencies.

When Argentina still has not recovered from the impounding of the Navy’s flagship, ARA Libertad, retained in Ghana, another piece of bad news was confirmed in Pretoria on Friday when South African Foreign minister admitted that a second navy vessel, ARA Espora, docked in Simonstown was exposed to a similar fate.

Governance of the Bank of England is defective, according to the chairman of the Treasury Committee following the publication of three independent reviews into the Bank's performance. Andrew Tyrie said the reviews were too little, too late.

By Rengaraj Viswanathan - In India, people are amused and puzzled, depressed and disinterested and occasionally inspired by the long and loud, colourful and typical American show that goes by the name of the presidential election.

The Royal Navy Type 21 Association raised funds in support of activities to remember those that have lost their lives in war and peace whilst serving in the Armed Forces. The funds were raised at a successful reunion recently held in Devonport where the eight Type 21 ships were based.

Britain faces a crisis that could end with the world's sixth largest economy leaving the European Union, Deputy Prime Minister Nick Clegg warned ahead of a showdown over budget spending with other states in the 27-member bloc.

President Cristina Fernández returned to stage on Thursday and assured that Argentina's dollar-denominated debt bonds are to be “paid in dollars” whilst criticizing the New York judiciary for its latest ruling against Argentina, in a speech at the Government House.

According to official data from Moscow veterinary services, for the first nine months of 2012, in total 500,000 pigs were slaughtered in order to stop the spread of African Swine Fever (ASF) in Russia.