
Britain's ruling Conservative Party is imploding this week as a result of a no-holds-barred battle over Brexit that has seen the expulsion of 21 moderate MPs, including Winston Churchill's grandson, experts said.

Argentina's peso surged on Tuesday, pumped up by Wall Street traders cheering President Mauricio Macri's capital controls that are aimed at protecting the beleaguered currency. The peso closed 5.39% higher at 55.98 per U.S. dollar, traders said, its strongest level in a week after a near-record low close on Friday.

Venezuelan President Nicolas Maduro on Tuesday ordered the armed forces to be on alert for a potential attack by Colombia's government and announced military exercises on the border amid the rearmament of a group of former guerrilla commanders.

All 21 lawmakers from the ruling Conservative Party who voted against the government to back a motion to seize control of parliamentary time to try to block a no-deal Brexit will be expelled from the party, a spokesman said.

Brazilian automaker CAOA reached an initial agreement to buy Ford Motor Co's plant in Sao Bernardo do Campo, the companies said on Tuesday, but CAOA could slash 1,300 jobs, according to the union representing the plant's workers.

The American Petroleum Institute on Tuesday urged the Trump administration to reject proposals floated by U.S. farmers and ethanol producers to boost ethanol demand, the latest development in the clash over bio-fuel policy.

Prime Minister Boris Johnson raised the prospect of a snap election on Tuesday after he suffered a major parliamentary defeat over his Brexit strategy that could delay Britain's exit from the European Union.

Amid fresh signs his trade wars are rattling the US economy, President Donald Trump on Tuesday sent stern warnings to China, urging the Pacific power not to drag its feet in trade negotiations.

The Argentine government made official the authorization for a second weekly flight between the South American continent and the Falklands Islands, this time to Sao Paulo, Brazil with a stopover once a month, on both ways in the city of Cordoba. This means all is ready for the inauguration.

Argentina’s central bank is talking to the International Monetary Fund about revising its monetary policy target for September, the institution’s president Guido Sandleris told reporters in Buenos Aires on Monday.