
United Kingdom and Uruguay signed a convention to avoid double taxation and prevent fiscal evasion related to taxes on income and on capital. British Ambassador Ben Lyster-Binns and the Uruguayan Foreign Minister Rodolfo Nin Novoa signed the agreement in a ceremony at the Palacio Santos in Montevideo.

United Nations Working Group on Arbitrary Detention wants Argentine President Mauricio Macri to explain why social leader Milagro Sala has been in jail for almost two months. The request comes two weeks after the UN Group accepted a filing submitted by the Centre of Legal and Social Studies (CELS), Amnesty International and Andhes, a group of lawyers from the northern area of the country.

Argentine foreign minister Susana Malcorra sided with former president Lula da Silva arguing that it is hard to believe that a leader with such a record is under a criminal investigation, and underlined that all the economic and political scenario of Brazil has a great impact in Argentina.

The caretaker Spanish Foreign Secretary, Jose Manuel Garcia Margallo, has declared that he will bring up the question of Gibraltar ‘the very next day’ if the UK votes to leave the European Union on 23rd June. The interview has been described by the Chief Minister Fabian Picardo as an example of why it's so much more important for Gibraltar to remain in Europe.

The Argentine government announced it downgraded the Malvinas Islands department at the Foreign ministry, but minister Susana Malcorra insisted that the sovereignty claim over the South Atlantic Islands remains as strong as ever and will advance in different forms, probably more subtle, and with Gibraltar as a reference.

Brazilian police on Friday questioned former President Lula da Silva for over three hours and searched his home and other properties linked to him and his family, one of the most dramatic developments yet in the sprawling corruption case at the oil giant Petrobras.

Brazil's GDP fared worse than almost any other major economy in 2015, contracting by 3.8%, according to the national statistics agency IBGE. Economic growth in the world's seventh-largest economy has fallen sharply in recent months, which was due partly to low commodity prices and sluggish global growth.

Elliott Management Corp., a New York-based hedge fund that invested in distressed Argentine government bonds well over a decade ago, will have made a $2.4 billion profit on its wager once this week's settlement is finalized, the Wall Street Journal said.

French President Francois Hollande has said he wants the UK to stay in the EU - and warned of the consequences for immigration and the economy of leaving. A French government minister earlier suggested his country could end UK border controls in Calais.

Executives from Brazil's second-largest engineering company, Andrade Gutierrez have testified that the company paid suppliers for President Dilma Rousseff's 2010 electoral campaign off the books, newspaper a Folha de S.Paulo reported on Tuesday.