Elliot Management Hedge Fund claimed on Tuesday that President Cristina Fernández administration refuses to negotiate a solution over Argentine debt in default, stating that they would prefer to seek a solution with the head of state's successor in 2015.
The International Air Transport Association (IATA) called on the Venezuelan government urgently to honor its commitment made in March to permit the repatriation of 3.9 billion dollars of airline funds at fair exchange rates. The funds are from sales of airline tickets in Venezuela and are being held in contravention of international treaties.
At least twenty members of Brazil's Lower House belonging to the ruling coalition have formally asked for the return of former president Lula da Silva as candidate for next October's election given 'the current economic situation of the country', which in practical terms means dumping Dilma Rousseff's re-election pretensions.
Argentine Economy Minister Axel Kicillof and Industry Minister Débora Giorgi fly to Brasilia on Tuesday in a bid to swing the automobile trade balance in Argentina’s favor, with the sector accounting for the majority of a total 3.15 billion dollars trade deficit. From Brazil Finance minister Guido Mantega confirmed bilateral discussions on the auto industry and exports.
The relationship between Argentine President Cristina Fernández and Pope Francis “is fluid and direct” with a “permanent dialogue and no intermediaries,” Religion Secretary Guillermo Oliveri told a Buenos Aires radio on Monday from Rome, where he attended Sunday's canonization ceremonies for John Paul II and John XXIII.
Argentine Foreign Minister Héctor Timerman began a two-day visit to Israel on Monday that aims to strengthen the diplomatic ties weakened last year after the signature in Buenos Aires of the memorandum of understanding with Iran for the investigation of AMIA bombing.
FIFA president Joseph Blatter and several top players came out in support Monday of Barcelona right-back Dani Alves, who ate half of a banana that was thrown at him in a racist gesture a day earlier during his side's 3-2 win at Villarreal.
Residents of a northern suburb of Rio do Janeiro torched five buses Monday shortly after a 17-year-old youth died in a shootout between criminals and police, Brazilian media reported. The incident again put a harsh spotlight on security in the country, just six weeks before Brazil hosts the football World Cup, with Rio staging seven matches including the July 13 final.
The £50 note featuring the first governor of the Bank of England, Sir John Houblon, will be withdrawn on Wednesday after 20 years in circulation. From that time, only the £50 banknote featuring Matthew Boulton and James Watt, which was introduced in 2011, will hold legal tender status.
FIFA secretary general Jerome Valcke downplayed recent violence in the favelas of Rio de Janeiro as a threat to the upcoming World Cup. The city was the scene of violent outbursts last week when a dancer was found dead with his friends and family blaming the killing on the police.