A group of Argentine bondholders will offer creditors suing for the repayment of defaulted sovereign debt a private deal to get them to abandon their litigation, the state-run Télam news agency said.
International Monetary Fund announced it was holding constructive talks with Argentina about addressing flawed economic data that led to an unprecedented IMF censure of a member country.
Brazilian President Dilma Rousseff is approaching an election year as clear favorite, but she must do more to curb violence and corruption to maintain her popularity, according to a public opinion poll conducted by MDA and commissioned by the private transport sector lobby CNT.
Peru has scored a significant victory in the age-old battle with Chile over the origin of the two countries’ most popular liquor, with the European Commission recognizing the former as the original home of pisco
The new Legislative Assembly of the Falkland Islands has been announced, following the General Election which concluded on Thursday 7th November.
The Mercosur summit scheduled for December in Venezuela has been suspended and will most probably take place sometime in late January announced Uruguayan president Jose Mujica who on Friday cancelled a trip to Brasilia to meet with his peer Dilma Rousseff.
Venezuela's consumer prices rose 5.1% in October, pushing the 12-month inflation rate to 54.3%, the highest mark since the late President Hugo Chávez took power in 1999. The news was released by the central bank on Thursday which also revealed that the scarcity index had reached its highest level since 2009.
Without banners, rowdiness or the chanting of political slogans, a good number of Falkland Islanders sat patiently in Stanley Town Hall on Thursday night to await the announcement of the 2013 General Election.
Uruguayan president Jose Mujica is fed up with problems with Argentina but must abandon the 'presidential diplomacy' and turn to 'professional diplomacy' because President Cristina Fernandez will not modify her conduct, warned one of Argentina's most respected political analysts, Rosendo Fraga.
Fears about disruption to next year's World Cup have been raised after the key global football conference Soccerex was cancelled for disputed reasons. Soccerex organizers said Rio de Janeiro's state government had called off next month's event due to concerns about ongoing civil unrest in Brazil.