
British Prime Minister David Cameron office has highlighted the significance of Chief Minister Fabian Picardo’s visit to No 10 Downing Street as an indication of the relationship and support of UK for Gibraltar.

The sovereignty issue should be left aside and talks should concentrate on the business opportunities offered by the oil industry in the Falkland Islands, said lawmaker Dick Sawle during an interview with AP in Brazil where he is on a week long visit of business and political contacts.

Uruguay and Argentina presidents Jose Mujica and Cristina Fernandez seem to have ironed out differences, at least in public and in the pictures, during the inauguration of a gasoline and diesel de-sulphuring plant in Montevideo, which was financed with Venezuelan funds and Argentine technology.

Colombian President Juan Manuel Santos has confirmed that he would consider meeting FARC rebel leader Timochenko to accelerate talks aimed at ending 50 years of conflict but warned the nation will continue at war if Colombians reject what is agreed at the negotiating table.

Argentina’s central bank international reserves pierced the psychological barrier of 37bn dollars and ended Tuesday at 36.9bn dollars, which is the lowest in over six years and will continue to drain since next month the country must repay in full 2bn of a 2007 sovereign bond.

The opening of a new sovereign debt swap announced by Argentine President Cristina Fernández on national television on Monday has received strong support from allies, pledges of neutrality from the main opposition party but also criticisms.

Brazil's economy is going through a mini crisis stemming from global markets turbulence made worse by confusing messages from the US Federal Reserve, complained Finance Minister Guido Mantega.

Argentine President Cristina Fernandez got involved in the Lan Chile hangar conflict at the Buenos Aires metropolitan air terminal by praising the performance of re-nationalized Aerolíneas Argentinas and claiming that while foreign carriers can exploit the Argentine domestic market, “there is no reciprocity from other countries”.

The US Federal Reserve must consider when and how fast it unwinds its economic stimulus to avoid harming emerging market economies, senior Chinese officials said on Tuesday. Financial markets are uneasy because the US Fed might decide to reduce its monthly bond buying when it meets on Sept 17 and 18.

Initial estimates on foreign tourist purchases in London during this summer season are estimated to be worth £4 billion. Official statistics have not yet been disclosed. The contribution of Arab citizens to this figure is estimated to be worth £1.3 billion, says the British Commercial Association.