
The Gibraltar Government has taken another legislative step toward allowing fishing with certain types of nets in British Gibraltar territorial waters under limited, strictly-controlled conditions, reports the Gibraltar Chronicle.

Argentina is creating new tax incentives to bolster a domestic software industry that is expected to generate sales of 3.75 billion dollars this year, including 900 million in exports. The incentives take effect this week and are to remain in place through the end of 2019.

US President Barack Obama warned Republicans in Congress on Monday that he will not negotiate over an extension of the US debt ceiling as part of a budget battle that will soon dominate Washington, with a deadline fast approaching.

A group of Panama National Assembly members has arrived in the Falkland Islands for a week long visit. The party is headed by Foreign Affairs Commission president Dalia Bernal and includes Yaniel Abrego, president of the Education Commission, lawmaker Renaul Dominguez and Jorge Gantes legal advisor of the Foreign Affaris Committee.

The Food and Agriculture Organization of the United Nations (FAO) praised Argentina’s Law on Rural Lands (Ley de Tierras Rurales), stating that the measure could serve as an example for the region. FAO has invited Argentine representatives to expound their experience with the law at a workshop to be staged next week in the Colombian capital of Bogotá.

Following a meeting with President Dilma Rousseff, Banco Santander Chairman Emilio Botin said that the Spanish bank has 10 billion dollars available to finance infrastructure projects in Brazil. He also anticipated that loan book growth at Banco Santander Brasil SA would be up about 10% in 2013.

President Juan Manuel Santos presented before Colombia’s constitutional court a demand against the Pact of Bogotá arguing that a recent ruling from the International Court of Justice on a maritime dispute with Nicaragua does not comply with the Colombian constitution.

Argentina's Consumer Price Index (IPC) was of 0.8% in August, according to the INDEC statistics bureau, totalling 6.6% this year. Price hikes were mainly seen in food and beverage, household equipment and maintenance sectors. Meanwhile, entertainment costs went down in August.

Paraguayan president Horacio Cartes begins on Monday a two-day visit to Chile where he is scheduled to meet his peer Sebastián Piñera and hold a round of talks with business people inviting them to invest in Paraguay. At the end of the month Cartes will be flying to Brasilia to meet President Dilma Rousseff.

Lawrence “Larry” Summers, the former Treasury Secretary who served Presidents Clinton and Obama, called President Barack Obama on Sunday to say he is pulling out of the race to succeed Ben Bernanke as chairman of the Federal Reserve.