Oil rose in New York, recovering from a plunge sparked by an International Energy Agency announcement that its members will release crude from strategic reserves.
Brazilian president Dilma Rousseff said she is convinced of her Argentine peer Cristina Fernandez de Kirchner re-election victory next October 23. Argentina is Brazil’s main associate in Mercosur and third trade partner.
The G20 farm ministers’ summit in Paris agreed on Thursday measures to tackle high food prices in a deal that steered clear of divisive details and paved the way to greater international cooperation on sensitive agricultural issues.
The European Parliament formally endorsed on Thursday Italy's Mario Draghi to be the next president of the European Central Bank. European Union leaders are expected to give their formal backing to the appointment at a summit allowing Draghi, 63, to take over as head of the bank when Jean-Claude Trichet steps down at the end of October.
Argentine president Cristina Fernandez de Kirchner has a 42% vote intention and in some districts of the country her support soars to 70%, according to consultants Public Opinion Studies, Centre, CEOP, released on Wednesday. Similarly Cristina Fernandez has at least a 25 points lead over her closest runner up.
“Deficient” or “problematic” accounting practices have been exposed in 37% of Cuban government companies according to the latest report from the Comptroller General, Gladys Bejerano.
Peruvian president elect Ollanta Humala invited his Bolivian peer Evo Morales to consider bilateral integration, in which both countries would unite into a confederation as happened between 1836 and 1839.
FIFA's ethics committee found comprehensive, convincing and overwhelming evidence that Mohamed bin Hammam and Jack Warner were involved in attempted bribery, according to the preliminary report that led to the suspension of the two officials.
The (adopted) heirs of one of Argentina’s most powerful media conglomerates will have blood samples taken in a Buenos Aires hospital on Friday after they decided to voluntarily have DNA tests to determine whether they coincide with DNA samples of relatives from people killed during the Argentine dictatorship (1976/1983).-
The head of PIMCO, the world's biggest bond fund, predicted that Greece and other European economies would default on their debts to resolve their problems as the Euro area deals with its debt crisis.