
A rise in interest rates on French government debt and weaker growth prospects could be negative for the outlook on France's credit rating, Moody's warned in a report released Monday, adding to pressure on European debt markets.

President-elect Mariano Rajoy resisted pressure on Monday to disclose his plans for rescuing Spain from economic disaster, keeping anxious Spaniards and impatient investors on edge following his election triumph.

Paraguayan members from the Mercosur Parliament, Parlasur made a public statement to complain the ‘intimidating Brazilian military display’ with armoured vehicles and heavy equipment along the border particularly across from the Ciudad del Este which is ‘contrary to international agreements and the Mercosur spirit’.

The Unasur (Union of South American Nations) twelve presidents will define “lines of action” for 2012 during a meeting on the sides of the Latin American and Caribbean States Community, Celac, summit scheduled for December 2 and 3 in Venezuela.

President Jose Mujica said on Sunday that his peer from Brazil Dilma Rousseff will make a strong declaration in support of Uruguay when the next G20 summit to counter French President Nicholas Sarkozy recent statements in Cannes describing one of Mercosur junior members as a “fiscal haven”

The Iron Lady,” Meryl Streep's latest film where she plays Margaret Thatcher made its world premiere in Beijing on Saturday evening during the China-US Arts and Culture Forum and a month ahead of its launching in US and Europe cinemas.

President Barack Obama was encouraged by the constructive tone of a discussion about the South China Sea issue at an East Asia leaders' meeting in Bali, Indonesia, a senior US official said.

Brazil's government is working on a new rule to further limit the purchase of farm land by foreigners, arguing that the current legislation has been “insufficient,” a Brazilian newspaper said on Saturday.

Greece's creditors failed to persuade the leader of the main conservative party to drop his refusal to sign a pledge that he will back austerity measures under a bailout deal aimed at saving the country from financial ruin.

The conservative opposition People's Party (PP) won an overwhelming victory in Spain's election on Sunday as voters vented their rage on the ruling Socialists for the worst economic crisis in generations.