Argentina’s attempts to return to global credit markets nine years after its 2001/02 default received this week mixed results. New York Federal Judge Thomas Griesa has issued a ruling urging Argentina to pay 54.33 million Euros (US$75.1 million) to the Capital Ventures International Fund.
Brazilian President Dilma Rousseff will discuss with her U.S. counterpart Barack Obama ways to counteract the threat posed by an undervalued Yuan and cheap imports from China, a Brazilian official said.
The US economic recovery still needs help from the Federal Reserve despite signs of improvement, the central bank's chairman Ben Bernanke said.
France and the U.N. food agency FAO warned on Friday about the risk of a new global food crisis and ensuing riots, calling for greater regulation to curb speculation on commodities markets.
The European Union Trade Commissioner Karel De Gucht will travel next week to Paraguay and Uruguay to reinforce bilateral relations and to advance on the ongoing EU/Mercosur negotiations to reach an overall trade and cooperation agreement.
United States and Egyptian officials are discussing a plan that would see embattled Egyptian President Hosni Mubarak step down immediately, according to a published report.
By 3pm last Friday afternoon, the protesters in central Cairo were chanting: Where is the army? Come and see what the police are doing to us. We want the army. And that is the main question, really. Where is the Egyptian army in all this?
Brazil is to provide free medicines for everyone suffering from high blood pressure or diabetes. The drugs will be distributed as of next month through a nationwide network of budget pharmacies, where many medicines are already heavily subsidised.
UK’s Vodafone was ordered to send mobile-phone text messages by the Egyptian government, urging people to confront “traitors and criminals” as demonstrators demanded the ouster of President Hosni Mubarak.
Competition with top trading partner China is costing Brazilian industry valuable market share, the National Confederation of Industry (CNI) in South America's largest economy said on Thursday.