The United States Congressional Budget Office, CBO released Tuesday its 10 year budget projections which includes a deficit for this fiscal year of 1.3 trillion US dollars, equivalent to 9.2% of GDP.
Asian markets suffered their biggest one-day losses in three months, as fears over planned limits on lending by banks in China unnerved investors already jumpy at proposed curbs on United States banks.
Brazil’ ruling Workers Party presidential hopeful Dilma Rousseff admitted that there was concern over the impact of a divided left ahead for the coming October presidential election, as happened in Chile where the conservative Coalition for Change defeated the ruling Concertacion in office for two decades.
Argentine Fisheries Under-secretary Norberto Yauhar is sponsoring a fishing cooperation agreement with Beijing that will allow Chinese flagged vessels to enter Argentine ports for provisions, repairs, unloading catches and landing transfers. The only condition is that the Chinese vessels must not have commercial ties with the Falkland Islands government.
Argentina officially rejected Monday the United Kingdom’s protest against a bill which includes as Argentine territory the Falklands/Malvinas islands and other insular territories in the South Atlantic, according to a release in Buenos Aires from the Ministry of Foreign Affairs.
Commander Dilip Donde, the first Indian attempting a solo circumnavigation voyage of the earth, will celebrate on Tuesday India’s 60th Republic Day by unfurling the national flag on his yacht, INSV Mhadei, docked at Port Stanley in the Falklands Islands, nearly 13,000 km from his homeland, according to reports in the Mumbai press
Over five million Brazilians are learning Spanish, according to the latest edition from Spain’s Cervantes Institute, “2009 Memory: Spanish language in the world”. This compares favourably with the one million registered in 2006, and covers the different levels of education in Brazil from primary school to university.
Uruguay’s president-elect Jose Mujica said that the long standing conflict over the Botnia pulp mill, which has soured relations with neighbouring Argentina, will inevitably be solved but he will only be meeting with Argentine authorities and not with the pickets who are blocking bridges leading to Uruguay.
Canadian Prime Minister Stephen Harper speaking at the International Conference on Haiti taking place in Montreal conceded Monday that countries are in for a decade of “hard work” to rebuild earthquake-shattered Haiti.
Police stopped the head of Argentina's central bank from entering the bank on Sunday evening, hours after he vowed to stay in his job despite a court ruling that the government said meant he had to step down.