
Credit rating agency Standard & Poor's On Monday upgraded its credit outlook for the United States government to stable from negative, saying the chances of a downgrade of the country's rating is less than one in three.

US spy chief James Clapper has admitted the government collects communications from internet firms, but says the policy only targets non-US persons. The director of national intelligence was responding to articles about an alleged secret programme, Prism.

Major tech companies including Apple Inc, Google and Facebook Inc said they do not provide any government agency with “direct access” to their servers, contradicting a Washington Post report that they have granted such access under a classified data collection program.

The United States is to start a dialogue with Venezuela aimed at restoring their respective ambassadors, US Secretary of State John Kerry has said. He was speaking after Venezuela freed and deported a US filmmaker who had been held on conspiracy charges. Mr Kerry welcomed Timothy Tracy's release as a positive development.

“The time for rhetoric exercises has run out”, said Uruguayan former president Tabare Vazquez during a presentation before the Latin American Studies Association, LASA, in Washington where he emphasized the need for Latinamerican countries to advance in agreements with the United States.

US President Barack Obama and Chilean President Sebastian Piñera renewed their push for a trans-Pacific trade agreement at a meeting in the White House Oval Office on Tuesday that also touched on education and renewable energy.

Chilean citizens have been chosen for the US Visa Waiver program, Chilean president Sebastián Piñera announced on Monday in Washington. He is scheduled to meet President Barack Obama at the White House on Tuesday to talk trade and other regional issues.

US Vice-President Joe Biden wound up a visit to Brazil on Friday saying it was high time the two largest economies in the Americas became closer partners in trade, investment and energy. He made the statement following a ‘wide-ranging discussion’ with President Dilma Rousseff at the Planalto palace in Brasilia.

The biggest pork firms in China and the US plan to join forces in a 4.7bn dollar deal that aims to feed the world's most populous country. China's Shuanghui International has agreed to pay cash for the Virginia-based Smithfield Foods, which including debt, values the firm at 7.1bn.

U.S. Vice President Joe Biden encouraged Brazil to open its economy further to keep up with free trade trends worldwide during a visit aimed at boosting business between the two largest economies in the Americas.