
Police in Peru have seized 2.3m dollars in counterfeit notes. Prosecution said the notorious Quispe Rodriguez family clan is behind the production of fake currency. Peruvian police chief, Raul Salazar, said the gang was planning to smuggle the counterfeit 50 dollar bills into the United States, hidden inside Peruvian souvenirs.

Mexican regulators have imposed a fine of 27.5 million dollars on banking giant HSBC for its failure to comply with money-laundering regulations.

The White House cut its outlook for US growth in 2012 and 2013 on Friday, hours after data showed the economy grew at a tepid pace in the second quarter, raising concerns about a slowdown that could mar President Barack Obama's re-election chances.

Russian President Vladimir Putin has an ambitious plan to cut his country's 3 billion dollars annual import bill for beef. He even aspires to return Russia's beef industry to its pre-revolutionary stature.

US Department of State Assistant Secretary for Public Affairs Mike Hammer urged the Argentine Government to normalize its relations with the international financial community and confirmed President Obama’s administration intention of having “the best possible relations” with Argentina.

US Republican presidential candidate Mitt Romney's high-profile overseas trip got off to a rocky start on Thursday when he was forced to clarify a comment seen as criticizing London's handling of the Summer Olympics that he came to celebrate.

Argentina asked a US federal appeals court to reverse lower-court rulings that could help creditors including Elliott Management Corp.’s NML Capital Fund collect on 1.4 billion dollars in defaulted bonds.

The first of the UK's next generation of stealth combat aircraft, Lightning II, was handed over to the Ministry of Defence at a ceremony in Fort Worth, Texas. Defence Secretary Philip Hammond formally accepted the first of the jets which are short take-off and vertical landing (STOVL) F-35 Joint Strike Fighters and are manufactured by Lockheed Martin.

More than 100 Democrats from the US House of Representatives have called on the UN to take responsibility for introducing cholera to Haiti. It is the latest twist in the allegation that UN peacekeepers unwittingly introduced the disease.

European Union, the United States and Japan on Wednesday requested a dispute settlement panel at the World Trade Organization (WTO) after failing to resolve a battle over China's export restrictions on rare earth minerals.