Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, though debt insurance prices on Thursday suggested investors believed a deal could eventually be reached.
Argentina faced a race against on time on Wednesday to avert its second default in 12 years, needing to either cut a deal by the end of the day with "holdout" investors suing it or win more time from a U.S. court to reach a settlement.
Argentina looks set to default on its debt for the second time in 12 years next Thursday as negotiations with "holdout" investors seemingly go nowhere and neither side shows signs of blinking first, though a last minute deal can't be discounted.
Bandits attacked a Samsung Electronics Co Ltd factory near Sao Paulo late Sunday and held workers hostage while they robbed truckloads of smartphones, tablets and notebook computers the company valued at about $6.3 million.
A team of top Google executives is visiting Cuba to promote open Internet access, according to a dissident blogger who says she met the group in Havana.
The FIFA World Cup 2014 has officially kicked off despite many setbacks before the event. Watch Brazil play Croatia after the opening ceremony with performances from Jennifer Lopez, Pitbull and more.
As the World Cup opens this week in Brazil, thousands of poor and homeless Sao Paulo residents have camped out less than 3 miles away from the World Cup stadium, in a bid to pressure their government to provide affordable housing.
Social scientists at the University of Queensland - Centre of Social Responsibility in Mining received a grant from the Ford Foundation amounting to $US254,000 to improve inclusion and engagement opportunities in Columbia as the resources industry develops.
Facebook Inc is expanding its new video advertisingservice, allowing marketers to show the television-like spots to users of the social network in Britain, Brazil and five other countries, the company told Reuters.
iZettle, Swedish mobile company, pockets $55.5 million in a series C round led by Zouk Capital with other participants such as Dawn Capital, Intel Capital, Creandum, Greylock, Index, Northzone, and SEB.
Embraer SA , the world's largest regional aircraft maker, will set up a 131 million real ($59 million) investment fund for projects in the Brazilian aerospace industry alongside a number of state entities, according to a securities filing on Wednesday.
Silicon Valley need have no fear, but look out for the latest upstart to enter the tech arena: Miami.
Sao Paulo, Brazil-based curated web platform Netshow.me closed an undisclosed amount in its seed funding round from Buscape co-founder Rodrigo Borges to offer online concert service for artists and musicians.
London, UK-based venture capital firm Amadeus Capital picked up an undisclosed stake in Sao Paulo, Brazil-based online insurance broker Bidu.com for $4.5 million to take advantage of the growth in emerging markets.
Glencore Xstrata sold its Peru copper mine to consortium led by China MinMetals in an all cash deal valued USD5.8 billion, reported Ventures Africa.
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