Stocks in Argentina fell more than five percent Monday, pulled down by plummeting oil company shares, despite signs that global crude prices are stabilizing.The market in Buenos Aires at midday was 7,839.15, down 5.17 percent.Shares of Brazil's state-owned Petrobras oil giant were down nearly 11 percent at midday, while shares of Argentine power company Transener fell 9.6 percent.Another Argentine energy company, Comercial del Plata, saw its stocks fall 9.3 percent.All told, oil industry stocks have Read more [...]

PORT ELIZABETH, South Africa - South Africa defended their title on home soil by beating current series holders New Zealand 26-17 in an enthralling final of the third round of the world sevens circuit on Sunday. Australia saw off Argentina 34-19 for third place while the United States, coached by former England and Kenya tactician Mike Friday, stunned perennial stars Fiji 21-14 to win the Plate, or fifth place.In the final, speedster Sherwin Stowers slid in for New Zealand's first try Read more [...]