Markets reacted positively to the measures announced on Thursday by the Brazilian government to help restore confidence among investors, although doubts about the long term capacity of the country to repay its foreign debt remain.
Headlines: Chile moves ahead; ICU for the agonizing patient; Tough negotiation ahead; G7 to press Argentina and the IMF.
Fernando Belaunde Terry, twice President of Peru, has died , aged 88. Here is an appraisal of the man and his contribution to Peruvian politics by Mercopress Correspondent Harold Briley, who knew him personally.
Former Argentine president Carlos Menem, currently in Washington, addressed this Monday a conference of Conservative political leaders from all over the world and in the evening was invited to a welcome dinner offered by President George Bush in the White House.
Former economy minister Domingo Cavallo walked free after an appeals court overturned last Friday his previous indictment on charges of smuggling weapons to Ecuador and Croatia last decade, ending his 65-day confinement in Campo de Mayo.
An International Monetary Fund, IMF, delegation is expected next week in Buenos Aires to resume financial aid discussions with the Argentine government in an attempt to stabilize the country's economy going through one of its longest recessions in history.
Punta Arenas air traffic back to normal; Uruguay backs Argentina's claim; Chile on a strong recovery trail:
May inflation in Argentina 4%
Uruguayan president Jorge Batlle offered a tearful public apology for remarks made last Monday when he called Argentines a bunch of thieves, officially putting an end to a diplomatic incident that sent tremors on both sides of the River Plate.
United States government publicly endorsed Argentina's latest efforts to resume talks with the International Monetary Fund, IMF.
Uruguayan president Jorge Batlle will personally apologize to Argentine president Eduardo Duhalde in Buenos Aires for offensive remarks about the Argentine people and current situation that erupted during a heated debate with journalists and which received ample coverage on both sides of the River Plate.