In spite of massive violent protests by farmers in downtown Seoul, the Chilean government is confident that the free trade agreement between South Korea and Chile will be finally approved by the Southeast Asian country Congress.
International Monetary Fund Managing Director Horst Koehler will be arriving in Buenos Aires next Monday morning, where a long agenda of interviews and contacts awaits him plus a lot of convincing.
The United Stated Federal Reserve concerned with the slow growth rate of the US economy could reduce interest rates further this coming week when the Open Monetary Committee meets again, reports The Washington Post.
Luiz Inácio Lula da Silva of Brazil on Friday became the first head of state who opposed the US-led war in Iraq to be received by US President George W. Bush in Washington.
Argentine President Nestor Kirchner signed a decree Thursday placing limits on his power - and that of future heads of state - to fill Supreme Court vacancies.
A strong earthquake rocked north central Chile Friday, damaging houses but causing no injuries, authorities said.
After two days of deliberations Brazil's Central Bank Monetary Policy Committee, COPOM, reduced the Selic basic interest rate half a point to 26%. The much expected announcement was interpreted as a clear signal that after almost a year of persistent steady prices, inflation had reached its inflexion point and has began a moderate slide.
Under the undisputed leadership of Brazil and Argentina, Mercosur members, associate members Chile and Bolivia, and as special guest Venezuela, the South American trade block celebrated the XXIVth presidential summit in Asunción, Paraguay with the commitment to strengthen the political agenda and expand regional integration creating a genuine single market by 2006.
Mercosur foreign ministers have signed the draft of a negotiating protocol they hope will eventually lead to a mutually beneficial free-trade pact between the South American trade bloc and India.
Brazilian President Luiz Inacio Lula da Silva was named Wednesday as this year's winner of the Prince of Asturias Prize for International Cooperation, the latest individual to be honored by the Hispanic world's equivalent of the Nobels.