Brazilian president Luiz Inacio Lula da Silva reelection bid was officially launched this week by his closest advisor and most influential minister, Jose Dirceu head of Planalto Palace (Government House).
The Federal Open Market Committee decided Tuesday to raise its target for the federal funds rate by 25 basis points to 2, 75%, and cautioned that it will respond to changes in economic prospects as needed to fulfill its obligation to maintain price stability. This is the seventh hike running in nine months.
Chile's ruling coalition Concertación Democrática will be holding primary elections next July 31 to decide on its presidential candidate for December elections.
Oil prices won't drop much from their current record levels unless the United States falls into recession, forecasted Saudi Arabian former Oil Minister Ahmed Zaki Yamani.
The Argentine government denies it was considering monetary compensations for Malvinas war veterans and for next of kin of killed servicemen.
US Defence Secretary Donald Rumsfeld currently visiting Argentina said that US-Argentina relations are based on a long friendship which continues to strengthen and on common challenges faced by both countries.
THE Falklands is to receive the Queen's baton which will carry Her Majesty's 'message to the athletes' at the 2006 Commonwealth Games in Melbourne.
Democrat congressional leaders called on U.S. President George W. Bush and his Mexican counterpart Vicente Fox, to take action in reforming the current immigration system.