Ecuador's Chief of Police said Wednesday that weapons seized this week in one of the country's capital Quito wealthy neighbourhoods were going to be sold to the Revolutionary Armed Forces of Colombia guerrillas.
Brazilian government Oil Company Petrobras which operates in Bolivia and is responsible for 20% of the country's GDP announced it will drastically reduce investments because of the latest controversial hydrocarbons bill.
An alleged former CIA agent currently held in Miami who is accused of terrorism in Cuba and with a pending extradition request from Venezuela is causing growing embarrassment to President George Bush administration.
President Néstor Kirchner and Federal Planning Minister Julio De Vido made the announcement flanked by most of the Cabinet, businessmen and trade union leaders in Government House yesterday.
Bolivia's Congress president Hormando Vaca Diez signed Tuesday a controversial hydrocarbons bill substantially increasing royalties and taxes on foreign oil and gas companies operating in the country, and which President Carlos Mesa originally threatened to veto.
The month long conflict which has paralyzed the Argentine Patagonia Chubut province fisheries industry has forced the destruction and dumping of 59 tonnes valued in 80,000 US dollars reports La Nación. Forty seven tons were stored in freezer depots belonging to a processing plant and another twelve in a vessel docked in the port of Rawson.
Mercosur and Canadian delegates began Tuesday in Asuncion, Paraguay a second round of negotiations with the purpose of reaching an understanding in goods, services and investments.
Spanish authorities currently tightening migration controls announced that airlines flying into Spain in the near future will have to report all passengers' names, announced Interior Minister Jose Antonio Alonso.
Saudi Arabia oil reserves are abundant and the Riyadh government is prepared to increase production in response to world demand said Saudi Energy and Mines minister Ali Al-Naimi in Washington.
United States called on China to reform its distorting exchange rate policies and warned that Beijing could be accused of currency manipulation.