Oil prices should have a floor of 50 US dollars per barrel and crude exporting countries will coordinate efforts to prevent it from breaking that threshold said Venezuelan president Hugo Chavez.
Chile launched Wednesday an ambitious four year plan to promote tourism with the target of having three million foreign tourists visit the country by 2010 and income generated topping the two billion US dollars mark.
Uruguay announced its intention to repay early all outstanding obligations to the International Monetary Fund (IMF), amounting to an estimated 1.080 billion US dollars. Finance minister Danilo Astori also announced the canceling the current Stand-By Arrangement which extended until 2008.
British naval forces have taken part this week in a fourth major drugs bust on the high seas within the past two months hauling 1.3 tons of cocaine.
Sixteen years after he was ousted by voters weary of war, rationing and a devastated economy, Sandinista leader Daniel Ortega looks set to have a new chance as president of Nicaragua.
Chile expects to receive three million foreign tourist by 2010 revealed the country's head of Tourism Promotion currently in London for the International Tourist Fair.
Forty domestic and international banks have offered to finance the expansion of the Panama Canal including the building of three new locks, an overall investment estimated in 5.2 billion US dollars reports this week the Panamanian press.
Scientists from New Zealand's National Institute of Water and Atmospheric Research Niwa believe they have traced the history of a flotilla of icebergs discovered drifting about 260km south of this insular country.
Former member of the Argentine military Junta and one of the masterminds behind the 1982 invasion of the Falkland Islands, Admiral Jorge Anaya has been detained for alleged crimes against humanity perpetrated at the notorious Mechanical School of the Navy.
The final count of votes in Ecuador's October 15 general election shows a discouraging no win situation for the political system. According to the Supreme Electoral Tribunal the winner in eleven of the country's 22 provinces was the blank ballot paper.