President Evo Morales backed off his plan to nationalize Bolivia's mining industry, saying his government can't afford it for now but he still wants to eventually recover control of the nation's mineral wealth.
The 16th edition of the summit for the heads of state and governments of Ibero-America is set to begin this week in Uruguay with an agenda in which the issue of migration, poverty and development will establish the model for dialogue and cooperation.
To ensure sustained development Argentina needs sound political institutions, reliable rules of the game to promote investment and energy, are the conclusions of a report from one of the country's leading business organizations.
With blocked bridges there's no dialogue, said Uruguayan president Tabare Vazquez when asked if a bilateral meeting with President Nestor Kirchner was scheduled next Friday in the framework of the Ibero-american summit in Montevideo.
Oil prices fell by more than US$2 a barrel yesterday and heating oil futures plunged to a 15-month low as traders looked ahead to mild weather in the US and supply data due out later this week that is expected to show rising inventories of crude.
Creditors tendered US$1.17 billion of eligible bonds in Uruguay's debt swap, in line with government expectations, in the country's bid to scrap lightly traded bonds and extend debt maturities.
Re-elected Brazilian president Luiz Inacio Lula da Silva announced his second term will be dominated by political dialogue, government reforms and economic growth to ensure the battle against poverty continues and Brazil definitively abandons the emerging countries group.
Uruguayan authorities described on Monday Argentine pickets' decisions to block traffic on a bridge leading to Uruguay next weekend during the Ibero-American summit as irrational.
President Nestor Kirchner received a bashing and Argentina's cyclical faith in democracy and republican institutions an impressive boost from one of the most under developed and forgotten provinces of the country.
Carlisle United will make history this week when a team of five coaches become the first delegation from a professional football team to visit the Falkland Islands.