Amid protests from farmers' organizations, Argentina increased taxes on exports of soybeans, corn and wheat an average of five percentage points to boost government revenue from surging crop prices and limit domestic food inflation.
Members of the United States Congress accused Yahoo of lying about its co-operation with the Chinese Government in an incident that led to a dissident's imprisonment, according to The Washington Post.
Chilean officials confirmed this week in Santiago the attendance of Hugo Chavez, Evo Morales, and Daniel Ortega at this week's Summit of Friendship and Integration of Latin American Peoples, also known as the People's Summit.
Mercosur will request this week before the World Trade Organization, WTO, a 16% expansion in the number of sensitive industrial goods to be excluded from the consolidated tariff expected to be agreed during the Doha Round negotiations, which to all practical effects will mean an overall drop in external tariffs for out of the region imports.
Uruguay's main international sea resort Punta del Este inaugurated on Tuesday the 2007/08 cruise season with the arrival of Grand Voyager and 900 tourists. Local operators and officials are encouraged by what they consider promises to be an exceptional cruise season.
Interpol rejected Wednesday a request by the government of Iran to drop arrest warrants against six leading Iranians, wanted by Argentina for their alleged role in a 1994 bombing that killed 85 people and left hundreds injured.
Uruguayan president Tabare Vazquez said that the Botnia pulp mill will be authorized to begin production next week, no matter what happens in the coming Ibero-American summit in Chile. The Finnish built plant is at the heart of an acrimonious dispute between Uruguay and Argentina.
Boeing said Monday it had struck a multibillion-dollar deal with Chile's LAN Airlines that includes 32 787 Dreamliners, the largest order for its new plane in Latin America. The order includes 26 of the fuel-efficient Dreamliners and six more leased from International Lease Finance Corp.
China's oil corporation PetroChina became on Monday the world's biggest firm by market value on its first day of trading in Shanghai. She displaced US corporation Exxon Mobil.
The Roman Catholic bishop Fernando Lugo who is running for Paraguay's presidency and leading in the opinion polls, has polarized the Church with some backing him as a force for change and others saying he violated age-old doctrine.