Canada's Methanex Corporation the world's largest producer of methanol announced it agreed to finance Chilean natural gas explorations by GeoPark holdings in exchange for a share of the gas it finds in the Magallanes basin.
Brazil will propose the creation of a South American Defence Board which would enable the region to think in the common future, of a very rich region that must be well defended, said Brazilian Foreign Secretary Celso Amorim.
Venezuelan voters narrowly rejected a constitutional referendum that would have bolstered President Hugo Chavez's embrace of socialism and granted an indefinite extension of his eligibility to serve as president, the National Electoral Council reported early Monday.
Cuban leader Fidel Castro who is recovering from a long illness was nominated Sunday for a seat in the National Assembly opening the way for him to resume governing.
Oil prices rebounded Monday as speculation grew that OPEC may decide to leave output unchanged at a meeting this week in Abu Dhabi. New York's light sweet crude for January delivery, closed at 89.31 dollars per barrel and in London Brent North Sea crude jumped 1.54 dollars to settle at 89.80 dollars.
Uruguay is disenchanted with Mercosur because national interests and market segmentations prevail over the original idea and the block has not functioned as it was supposed to admitted Carlos Amorin, head of Uruguay's Foreign Office Integration and Mercosur Desk.
Mining group Rio Tinto said the takeover approach of about 130 billion US dollars from BHP Billiton is a couple of ballparks away from its true value.
United States mortgage lenders and regulators are close to finalizing an aid plan for homeowners hit by the credit crunch, US Treasury Secretary Henry Paulson said on Monday during a housing conference in Washington.