In the event of a successful takeover by BHP Billiton of Rio Tinto the new merged giant would consider selling a 1.5 billion potash project in Argentina which would facilitate developing Billiton oil and gas exploration off shore the Falkland Islands, according to reports in the Australian press.
Brazil's Foreign Affairs minister Celso Amorim said that South America would never accept separatism in Bolivia and underlined that any autonomy must be negotiated with La Paz, reports O'Globo.
Paraguayan president elect Fernando Lugo who takes office next August 15 will have to reach a working agreement in Congress since the coalition that supported him was unable to obtain a majority.
Hardliners have taken over the Argentine administration of President Mrs. Kirchner determined to a complete victory over the farmers in the current conflict, while pickets of hooligans have taken to the streets to intimidate businesses to moderate prices thus helping to combat the country's spiraling inflation.
A thin rain of ashes in suspension from the Chilean volcano Chaitén which became active last Friday and have blanketed vast areas of Chilean and Argentine Patagonia began reaching Buenos Aires City atmosphere on Thursday.
The European Central Bank kept on Thursday interest rates for the 15-nation Euro bloc steady at 4% amid increasing signs that economic growth is winding down. ECB signaled that it was not in a rush to cut rates, as it forecast inflation would stay high for a protracted period of time.
Headlines: Ship burns for days; Get behind the Big Salute; Volcanic ash over Islands; Man guilty of sex with child.
Foreign direct investment in Latinamerica reached 106 billion US dollars in 2007, overtaking the record 89 billion of 1999, according to the latest release from the United Nations Latin American Commission, CEPAL.
Bolivian President Evo Morales agreed to a nationwide recall referendum, gambling that Bolivians will re-elect him after just two years in office and confirm support for his plan of reforms which has been condemned by some of the country's richest provinces.
Almost 60% of Chilean women who had children during 2005 were single moms, the Chilean Institute of Statistics, INE reported this week. INE noted that most of the single mothers were between 20 and 24 years old.