Argentine President Cristina Fernandez de Kirchner defended on Monday her decision to impose a controversial sliding tax system on agricultural exports and said farmers opposing her government policies are undermining the country's fight against poverty.
Thousands of protestors in downtown Seoul continued an overnight street march into early Wednesday morning, calling for the renegotiation of a United States beef import agreement despite an offer by the entire South Korean Cabinet to resign, reported the local Yonhap news agency
Argentina's consumer price index in May was 0.6% according to the country's Statistics and Census Institute (Indec) which has began applying a new methodology. This means that in the fives months of 2008 inflation was 4% and 9.1% in the last twelve months.
The US cruise ship Disney Magic paid a record 331,200 US dollars to cross the Panama Canal. The 295-meter-long cruise owned by a subsidiary of Walt Disney Co, broke the transit record on May 16, the Panama Canal Authority said.
The United States presidential campaign will also be fought in Latinamerica. Democrat candidate Barak Obama has named a US attorney married to a Brazilian to convince the 30.000 US citizens living in Brazil, while a businessman, resident in Sao Paulo will represent the Republican Party and candidate John McCain.
Brazil's Gross Domestic Product, GDP, expanded 5.8% in the first quarter compared to the same period a year ago, and 0.7% over the previous quarter, according to the latest release from the Brazilian Statistics and Geography Institute, IBGE.