Chile and Uruguay are scheduled of sign on Monday in Montevideo a strategic association agreement in the framework of Chilean President Michelle Bachelet's two day official visit. Ms Bachelet arrived in Montevideo late Sunday.
An overwhelming majority of Colombians, 77%, support a second reelection of President Alvaro Uribe following the rescue of fifteen hostages last Wednesday including former presidential candidate Ingrid Betancourt, according to a public opinion poll released by the top circulation magazine Semana.
Chilean President Michelle Bachelet is promising to nominate rescued Colombian hostage Ingrid Betancourt for the Nobel Peace Prize.
Mining giant BHP Billiton has reached a deal with China's largest steelmaker to almost double iron ore prices. Under the agreement, covering contracts for one year from 1 April 2008, BHP will increase its prices by up to 96.5% for deliveries to state-owned Baosteel.
Brazil's government managed oil and gas corporation Petrobras set a new monthly oil production record in Brazil in June: 1,867,000 barrels per day (bpd). This was 12,600 bpd higher than the previous record from last December with 1,855,000 bpd.
Veteran Cuban leader Fidel Castro celebrated the liberation of Ingrid Betancourt and fourteen other hostages and criticized the Colombian FARC guerrillas because he said kidnapping is under no way justifiable.
Brazilian stocks partly recovered (0.16%) on Friday after their worst week in nearly a year with the Sao Paulo Bovespa index falling 7.7%, -below the 60.000 benchmark-, in line with global markets and concerns about oil and inflation.
With considerable delay Argentina's Lower House began late Friday evening to debate the controversial sliding export taxes on grains and oilseeds which triggered a three months-plus stand off between the Kirchner administration and protesting farmers.
Chile's Llaima volcano, one of South America's most active, is spewing lava in southern Chile, the government said on Tuesday, ordering an evacuation just two months after the spectacular eruption of the Chaiten volcano further south.
Headlines: Bay begins her work; 'Government cannot subsidise BAS'; Close eye kept on MoD range; Scheme for school leavers; Wind farm set to grow.