Oil prices hovered on the record 100 US dollars a barrel even after Indonesia OPEC (Organization of Petroleum Exporting Countries) governor Maizar Rahman said the cartel has the capability to increase production by 500,000 barrels a day in the coming February meeting. However he warned that oil prices could climb even higher.
China's economy is forecasted to expand two digits for the sixth consecutive year in a context of inflation, which was record in a decade in 2007, reported this week the Shanghai Securities News, quoting a government think-tank.
Brazil will invest heavily in infrastructure this year which will help create jobs and boost the economy said President Luiz Inacio Lula da Silva during his weekly broadcast.
Paraguayan retired General Lino Cesar Oviedo, recently absolved of charges of uprising in 1996, will register as an official candidate for the coming presidential elections, announced the party that sponsors him the National Union of Ethical Citizens, Unace.
Jindal Steel & Power Ltd., an Indian steel and power producer, secured government approvals from Bolivia for its 2.1 billion US dollars Mutun iron ore and steel project, its largest investment overseas.
Santiago de Chile residents pay more for their light and water than the citizens of any other capital in South America, according to a recent survey conducted by the EL Mercurio newspaper.
A high-seas tug left Punta Arenas on Thursday to the rescue of the Chilean flagged fishing vessel Antarctic Bay which has gone adrift after the engine broke down, according to naval authorities in the extreme south of Chile.
Chile's Minister of Defence Jose Goñi together with the commanders of the three services and Carabineros called in Punta Arenas before flying to Antarctica on Thursday.
Toyota Motor Corp. overtook Ford Motor Co. to become the No. 2 automaker by U.S. sales in 2007, using new products and relentless strategy to break Ford's 75-year lock on the position. General Motors remained the US sales leader with 3.82 million vehicles.
On the 175 year of the illegal British occupation of the Islas Malvinas the Argentine government ratified its sovereignty claims over the Malvinas, South Georgia, South Sandwich and adjoining maritime spaces.