United States says it is ready to cut its trade-distorting farm subsides to 15 billion US dollars a year in a bid to reach a global trade deal that could help boost the world economy.
Wheat, corn and soybean prices eased at the start of the week on news of favorable crop weather in the US and Europe along with Argentina's decision to repeal the export tax hike.
Chile's government owned oil and gas company ENAP is planning to invest over 300 million US dollars in the next three years to develop natural gas deposits in Magallanes Region, in the extreme south of the country.
Colombian President Alvaro Uribe has scrapped his plan to rerun the 2006 election in which he won re-election, the government announced, a move that could set the stage for him to seek a third term in 2010.
The Paraguayan government confirmed the existence of oil deposits in an inhospitable area to the north of the country. However one long year must elapse before the deposits can be considered commercially exploitable.
Mercosur is an idea which involved a fantastic but frustrated will power according to former Spanish Socialist president Felipe Gonzalez. A previous common infrastructure commitment is more important for integration that having political groupings such as Mercosur.
THE 'Britishness' of the Falkland Islands is to be underlined in its new constitution, by a change that insists all individuals applying for Falklands status must first become a British citizen.
A US Senate subcommittee accused banks in Switzerland and Liechtenstein of helping wealthy US citizens commit massive tax evasion, and urged the establishment of tougher laws to combat offshore tax havens around the world.
The first two, of a total of four, SAAB 340B aircraft acquired by Argentine Air Force for passenger transport operations in Patagonia will arrive in Buenos Aires by the end of the year it was announced in Buenos Aires.
Colombia and Brazil agreed on a cooperation and defense pact aimed at controlling the one thousand mile lawless common border which is regularly used by drugs and arms dealers as well as the cocaine-funded FARC rebel group.