Venezuela will replace Chile as the country with the region's highest GDP per capita and Argentina as the region's third-largest economy, according to a Latin Business Chronicle analysis of data from the International Monetary Fund (IMF).
Brazilian meat processor Marfrig said on Monday it will pay 680 million US dollars for assets in Brazil and Europe owned by US based OSI Group, the largest meat provider for McDonald's fast-food chains.
President Nicanor Duarte resigned Monday two months before his term ends, but opposition parties say they will fight the move by Duarte to claim a crucial seat in Paraguay's Senate.
Brazilian president Lula da Silva said on Monday that inflation in the country was under control, in spite of soaring world food prices and promised measures to further promote the production of grains, meats and milk.
Hundreds of government officials, scientists and NGO representatives from around the globe will converge at Santiago de Chile's Sheraton Hotel next week for the 60th Annual Meeting of the International Whaling Commission (IWC60).
Brazil will be announcing this week the annual investment plan in support for agriculture and livestock which is estimated to increase 12% totaling in the region of 40 billion US dollars, said Agriculture Minister Reinhold Stephanes.
Uruguay approved the environmental impact report presented by the Spanish pulp manufacturer ENCE which is planning to build a huge 1.5 billion US dollars plant in Colonia to the west of the country, next to the coast of the River Plate.
The indigenous peoples of South America from the Andes highlands to the extreme south of Chile celebrated early Saturday the arrival of the winter solstice which signals the beginning of a new year.
European Union leaders have admitted that the Czech Republic may not be able to ratify the Lisbon Treaty, which has already been rejected by the Irish. The declaration from their summit in Brussels notes that the Czech process is on hold due to legal difficulties.
The influential Spanish daily El País in one of its main editorials recently criticized the decisions, speeches and ruling attitude of Argentine president Cristina Fernandez de Kirchner arguing they are eroding Argentina's economic credibility and the image of the Kirchner couple government.