Peruvian President Alan Garcia announced Saturday that he has appointed a leftist governor as Peru's prime minister, a day after the entire Cabinet resigned amid a brewing oil kickbacks scandal. Longtime politician Yehude Simon, 61, will replace outgoing Prime Minister Jorge del Castillo, Garcia said.
Argentine officials applauded the possibility that former president Nestor Kirchner run as a candidate to become a national deputy for the province of Buenos Aires in next year's mid term election but the opposition said it was an attempt to get him off the hook in several scandal cases.
Caroline McCain the eldest grand daughter of US Republican presidential candidate John McCain, currently studying journalism in Buenos Aires, admits she has fallen in love with the city and said she would vote for Barack Obama if his rival was George W Bush.
World financial leaders endorsed on Sunday an action plan announced by the seven leading advanced economies to combat the international financial crisis in what IMF Managing Director Dominique Strauss-Kahn called the first big success in coordination to halt the downward spiral in world markets and support the global financial system.
Brazilian President Lula da Silva said that emerging market nations like Brazil must have a strong say in developing strict international rules for financial institutions which will help control the anarchy hitting the world economy.
Two United States Treasury Secretaries James Baker and Lawrence Summers spoke out in favour of the need for the federal government to assume partial ownership of US banks during the Sunday morning television show This week.
Chile is in summer time with clocks having advanced sixty minutes during the weekend. This means that Chile's Dalylight Summer time is three hours behind Greenwish mean time.
Latin America's governments will have to watch carefully their financial systems liquidity and try to ensure gains in eliminating inflation, said on Friday Anoop Singh, the International Monetary Fund Director for the region.
Chile is interested in purchasing another batch of refurbished F 16 fighter bombers for the Air Force, according to diplomatic sources in Santiago which was partially confirmed by Defence officials.
United States presidential candidate Barak Obama on Friday welcomed a plan by Treasury Secretary Henry Paulson to buy equity in financial institutions if necessary to halt market turmoil.