Mercosur weakest member, landlocked Paraguay will be appealing for funds from multilateral organizations to balance this year's budget, announced Finance minister Dionisio Borda.
Barack Obama will make history when he is sworn in as the 44th president of the United States - the first black American to hold the post.
In an unexpected move and only after six months in the job, Peru's Finance Minister Luis Valdivieso resigned Monday and later in the day was replaced by his predecessor Luis Carranza who is closely linked to the Andean country's praised economic performance.
When last December the British government put on hold plans to build an airport on the mid Atlantic island of St Helena, local councillors spoke of their bitter disappointment. But now a number of St. Helena residents say they want to stay cut off from the rest of the world, reports the BBC.
Uruguayan meat export revenue in the first half of January totalled 17 million US dollars, down 33% from the same period a year ago, according to the latest report from the country's Meat Board, INAC.
Brazil is estimated to have lost the equivalent of 27.8 billion US dollars in investments from domestic and international corporations as a direct consequence of the global recession, according to press reports from Sao Paulo.
The bloodbath in the British banking sector continued apace on Tuesday as Lloyds Banking Group joined Royal Bank of Scotland in suffering further devastating share losses.
Italian carmaker Fiat and US giant Chrysler have agreed to create a global strategic alliance, the companies said in a statement. Under the terms of the deal, Fiat will get a 35% stake in Chrysler. In return, the US firm will get access to Fiat's fuel-efficient vehicle technologies.It is hoped the agreement will lead to substantial savings for Chrysler.
United Kingdom deflation fears were heightened after official figures released on Tuesday showed the annual rate of inflation fell at its fastest pace in December since the recession of the early 1990s.
With President Barack Obama's administration a new chapter opens and a new relation with Latinamerica begins said on Tuesday US ambassador in Argentina Anthony Wayne during a conference in Buenos Aires.