Uruguay and Argentina continued on Friday working to reach an agreement for the joint monitoring of the Uruguay River, with the goal of overcoming the long-standing conflict over the Botnia/UPM pulp mill.
Colombia insisted Friday that no reply has been given yet to “the heart of the matter” in the diplomatic row with Venezuela and those are the claims of ‘tolerated’ Colombian guerrilla presence in Venezuelan territory. Bogotá also recalled that all mediations and dialogue proposals so far have been “unfruitful”.
Former Argentine president and Union of South American Nations, Unasur chairman Nestor Kirchner will hold talks during early August with the presidents of Venezuela and Colombia in an attempt to mediate an understanding between the two countries, according to reports from the Argentine government news agency Telam.
An ‘ultra K’ as the most dedicated supporters of Argentina’s ruling couple Kirchner are identified, will most probably be the next ambassador in Montevideo, according to press reports on both sides of the River Plate.
Chile hired JPMorgan Chase & Co, Citigroup Inc. and HSBC Holdings Plc to arrange the country’s first international bond sale in six years, Finance Minister Felipe Larrain announced Friday. Proceeds from the 10-year bonds will help finance rebuilding efforts after the February earthquake.
Seven of the 91 European banks that underwent stress tests have failed the health-checks, the Committee of European Banking Supervisors (CEBS) has said. They include five Spanish banks - Diada, Espiga, Banca Civica, Unnim and Cajasur. The other two were Germany's Hypo Real Estate and Greece's ATEbank.