Chilean President Sebastian Piñera rejected a plea by the Roman Catholic Church that he pardon members of the armed forces over human rights abuses committed during military rule. Piñera said the proposal had caused division in Chile and reopened old wounds.
Russia plans the largest sell-off of state assets since the early 1990s as it seeks to raise over 29 billion US dollars to plug budget gaps over the next three years, finance ministry sources told reporters. The plan to sell minority stakes in 10 major companies in 2011-2013 had been discussed and approved at a preliminary meeting chaired by Prime Minister Vladimir Putin.
The British economy grew by a faster-than-expected 1.1% in the second quarter of the year, according to official data. The figure - a preliminary estimate from the Office for National Statistics (ONS) - was almost double the 0.6% growth rate expected by economists.
With only two and a half months left for October 3 presidential election the ruling party candidate, Dilma Rousseff and Jose Serra from the opposition remain in a technical tie according to an opinion poll released over the weekend. The Datafolha poll showed Rousseff with 36% of voter intention against 37% for former Sao Paulo state Governor Serra.
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.