At least 113 people died, over 100 were injured and 1,410 were left homeless in a storm that devastated Brazil's state of Rio de Janeiro since Monday evening, authorities said Wednesday.
Automobile output in Brazil soared in March as manufacturers ramped up production to keep up with record sales fuelled by a strong economic rebound, the national automakers' association Anfavea said on Wednesday.
Ford Motor said it will spend 250 million US dollars on its operations in Argentina, where it will start production of a new vehicle for the Mercosur market. President and Chief Executive Alan Mulally announced the plan Wednesday during a meeting in Buenos Aires with Argentina President Cristina Fernandez.
German auto major Daimler-Benz and Franco-Japanese alliance Renault-Nissan on Wednesday announced a three-way tie-up, including equity swaps, for co-operation in development of small cars and light commercial vehicles.
An Argentina-China agreement to unlock the soybean oil conflict seems to move forward as a government official, who preferred to remain anonymous, told a news agency that China has agreed to allow all cargo ships on their way to China to unload soybean oil at Chinese ports.
A United States federal judge ruled in favour of seizing 105 million US dollars from the Argentine Central Bank deposits in New York in order to pay the debt the country holds with two investment funds.
United States Federal Reserve Chairman Ben Bernanke cautioned the US economy still faces significant headwinds, including a housing sector that has yet to recover convincingly and an ailing employment market.
British Foreign Secretary David Miliband announced last week the creation of a Marine Protected Area (MPA) in the British Indian Ocean Territory (BIOT). The move doubles the total officially protected area of the world's oceans.
Venezuela raised this week government-set price caps on milk and dairy products as much as 30% in an attempt to boost benefits for producers and head off shortages of basic goods.
The Chilean Antofagasta regional hospital diagnosed an 18-month old infant girl with cholera on Monday. Dr. Antonio Cárdenas, Chief of Paediatrics, told a local paper in Antofagasta that the infant had a virus called Vibrio Cholera.