Brazil's government presented a plan on Wednesday for dividing up oil royalties among states, a crucial step in advancing its effort to tap deepwater reserves it hopes will turn the country into a major crude exporter.
‘Official’ inflation in Argentina hit 0.8% in August and accumulated 6.4% in the first eight months of the year and 9.8% in the last twelve months, according to the Indec statistics and census bureau.
The Brazilian economy expanded at its fastest pace in six months in July, even as the central bank bets on slower growth to curb the fastest inflation in six years.
Plans are being drawn up for celebrations to mark next year's 30th anniversary of the Falklands conflict, reports Wednesday the Evening Standard. The UK Ministry of Defence, Foreign Office and Falkland Islands government are working on how best to commemorate the 1982 conflict with Argentina.
Argentine president Cristina Fernandez de Kirchner is heading for a landslide victory in the coming October elections according to public opinion polls released this week. CFK would collect 51.9% of the votes, forty percentage points ahead of the runner up, according to Management & Fit.
US President Barack Obama has been dealt a double setback after Republican wins in two seats, including one billed as a referendum on his economic policies. In New York, Republican Bob Turner won a key election to succeed Democratic Congressman Anthony Weiner, who quit in June over a sex texting scandal.
Argentine President Cristina Fernández de Kirchner held on Wednesday a 45 summit meeting with her counterpart Nicolas Sarkozy on the third and last day of her official visit to France.
British oil group Rockhopper Exploration has unveiled plans for a 2 billion dollars investment in the Falkland Islands, a move which will transform the remote territory into a new oil province.
The Organization for Economic Co-operation and Development (OECD) names Chile the most socio-economically segregated country regarding education opportunities. The annual report released this week shows that private schools receive the most funding from the government and these schools have the least socioeconomic integration.
Chilean health authorities have reported the existence of several cases of typhoid fever in western metropolitan Santiago and called on the population to adopt strict hygiene measures.