Brazilian Executive special advisor on International Affairs, Marco Aurelio Garcia anticipated that at the coming summit in Lima, the Union of South American Nations, Unasur, would not lift the suspension on Paraguay which will hold until April’s election.
Fitch Ratings agency announced on Tuesday it has downgraded Argentina's long-term foreign currency Issuer Default Rating from B to CC, with a negative outlook, as it sees a probable default if the country misses its payment to holdout investors.
Venezuelan President Hugo Chavez said he is returning to Cuba on Tuesday to continue treatment for cancer, raising new questions about his health just weeks after he won re-election to another six-year term.