
Brazil’s main financial newspaper Valor Economico revealed that the recent summit between Presidents Cristina Fernandez and Dilma Rousseff from Argentina and Brazil was far from polite and enlightening, rather the contrary with “strong disagreements in the fields of trade and investment” shaking the foundations of Mercosur.

The business representative of the Iranian embassy in Buenos Aires Alí Pakdaman announced on Monday that President Mahmoud Ahmadinejad endorsed without Congress approval the Memorandum of Understanding signed by Argentina and Tehran in order to investigate the AMIA Jewish centre bombing which killed 85 people in 1994.

Argentina questioned the UK after its negative vote at the United Nations General Assembly to place French Polynesia back on the UN list of non autonomous territories that should be decolonised Additionally Argentina renewed its claim over the Falkland Islands sovereignty and described the UK attitude, ‘colonial hypocrisy’.

Lan Chile admitted the company had to yield to the demands from the Argentine company Intercargo, which monopolizes ground services in all the country’s air terminals, so that they could resume normal traffic in Argentina. It also said that it was not leaving Argentine but would review future investments and expects more common sense from local authorities.

Chilean company Lan Airlines said on Saturday it was “gradually resuming” domestic and international flights in Argentina that it had suspended on Friday due to a conflict with state-run Intercargo company. Intercargo said it had re-established the service to Lan after the airline agreed to cancel a debt.

The UN General Assembly on Friday put French Polynesia on the global body's decolonization list at a meeting boycotted by France. The resolution, passed by consensus in the 193 member assembly, was called for by the Solomon Islands and other Pacific states that back the Pacific territory's pro-independence parties.

FIFA secretary general Jerome Valcke has guaranteed Sao Paulo's World Cup football stadium will be ready on time, one day after claiming the venue could be taken off the tournament schedule due to construction delays.

Argentina's economic activity expanded 2.6% in March from a year earlier and 0.7% over February, the national statistics institute Indec said on Friday. Accumulated growth in the 12 months through March was 1.3%, down from 1.9% in full-year 2012.

Argentina’s Antarctica campaigns are losing their flair and the country is having difficulties to fill vacancies for the 2013/14 season. This follows repeated claims of alleged corruption and delays in supplying the bases and stations plus an overall lack of support from the Defence ministry.

In the last business day of the week in Buenos Aires, the parallel market or ‘blue’ dollar rose to 8.95 Pesos (selling price) after its declining tendency during the week, while the official rate ended steady at exchange houses at 5.245 Pesos (selling price). The gap between the two markets stands at over 70%.