Brazil is revving up for an economic takeoff that could rival China and India according to Martin Weiss author of the New York investment newsletter Money and Markets who praised president Lula da Silva for having built the foundation for the launching pad.
A study by MasterCard published this week ranked Santiago de Chile as the best place in Latin America for doing business.
United States wholesale prices soared 0.9% in May pushed mainly by a 10.2% rise in fuel prices adding to concerns over continuing inflation risks and fears over further interest rate rises.
A recent study by the Mercer Human Resource Consulting (MHRC) group found that the average executive salary in Chile is 14 times greater than the average worker paycheck.
Argentina's decision to favour industrialization, which was made public during global trade negotiations in Geneva, has caused concern among the country's powerful farm sector which has been the engine behind Argentina's strong recovery since the 2001/02 melting of the economy and default.
Technical teams from Argentina, Brazil, Paraguay, Bolivia, Venezuela and Ecuador agreed this week in Buenos Aires on the terms for the establishment and Foundation Act of the South Bank, reported Argentina's Ministry of Economy.
The teams held two full days of meetings Monday and Tuesday, with Chile acting as an observer.
The United States government refused on Wednesday to name China as a manipulator of currency values to gain unfair trade advantages and rejected a request by Congress members to file a trade case against Beijing on the currency issue.
United Kingdom's rate of inflation slowed in May to 2.5%, the weakest level in seven months, according to figures from the Statistics Office. Inflation in April was 2.8%.
Developing countries are vowing to stand their ground on key principles in deadlocked world trade talks, Brazilian Foreign Minister Celso Amorim said after meeting counterparts in Geneva.
From Tuesday, with the arrival in the Falkland Islands of the Earl of Wessex and other VIP guests of the local government, a full programme of events will begin to commemorate the liberation of the Islands from Argentine occupation twenty-five years ago.