
Paraguayan President Fernando Lugo returns home this week after a two-week” tour of Asia where he went in search of new markets for Paraguay’s two largest exports, beef and soy.

Uruguay looks forward to increase trade with China in value and diversification as Beijing commands a bigger economic and cooperation role in South America, Uruguayan Foreign Minister Luis Almagro said in an interview with China Daily.

The United States and Spain discussed the possibility that direct loans from Europe's emergency fund could be a solution for ailing European banks, Spanish Deputy Prime Minister Soraya Saenz de Santamaria said Thursday.

Italy is hugely exposed to the risk of contagion from the debt turmoil in the euro zone, said Prime Minister Mario Monti, suggesting the European Central Bank take action to help cool borrowing costs.

Spain energy Group Repsol regained rights on a 6% warranty-stake in the Argentine oil and gas giant YPF after the Petersen Group, which used to own 25.46% of the company, lost it as the result of not having met payments for the loan through which they initially enter the business without paying a single cent.

An Indian school boy from Calcutta and currently in Germany, Shouryya Ray, has shocked everyone by solving a 350-year-old mathematical problem which was set by one of the greatest scientists and mathematicians, Sir Isaac Newton.

Self-determination is the only solution that will lead to a permanent, peaceful solution to the Falklands’ sovereignty dispute with Argentina said Falkland Islands lawmaker Roger Edwards addressing a regional seminar of the UN Decolonization Committee in Ecuador.

OAS Secretary General Jose Miguel Insulza said he expects a consensus is reached on the Falklands/Malvinas issue next week when the Organization of American States general assembly, following the lack of agreement at the last Summit of the Americas in Colombia.

President Cristina Fernandez will be attending next June 14 the UN Decolonization meeting in New York where she is expected to make a strong case for Argentina’s claim over the disputed Falklands/Malvinas Islands.

Extreme policies to tackle the crisis in the Euro zone could produce extreme reactions, the outgoing Director-General of the International Labour Organization (ILO), Juan Somavia, told the delegates to the 101st International Labour Conference (ilo.org/ilc) that opened in Geneva on Wednesday 30 May.