
Venezuela will postpone Thursday's presidential inauguration due to President Hugo Chávez' continuing health problems, the government announced on Tuesday. Chavez who has dominated Venezuelan politics almost undisputedly since 1999 has not been heard from or seen in public since his Dec. 11 cancer surgery in Cuba.

The United States is concerned for the health of President Hugo Chavez and wishing a speedy recovery, but the succession situation in Venezuela “is an issue for Venezuelans to decide” and it should be done in a manner “that includes all the voices in the discussion”, said State Department spokesperson Victoria Nuland on Tuesday.

The Venezuelan government is organizing a massive turnout for Thursday January 10 in support of re-re-elected president Hugo Chavez with the attendance of several Latinamerican leaders in what has been described as a “virtual taking office” ceremony.

Government expenditure in Chile expanded an estimated 5% last year while the economy grew 5.5%, making it the second consecutive year in which the economy outperforms outlays.

The Argentine government confirmed on Monday that President Cristina Fernandez would be flying on Thursday to Cuba to visit her Venezuelan peer Hugo Chavez, fighting for his life after a fourth cancer surgery with complications, and on the day which he should be taking office after October’s re-re-election.

Venezuela’s Catholic Church issued a veiled warning to the government on Monday against overriding the constitution by delaying cancer-stricken Hugo Chavez's inauguration for a new term as president.

President Sebastián Piñera is considering declaring the state of emergency in the Araucanía region, in southern Chile, where six arson attacks which cost the lives of two people took place since Friday, Interior Minister Andrés Chadwick said.

Consumer prices in Uruguay ended the year at 7.48% after recording the lowest December percentage in forty years: a negative 0.73%. However analysts and consultants anticipate that inflation in the first quarter of 2013 will remain above an annualized 8%.

North-east Brazil is suffering its worst drought in decades, threatening hydro-power supplies in an area prone to blackouts and potentially slowing economic growth in one of the country's emerging agricultural frontiers.

Venezuelan President Hugo Chávez' formal swearing-in for a new six-year term scheduled for January 10 can be postponed if he is unable to attend due to his struggle to recover from cancer surgery, his vice-president said on Friday.