
Political pressure on organisers of the Seatrade South America convention held in Buenos Aires, Argentina, last week meant the Falkland Islands was ignored during discussions as a tourist destination in the region.

Barrick Gold is resuming operations Friday at its Pierina mine in Peru after violent clashes this week between police and nearby villagers left one person dead and four injured.

Both the United States and Cuba would benefit if Washington would lift its longstanding trade embargo against the island, but US President Barack Obama has toughened the sanctions since taking office in 2009, a top Cuban official said.

The mission from Unasur (Union of South American Nations) that will be acting as ‘accompanying observer’ in the coming presidential elections in Venezuela, 7 October, and the only organization allowed to fulfil that task, said that the Venezuelan electoral process is one of the “most trustworthy and reliable”.

Latin America shows a huge diversity regarding economic freedom with Chile (10) and Peru (24) among the top ranked 25 countries and another four, Bolivia, Ecuador, Argentina and Venezuela at the other end according to the latest report on Global Economic Freedom.

With less than three weeks for the “mother of all political battles” in Venezuela but that will have repercussions in the rest of the continent, the latest public opinion polls are indicating that opposition candidate Henrique Capriles is leading with 52% vote intention while Hugo Chavez has 48%.

Colombia could in few years be among the group of leading economies in the world with the highest growth rate based on positive indicators and a steady inflow of investments, according to experts from the Spanish bank during an economic forum.

Brazil's Dilma Roussef has approved the auctioning of new oil concessions next year, subject to congressional approval of a new royalties law, authorities said. The 11th auction outside the pre-salt next May would involve 74 oil blocks, half at sea and half on land.

Brazilian finance minister Guido Mantega said that resolving Europe’s economic problems are likely to drag out over coming years due to a complex and slow process of decision-making in the region and recommended emerging economies to promote domestic consumption and trade among them.

Spain has not invited Paraguay to the Ibero-American summit in Cadiz scheduled for next November confirmed Paraguayan Foreign minister Jose Felix Fernandez Estigarribia, who also admitted that the number of countries ‘disgusted’ with the new administration of President Federico Franco has diminished considerably.