
The US dollar in Argentina’s parallel or ‘blue market’ finished on Friday the month of May down 6.4% from the 9.40 Pesos at the end of April, including a slight drop in the last day of trading, that took it to 8.75 Pesos and 8.80 Pesos, buying and selling price.

Buenos Aires City Mayor Mauricio Macri launched on Friday a price index to be “permanently audited by the civil society” in Argentina’s capital, in a move that steps up the pressure on the inflation controversy surrounding President Cristina Fernandez administration.

Argentine President Cristina Fernández administration agreed with oil-producing provinces and unions from the sector to strictly control the levels of exploration, production, the amount of equipment in use and the total number of jobs in each of the oil fields across the country, with the goal of reaching hydrocarbon self-sufficiency within four years.

Chile’s Araucania Prosecutor this week filed charged against Celestino Córdova Tránsito, an indigenous Mapuche who stands accused of arson leading to the death of an elderly couple of landowners last year. Francisco Ljubetic is also charging Córdova Tránsito with terrorist acts. Córdova Tránsito (26) is currently jailed pending trial.

The Argentine government has made public the list of the 500 products with ‘frozen prices’, until next October when mid term elections are scheduled. Consumers can check the information online at the website of the state news agency Télam and with the sites of several of the main supermarkets of the country.

The Organization of American States (OAS), Secretary General José Miguel Insulza, highlighted the important progress made in the region’s democratization in recent decades, but also warned about worrying risks of deconstruction which are creating ‘distinct categories of citizens’ particularly in terms of access and quality to basic services such as education, health and security.

Colombia's President Juan Manuel Santos on Friday dismissed as preposterous Venezuelan charges that his government is backing a conspiracy to destabilize the leftist-ruled neighbor.

Paraguayan Foreign minister Jose Fernandez Estigarribia said on Monday that so far Asuncion has not received any invitation from Mercosur to attend the coming summit at the end of June, and there haven’t been any talks about the issue. Last week the Argentine ambassador in Uruguay Dante Dovena had anticipated that Paraguay would be attending the Mercosur summit.

Mercosur must negotiate any possible incorporation to the Alliance of the Pacific “as a block” since it is important that its member countries remain ‘united’ and respect the current charter, said the Mercosur High Representative, Ambassador Ivan Ramalho from Brazil.

The Argentine ambassador to Uruguay, Dante Dovena, assured that authorities are “working intensely” in preparations for the next Mercosur summit scheduled to take place on June 28th in Montevideo. However news form Paraguay doesn’t indicate the same optimism and are demanding respect for ‘the country’s dignity and rule of the law”.