
Two companies involved in electronics announced investments of 450 million Argentine Pesos (over 100 million dollars) in Tierra del Fuego for the production of electrical appliances.

President Barack Obama kicked off an effort to encourage US businesses to keep jobs at home instead of outsourcing them overseas, as he rolled out a new election-year theme aimed at courting middle-class voters.

Spain’s new Conservative Government announced this week a wide ranging plan against fiscal fraud and tax evasion by which it hopes to recoup over 8 billion Euros for treasury coffers in 2012 alone. And it has also announced it will be engaging countries which have ceased to be tax-havens in order to step up the Government’s efforts against tax evasion in Spain.

Chilean artist and storyteller Victor Arriagada died last week following a long struggle with leukaemia. He leaves behind a legacy of characters, stories and artwork which will continue to thrill readers for decades to come.

Argentine President Cristina Fernandez was discharged from hospital midday Saturday three days after surgery and following on the announcement that “medical tests have ruled out the presence of cancerous cells in her thyroid gland”.

Paraguay declared on Wednesday animal sanitary emergency in the district of San Pedro, 400 kilometres north of the capital Asuncion where this week an outbreak of foot and mouth disease was confirmed in a farm.

Brazil announced it will continue to receive different meats from the whole territory of landlocked Paraguay with the exception of the country of San Pedro were an outbreak of foot and mouth disease was confirmed this week, the second in four months

Uruguay consumer price inflation accelerated to 8.6% in 2011 from 6.93% the previous year, the government stats office, INE said on Tuesday.

Mercosur soybean production is expected to fall 2.9% after dry weather and heat damaged crops in Brazil and Paraguay and as conditions deteriorate in Argentina, Hamburg-based industry researcher Oil World said.

Uruguayan president Jose Mujica said he promotes good relations with the entire world but he is well aware of the significance of neighbouring Argentina for the Uruguayan economy and that “we must jump into the stirrup of Brazil”.