
Chilean president Michelle Bachelet officially opened Tuesday in Valparaiso the 2008 edition of the Exponaval fair, South America's most important naval industries event with the participation of 32 foreign delegations and 130 companies and organizations linked to maritime activities.

Republican Saxby Chambliss has won a run-off election in Georgia, denying Democrats the chance for a 60-seat supermajority in the US senate that would have enabled them to pass legislation virtually at will.Chambliss, the 65-year-old incumbent, defeated Democrat Jim Martin for the seat.

The first comprehensive inventory of the sea and land animals living in a polar region has been carried out by British and German scientists. A team from the British Antarctic Survey (BAS) and Hamburg University found that Antarctica's South Orkney Islands were surprisingly rich in life. More than 1,200 species were counted, including five new to science.

President-Elect Barack Obama will on Monday formally nominate his former rival Hillary Clinton as Secretary of State when he unveils his heavyweight national security team that has been welcomed by Republicans and military officers for its conservativeness and experience.

SPANISH citizen Rogelio Curras Pastoriza has been charged with an offence in relation to the loss of drugs from the police cell at Stanley Police Station in the Falkland Islands.

As was anticipated Mercosur senior members Argentina and Brazil proposed Friday an increase of the common external tariff, (AEC) for certain products, and as was expected junior members Uruguay and Paraguay rejected the idea.
Although Chile is considered the market with the most favourable environment for business, only two out of ten Spanish corporations consider it a priority and focus their efforts in Brazil, Mexico and Argentina.

Mercosur member Argentina is again expected to propose an increase in the common external tariff (AEC) for textiles, leather goods, wood and furniture plus other manufactured produce with the purpose of protecting domestic production.

The US government will guarantee $306bn of Citigroup's problem mortgages and other assets, and will also give the banking giant a $20bn cash injection after a collapse in its share price.

NORTH Falkland Basin oil and gas exploration company Rockhopper Exploration have announced prospects of over four billion barrels of oil and gas.