In five years Brazil could climb from seventh to first position as the world's main milk producer, according to Marcus Ellias head of the trust controlling the former Italian dairy giant Parmalat Brazilian branch.
Mercosur and associate members expressed on Friday their strong rejection to the discriminatory set of restrictions agreed by the European Union and confirmed by the EU Parliament regarding immigrants in irregular situation

Falklands government representatives have strongly challenged traditional Argentine arguments used to support their claim to the Falkland Islands.
The US dollar in the Chilean money market fell back to 480 pesos on Thursday after having reached 490 on Wednesday following on several days of gradual recovery.
Chile's Consumer Price Index soared 1.2% in May, far above forecasts (0.6%), and the highest since May 1994 (1.4%) and also the most significant monthly variation since March 2003, according to the country's Statistics Office.

Barack Obama rocked a Minnesota crowd Tuesday night, making presidential campaign history.
Brazilian president Lula da Silva during his official visit to El Salvador invited Central American nations which are grouped in the integration system, SICA, to join Mercosur and strongly promoted the use of ethanol.
Although Chilean president Michelle Bachelet and the ruling coalition are facing growing challenges for Spain's public opinion she' the most popular leader that side of the Atlantic according to the latest Latinbarometro 2007 report.
The city of Punta Arenas in the extreme south of Chile honored the memory of a Royal Navy Rear Admiral who was head of a British hydrographic expedition the first directly involved in the charting of waters in the Region of Magallanes between 1826 and 1830.

Argentina will be hosting the XXXV Mercosur summit at the end of June when the six months rotating chair or pro-tempore presidency will be passed on to Brazil.