
Mercosur presidential summit which begins Tuesday does not have much to show besides an unfinished agenda, pending proposals and a list of issues that if openly debated can prove explosive for an already anemic trade group.

Bolivian President Evo Morales has formally received a new draft constitution, ahead of two referendums due on its reform measures.

Mercosur and Israel will subscribe a free trade agreement, parallel to the group's two day presidential summit scheduled for next week in Montevideo, Uruguay, when Argentina will be taking the six months chair.

Predictably prospective Falkland Islands councillors condemned the Argentine claim to the Islands in electioneering speeches Wednesday evening.

Víctor Filichkin, head of Russian energy company Intermash, visited Chile last week to promote a potential nuclear solution to Chile's energy needs. Filichkin's visit coincides with the arrival of the new U.S. ambassador to Chile – touted as a nuclear energy expert – and the recent visit by Mohamed El Baradei, head of the International Atomic Energy Agency (IAEA).

More than two weeks after the ship M/S Explorer sank in Bransfield Strait off the coast of Antarctica, experts are questioning the official explanation of why the vessel sank.

Marking the twenty-fifth anniversary of the opening for signature of the United Nations Convention on the Law of the Sea, the Deputy Secretary-General called on States to work together to protect the marine environment which is under increasing pressure from human activities.
Leaders of several South American nations have signed a founding document to create a new body, the Banco del Sur, as an alternative to multilateral credit organizations such as the International Monetary Fund and World Bank.

Uruguayan president Tabare Vazquez was absent on Sunday from the signing ceremony of the Bank of the South and from the dinner hosted by the presidential Kirchner couple in Buenos Aires to visiting leaders

A special Bolivian constituent assembly approved this weekend a new draft constitution, despite a boycott by the main opposition party. Bolivians will now have a chance to vote on the changes in a national referendum next year.