
Real estate values in the capital of Argentina, Buenos Aires this year figure below those of Brazil's main city Sao Paulo but above prices in Santiago de Chile and Montevideo, Uruguay according to a report from consultants Reporte Inmobiliario.

Some of the British tourists rescued from the Antarctic cruise ship which sank after hitting an iceberg were airlifted from a remote island in the Southern Ocean last night.

The Brazilian Lower House Constitution and Justice Committee passed on Wednesday a motion for the long awaited incorporation of Venezuela to the South American trade block, Mercosur. However Venezuelan membership still faces a full debate in the House and must convince the Brazilian Senate.

The Mercosur parliament adopted this week a resolution recognizing and condemning the Armenian Genocide, reported the Armenian National Committee of South America. The issue is particularly sensitive for the Armenian people and Turkey, the alleged perpetrator

Headlines:
New Year by-election; Forces reach £25,000 goal for Combat Stress; Man jailed for assaulting child.

The United Kingdom and Argentina announced this week in Jordan the completion of a joint feasibility study on the clearance of landmines in the Falkland Islands.

Brazil's Petrobras and Argentina' energy company, Enarsa will cooperate in offshore hydrocarbons exploration in the South Atlantic was announced Monday in Brasilia following the meeting in Brasilia of President Lula da Silva with visiting elected president Cristina Kirchner.

Desire Petroleum plc announced that Wavefield InSeis ASA will return to the North Falkland Basin later this month to complete the site survey programme started earlier this year.

Headlines:
'Depart with a lighter heart'; Tourists hosted in Stanley homes; Civil servants' resignations highlight recruitment troubles; Governor congratulates new citizens.
The presidents of Chile, Bolivia and Brazil want to step up plans to build a highway from the Pacific to the Atlantic oceans that would boost trade, Chilean Foreign Minister Alejandro Foxley said in Santiago