
Economy and Finance ministers from all South American countries, except for Peru and Colombia, are meeting Monday in Brazil to discuss final details of a regional development financial institution sponsored by Venezuela's President Hugo Chavez.

Chile's Navy icebreaker Almirante Viel which is scheduled to be arriving at the end of the month, will be permanently stationed in Punta Arenas, reported this week Chilean naval authorities.

Headlines:
New comms deal for Camp; Drilling agreement: 'biggest oil event in 10 years'; Royal Marines on Islands exercise; Men back in court today

President Michelle Bachelet called for calm and said no one is above the law in Chile following the indictment on Thursday on corruption charges of 23 people related to former dictator General Augusto Pinochet including his widow and five children.

An invasion of predatory Humboldt squid into northern Pacific waters is decimating hake catches in the Pacific Ocean, including along Chile's coast. This is the conclusion of an extensive study carried out over 19 years by the Monterey Bay Aquarium Research Institute (MBARI).

Weather conditions are improving in Mercosur main farm areas helping advance optimistic prospects for the 2007/08 harvests. In Argentina the wheat crop is predicted to reach 14 million tons while corn and sunflower planted areas are expected to increase significantly.

Tourism is booming on Isla de Pascua (Easter Island). With the height of the summer tourist season still three months away, flights and hotel rooms in The World's Navel are already becoming a scarce commodity.
Magallanes Region in the extreme south of Chile again recorded the lowest unemployment rate in the country during the June-August quarter, according to the latest release from the country's Statistics Office.
The Brazilian Executive is hopeful and confident Venezuela will finally become a full member of Mercosur because it's a decision that favors Brazil, South American integration and Venezuela.

Headlines:
New Cathedral minister licensed to preach; Racecourse secured for next 15 years; Ferry's arrival may be delayed; South Georgia fishing talks; Men remanded in police custody; Agreement on Camp telephones is 'close'; Peat Cutting weekend.