Brazil's Lula da Silva and Argentina's Nestor Kirchner called on their Venezuelan counterpart Hugo Chavez to avoid decisions that could debilitate democratic institutions in Venezuela reported the Brazilian press this Sunday.

Headlines: Governor opens new west road; Sir Rex in June VIP party; Visitors galore; Hudson eruption fears; Mini Sports this weekend; FIDC's new chief arrives.

Chilean banks were among the most profitable in the world in 2006, with profits of 18.56 percent in 2006, according to recent figures developed by Chile's Bank and Financial Institution Supervisory Board (SBIF).

Despite promises last year that gas prices would remain stable in coming months, gas supply company Energas announced Tuesday that prices are to increase by an average of 2.7 percent.
South American leaders sought to refocus their fractured trade bloc last Thursday on the needs of the region's poor as Venezuela's outspoken president called for remaking Mercosur to fit his vision of 21st century socialism.

Paraguay, the new temporary president of the Mercosur trade bloc, yesterday urged Argentina and Uruguay to solve their dispute about a pulp mill that has taken them to the World Court, on the last day of a two-day Mercosur summit in Rio de Janeiro marked by harsh squabbles between Venezuela and Bolivia on one hand and Colombia and Brazil on the other.
Headlines:
Royal remembrance; CE: no truth to 'ferry fall out' story; Blank firing on for Ex. Cape Petrel; Cheryl is new CFL head; Relocated reindeer 'doing well'; Thousands visit this week; Telecoms man to look at pricing.

Mercosur Council approved Thursday in Brazil several pilot projects in Uruguay and Paraguay to compensate asymmetries inside the group which have created rifts among country members.

A few hours before the Mercosur summit in Brazil, Uruguayan president Tabare Vazquez discarded Wednesday a meeting with his Argentine counterpart Nestor Kirchner to discuss the pulp mills dispute and insisted on the lifting of bridge blockades before any negotiation can begin.
China is willing to invest billons of US dollars in Latinamerica to ensure the supply of natural resources but the region's leaders are wrong if they believe that ideological similarities guarantee a long cooperation since the interest of Beijing is opportunity, according to the Hong Kong based China Economic Review.