Chilean Finance minister Nicolas Eyzaguirre forecasted that if Chile sustains the average 5,5% growth of the last fifteen years, per capita income will reach 20,000 US dollars by 2020, but he also warned about the unfair distribution of wealth and insufficient educational opportunities.
Indigenous mapuche communities in Argentine Patagonia rejected a donation of 2,500 hectares from the Benetton brothers arguing that the disputed lands are theirs by ancestral rights.
Thirty miles north of Punta Arenas, a private farm with support from the Chilean Development and Promotion Corporation is involved in a project to increase sheep farming profits basically by improving cross breeding and lambing.
China's industrial production slowed during October, a sign which was greeted with relief by Beijing authorities who are trying to take steam from the seventh world economy but the fastest growing.
The US dollar dropped Wednesday to a new record low breaking the 1,30 benchmark with no immediate prospects of a rebound according to European analysts who fear US trade and fiscal imbalances and have doubts about the strength of the economy's recovery.
Perspectives on China's growing links with Latin America highlighted by this week's visit to the region of Chinese president Hu Jintao could not be more different
The South American Community of Nations has a founding date, next December 9 in Ayacucho, Peru, according to the Mercosur Permanent Representatives Committee President Eduardo Duhalde.
US President George Bush re-election is expected to bring pressure on multilateral credit organizations for stricter monitoring of loans and most probably the naming of a new president in the World Bank.
Chinese President Hu Jintao embarked Wednesday on a two-week tour of Latin America that includes stops in Brazil, Argentina, Chile and Cuba, the official Xinhua news agency reported.
The official Cuban media called Venezuelan President Hugo Chavez's surprise visit to his friend and colleague Fidel Castro an extraordinary and generous fraternity gesture.