
The lack of ‘tuning’ in trade affairs is not the only motive stalling the decade long Mercosur/European Union trade and cooperation discussions according to EU ambassador in Montevideo, Juan Fernandez Trigo who also included what he described as the ‘new historic reality’.

Argentina’s Hector Timerman and Brazil’s new Foreign minister Luiz Alberto Figueiredo Machado discussed a long agenda of common interest issues during a work meeting held in Buenos Aires, which included Mercosur, trade discussions with Europe, Unasur, Haiti and US cyber-spying in the region among other issues.

United States corn exporters are concerned with the fact that Venezuela, one of their prime markets, is now a full member of Mercosur, which includes Brazil and Argentina two major exporting countries.

Noble Energy Falkland Islands Ltd continue to negotiate with the Falkland Islands Government on the construction of a temporary port to the east of FIPASS prior to progressing the application for planning permission, the company’s representative in the Falkland Islands told Penguin News this week.

Brazil's government is considering lowering import duties in the next planned review of regional bloc Mercosur tariffs, which is scheduled to take place in January, Trade Minister Fernando Pimentel announced this week.

The International Monetary Fund urged US policymakers to support major reforms at the global lender and bury political differences over the budget to ease one source of risk to the economy and markets.

Pope Francis said the Catholic Church should not allow its bans on gay marriage, abortion and contraception to dominate its teachings, but must be a more welcoming Church where priests are understanding-pastors and not cold, dogmatic bureaucrats.

The government of President Cristina Fernandez has given another step towards the state control of the Argentine railway system, following the nationalization of three other lines which connect the City of Buenos Aires to the provinces of Tucumán and Córdoba, passing through Santa Fe and Santiago del Estero provinces.

A majority of Uruguayans have little or no interest in politics according and most of them are young people, poorly educated and those who consider themselves as ‘centre or centre right’, according to the results of a public opinion poll released on Thursday.

Brazilian Finance Minister Guido Mantega, on Wednesday cheered the Federal Reserve's decision to leave stimulus unchanged, saying it may signal an end to market turmoil. Mantega, who gained international fame for using the term currency wars to describe rich nations’ efforts to lift exports by weakening their currencies, said a gradual stimulus withdrawal may boost Latin America's largest economy.