
Argentina’s President Cristina Fernández de Kirchner plummeted to the No. 68 spot on this year's The World's 100 Most Powerful Women list made by US business magazine Forbes in New York, down from her No 11 position last year.

While the International Monetary Fund said it hopes Argentina will normalize relations with the multilateral institution, the Argentine Foreign Affairs minister Hector Timerman described the IMF as “non prestigious organization”.

Fugro NV the world’s largest surveyor of sea-beds and deepwater for the mining and oil industries, said it doesn’t believe it broke the law when it carried out work near the Falkland Islands that has become the subject of an Argentine investigation.

Paraguayan President Fernando Lugo, who has cancer returned home to resume his duties on Wednesday after undergoing emergency treatment in a Brazilian hospital over the weekend. He has a full cabinet meeting planned for Thursday.

Excessive pressure on the hammer of the T-130 drill – perforating the so-called “Plan B” escape hole –prompted engineers to stop drilling and change the hammer Monday night at the San José mine in northern Chile, where 33 miners are trapped 700 meters underground.

Jewish groups have expressed outrage that a former Nazi SS captain convicted for his role in the massacre of 335 civilians in Italy is allowed out from his house detention to go shopping or to church.

At least 46 Ecuador's national police members were arrested for their possible involvement in last week's revolt that the administration of President Rafael Correa called a 'coup attempt' which included the 'assassination' of the Head of State, the office of the public prosecutor informed.

Chilean Foreign Affairs minister Alfredo Moreno said Wednesday he would not make any further comments involving the serious controversy which erupted following Argentina’s decision to deny extradition of a Chilean guerrilla fighter charged with the killing of a Senator and kidnapping the son of a media owner in 1991 when democracy had been restored to Chile.

The International Monetary Fund warned of considerably high price index inflation and seemed sceptic of official GDP growth reports in Argentina as it presented its World Economic Outlook report, although it forecast a 7.5 percent growth, with a strong expansion partly due to the favourable global scenery and a strong trade with Brazil.

“Argentina seeks to service all its debts” said President Cristina Fernández de Kirchner following a meeting with German Chancellor Angela Merkel at the chancellery in Berlin. Mrs. Kirchner is on a three day high profile visit to Germany where she also met with President Christian Wulff in Berlin’s Bellevue Palace.