
Brazilian President Lula da Silva has said he will not make a decision on a multi-billion-dollar jet fighter purchase before stepping down on January 1, state media reported.

The trustee for the liquidation of Bernard Madoff's investment firm is suing HSBC for 9 billion USD. Irving Picard, who is seeking to recover funds on behalf of Madoff's victims, is alleging 24 counts of fraud and misconduct against the bank.

European Union Health and Consumption ministers have agreed rules that will require the nutritional content of food to be shown on packaging.

In spite of the fact that the Ibero-American leaders’ summit last weekend in Mar del Plata approved a document in support of Argentina’s sovereignty claims over the Falklands/Malvinas and other South Atlantic islands, Spain admitted European countries can not influence London’s decisions.

Candidates from Venezuelan President Hugo Chavez’s party PSUV won seven municipalities and one state in regional polls, the populist socialist leader’s first test since suffering a setback in September legislative elections, state television reported.

Chile is willing to cooperate with a sea-outlet for landlocked Bolivia but will not cede sovereignty because “we will never accept something that divides the country in two”, said the Chilean Foreign Affairs minister Alfredo Moreno.

Mercosur and Syria are scheduled to sign an agreement to begin trade negotiations at the group’s next summit in Brazil, December 15, according to official sources in Damascus. Syrian president Bashar al-Assad earlier this year visited South America to promote trade and political links, particularly with Brazil that has a large Syrian community.

Representatives of the United States and Brazil have singed an Open-Skies aviation services agreement which will significantly liberalize U.S.-Brazil air services for airlines of both countries over a transition period, according to the U.S. Department of Transportation (DOT).

by Former Senior Research Fellow Nikolas Kozloff
As more and more documents become available from Wikileaks, the public has gotten a novel and close up view of U.S. diplomats and their operations abroad.

President Cristina Fernández de Kirchner's administration announced Monday via Foreign Minister Héctor Timerman that Argentina recognizes Palestine as “a free and independent state, within the frontiers in existence since 1967.”