
Changes in Argentina are an opportunity for closer political links and economic ties with Brazil while the two leading South American countries work in the construction of a Mercosur extending from the Caribbean to Patagonia, said Brazil's Foreign Affairs minister Celso Amorim.

Six South American presidents launched Sunday in Buenos Aires the Bank of the South, the region's answer to the World Bank and the International Monetary Fund as a source for development funds.
A former head of the RAF said he hoped air force gunners would get the credit they deserved after unveiling a monument in Honington to commemorate their contribution in the Falklands Islands, reports the East Anglia Daily Times.

Hours before the first elected woman president takes office in Argentina, the preparations for the ceremony are underway. The preparations in Buenos Aires Colón Square, where the outdoors ceremony is due to take place, were finished on Thursday and foreign heads of state are currently arriving in Buenos Aires city to participate in Cristina Fernández de Kirchner's inauguration.

Bolivian President Evo Morales has called for a referendum on whether he and the country's nine regional governors should stay in office. Mr Morales said the vote should provide the final word on his reform program, which several governors oppose.

The Argentine Senate this week passed into law the 2008 budget and the Ministries bill, but delayed for next week's session the vote on the extension of the Economic Emergency bill and other tax bills.

Panama is moving to make the teaching of Mandarin compulsory in all schools, in recognition of China's growing importance in the world economy. The Panamanian National Assembly has given conditional approval to the bill in the first of three debates.

Headlines: Frankenstein and Dracula in love duel? It must be panto season!; 'FIG needs economic rethink' Former Economic Advisor urges: 'Take a longer term view; ' Fishing company's application fails; Battle Day parade and holiday.
A FALKLANDS artist who has spent three years of his life living in Buenos Aires is to stand for election to Falkland Islands government.
Colombian president Alvaro Uribe said he is willing to create a meeting zone to enable talks to take place with the country's Revolutionary Armed Forces, FARC, aimed at freeing rebel-held hostages.