
Mercosur is only waiting for the European Union to begin the political negotiations on the long delayed overall trade agreement, announced Paraguay's foreign minister Eladio Loizaga in Asunción, just back from Brussels where he met with EU and Belgian officials.

By Rengaraj Viswanathan (*) Mauricio Macri’s win will inspire the centre-right opposition parties that hope to replace leftist governments in Brazil and Venezuela but it is too early to declare, as some observers are doing, that the result marks the end of the Left in the region

Two days after Mauricio Macri's victory in Argentina, Uruguay's former president Jose Mujica wished Argentina the best with its new government, but also expressed fear about the 'institutional stability' of the country.

The UK government is looking forward to working with the new government of Argentina and hopes the people of the Falkland Islands will not suffer the bellicosity shown by the current administration, said Foreign Office minister Hugo Swire in Parliament.

President-elect Mauricio Macri has tapped a top United Nations official to be Argentina's next foreign minister. Macri announced on his Facebook page on Tuesday that he picked Susana Malcorra, Cabinet chief for U.N. Secretary General Ban Ki-moon since 2012.

A landmark summit of the Gas Exporting Countries Forum (GECF) has opened in the Iranian capital Tehran with the participation of the heads of nine member states. Presidents of Iran, Russia, Venezuela, Iraq, Bolivia, Equatorial Guinea, Nigeria, Turkmenistan as well as the Algerian prime minister are the key participants.

US drugs giant Pfizer has sealed a deal to buy Botox-maker Allergan for $160bn in what is the biggest pharmaceuticals deal in history. The takeover could allow Pfizer to escape relatively high US corporate tax rates by moving its headquarters to Allergan's Dublin base.

In his first press conference as Argentine president-elect, Mauricio Macri announced on Monday he would not have a Secretary of Economy but rather an economic cabinet with six members, and anticipated that the team that will be taking office with him, as well as those in the province of Buenos Aires, will include many officials which do not come from the political system.

By Dr Alasdair Pinkerton - For the first time in 12 years, the new occupant of the Casa Rosada, the presidential palace in Buenos Aires, will no longer bear the surname Kirchner.

The latest developments in the drug trafficking case with relatives of Venezuela’s first lady Cilia Flores indicate that the Venezuelan military is involved in transporting cocaine to Haiti for trans-shipment into the US.