
As of January first Venezuela is holding a non-permanent seat at the UN Security Council for two years (2015-2016). In such position, the government will have to take a stance on global issues, based on its “multi-center, pluri-polar world” approach.

Brazil’s President, Dilma Rousseff, 67, began her second term Thursday, January first vowing to rein in government spending to curb inflation and pull Latin America’s largest economy out of a four-year slump.

The Brazilian government announced it will limit unemployment and pension benefits as part of its plans to shore up depleted finances and regain investor confidence. Likewise the Central bank said that following a fourth year of low growth, Brazil will miss its fiscal target for 2014 by a wide margin.

Argentine President Cristina Fernandez, who is suffering from a broken ankle, left on Tuesday afternoon for Calafate in Santa Cruz province, after doctors allowed her to travel. She plans to spend New Year with the family and in good spirits twitted about the authorization, presented her smallest pet, a toy-caniche Lolita and announced that small pets will be allowed to travel in all domestic Aerolineas and Austral flights.

Venezuela has the second highest homicide rate in the world, according to a report released by the NGO Venezuelan Violence Observatory. The country's homicide rate for 2014 stood at 82 per 100,000, with a total of 24,980 killings recorded for the year. The figure marked an uptick from the group’s estimate for the year prior, which stood at 79 per 100,000.

The U.N. General Assembly approved this week the financing of a plan to develop a new legal framework to restructure national debts, a move aimed at avoiding the kind of speculative action that led Argentina to a second default.

Uruguay's president Jose Mujica and elected president Tabare Vazquez will attend the inauguration, on January first, of Brazilian president Dilma Rousseff second consecutive mandate in Brasilia. The two leaders received an official invitation from the Rousseff administration according to Uruguay's official media.

Analysts agree fiscal austerity and economic growth will be among the new government's priorities.

No agreement reachable with opposition in three previous sessions. Nominations Committee must continue working.

The Argentina firm joins the ranks of the international producers authorised to enter the Asian country's market.