
The Brazilian currency and energy rate cuts will help tame inflation this year, allowing the Brazilian central bank to keep interest rates at a record low even as growth accelerates, said Treasury Secretary Arno Augustin.

Twenty one countries from South America and Africa strongly supported their commitment to keep the South Atlantic free of arms of massive destruction and expressed concern over the British military presence in the Falklands/Malvinas, which are claimed by Argentina.

British Prime Minister David Cameron came under renewed pressure to loosen his country's ties with the European Union today, two days ahead of a major speech in which he will spell out plans to renegotiate Britain's membership of the EU.

Venezuela President Hugo Chávez has decided to appoint Elías Jaua as the new Minister of Foreign Affairs, announced Venezuelan Vice-President Nicolás Maduro during the Tuesday session at the National Assembly when he submitted the Yearly Report for fiscal year 2012.

Argentine president Cristina Fernandez in her recent visit to Cuba declined to see the ailing Hugo Chavez but surprised her hosts, the Castro brothers, when she revealed having received two letters from the Venezuelan leader which she considered to be his political testament.

Ministers from Argentina and the United Arab Emirates (UAE) have signed a memorandum of understanding on peaceful uses of nuclear energy during the official visit to Abu Dhabi of Argentine president Cristina Fernandez.

Official inflation in Argentina was 1% in December ending the twelve months at 10.8%, which is less than half private agencies average estimate regularly released as the Congressional index, which was 2.1% and 25.6%, respectively.

Diego Maradona came on stage in the United Arab Emirates to defend President Cristina Fernández saying that “all Argentines must be proud of the government we have” and attacked some members of the opposition arguing they “can’t even cook a decent stew”.

The Chilean government started contacts in an attempt to ease tension and find solutions to the escalating conflict with the indigenous Mapuche in the southern province of La Araucania which has seen killings and properties torched.

Representatives from 21 African and South American countries are debating in Uruguay the consolidation of the South Atlantic as a zone free of massive destruction arms and its “improper militarization”, as a result of the growing tension between the UK and Argentina over the Falkland Islands.