
The US Republican presidential candidate Mitt Romney said he has chosen Congressman Paul Ryan as his vice presidential running mate, a move that will bring the debate over how to reduce government spending and debt to the forefront of the race for the White House.

The US House of Representatives passed a 383 million dollars disaster relief bill that provides political shelter for lawmakers during the worst drought in half a century, but may not release the aid for months to come.

The incorporation of a major oil company is a sign of confidence in the future of the Falklands hydrocarbons industry and by any standards “absolutely fantastic”, said the Islands governor Nigel Haywood during an official reception at Government House for Rockhopper Exploration and their UK partners Premier Oil.

Uruguay will continue “to look after” Mercosur in spite of the strong diplomatic discrepancies with Argentina, but will also continue with an interest in participating in other trade blocks of the region, said President Jose Mujica.

Peru will be hosting next October the III Summit of heads of state and government from South America and Arab nations which is expected to bring together 32 countries, according to Deputy Foreign Affairs minister Jose Beraún.

The Uruguayan construction industry faces tough years ahead because of the international crisis and its effects on neighbouring Argentina, forecasted economist Jorge Caumont who is also an advisor of several real estate agents.

Argentina tightened its grip on the country's energy sector on Friday by ordering a tax hike on bio-diesel exports, a move it said was needed to make domestic fuel prices more affordable, but denied market rumours that it will increase a soybean export tax.

Official consumer inflation in Argentina reached 0.8% in July accumulating 9.9% in the last twelve months and 5.9% in the first seven months of the year, according to the Indec statistics bureau.

Amazonas, the first of three BAE Systems built Ocean Patrol Vessels being delivered the Brazilian Navy, departed the UK for Rio de Janeiro this week after her crew completed a rigorous program of Flag Officer Sea Training with the Royal Navy off the South coast of England

Paraguay is sounding the recently created Pacific Block made up of Colombia, Peru, Chile and Mexico with the possibility of considering applying to join it, revealed the country’s Foreign affairs minister Jose Fernandez Estigarribia.