
The United States demanded on Friday that Argentina immediately end an import licensing regime and other curbs that have frustrated foreign suppliers while also expressing concerns about a sweeping new import restriction that Indonesia has imposed.

The leaders of Germany, France, Italy and Spain agreed Friday on a 130 billion Euros package to try to revive economic growth in Europe but differed over whether and how to launch joint bonds to combat the Euro zone's debt crisis.

Paraguayan vice-president Federico Franco, 49, was sworn-in on Friday afternoon as president following Fernando Lugo’s impeachment that had him removed in less than two days.

Ousted Paraguayan President Fernando Lugo addressed thousands of citizens outside the presidential palace and assured there had been a coup against democracy but also said he would respect the formality of the Senate’s decision and called on followers to march peacefully.

Chinese Premier Wen Jiabao arrived in Uruguay Friday, his first stop on a multi-nation visit to South America. Wen's arrival marks the first time a Chinese premier has visited Uruguay since diplomatic ties were established in 1988.

President Cristina Fernández assured on Friday night that “Argentina does not condone the coup in Paraguay” and anticipated that “appropriate measures” will be taken at next week’s Mercosur Summit, scheduled to take place in Mendoza.

By John J. Metzler (*) At the time of the 1982 invasion, Argentina was run by a military junta who unwisely played the nationalism card and seized the islands 300 miles off the coast of South America.

Paraguayan president Fernando Lugo was removed from office on Friday at 18:30 hours following an impeachment vote in the Senate where the motion was supported by 39 votes, four against and two absent.

Premier of China, Wen Jiabao, will visit the headquarters of the UN Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile, on Tuesday 26 June to deliver a lecture.

Chorus Aviation Inc. says it is working with the Uruguayan government on the recapitalization of the country’s flag carrier Pluna, just days after the Canadian company said it won't invest more money to bail out the airline.