South American countries, particularly Mercosur members remain as top priority of Brazil’s foreign policy confirmed this week President Dilma Rousseff.
Leading figures in Chile’s government were caught up in conflict of interest charges this week, with opposition Dep. Enrique Accorsi accusing President Sebastián Piñera and several of his cabinet ministers of “serious conflicts of interest” when they gave a green light to the Mina Invierno coal mine on Isla Riesco.
Argentina reached an agreement with the French conglomerate Peugeot-Citroen and the importers of Italy’s Alfa Romeo, to balance imports-exports value, following on Argentina’s latest regulations for the country’s auto industry.
Cuba's Communist Party selected President Raúl Castro and hard-liners from the old guard to steer wide-ranging reforms of the island's crumbling economy. As expected, Raúl Castro, 79, was chosen at a four-day party congress to replace his older brother Fidel Castro as first secretary of the ruling party's Central Committee.
The United States lacks a credible plan to cut its deficit over the medium term, the International Monetary Fund's chief economist Olivier Blanchard told French daily Le Monde in an interview published Wednesday.
Pascal Lamy head of the World Trade Organization is holding talks to try and salvage the ailing Doha Round of trade liberalization talks that have been stalled for almost a decade.
Brazil's tax revenue surged in March on the back of consumer demand that has continued to be robust the federal tax authority said this week.
Chile is studying supplying neighbouring Argentina with electricity during the southern hemisphere's summer, when demand spikes, daily newspaper La Tercera reported Wednesday.
March inflation in Brazil accelerated to its fastest rate since November 2008, driven by food, beverages and fuel prices. Consumer prices as measured by the IPCA-15 index rose 6.44% in the year through mid-April, the national statistics agency announced Wednesday in Rio do Janeiro.
The Syrian authorities' arrest of a leftist opposition figure overnight suggests that a bill passed by the government to end emergency rule after 48 years will not halt repression, rights campaigners said.