
A third of Argentines have difficulties to face monthly costs because of inflation and lagging salaries, and 11% admit to “many difficulties” according to the latest Poliarquía public opinion poll released this week.

Mexico’s government oil and gas giant Pemex confirmed the discovery of a crude reserve which could hold over 500 million barrels, and described as the largest on land strike in the last decade.

As we approach January 10, or even before New Year, the big news will be if a re-elected president but physically handicapped and sick is capable of taking the oath for another six years for which he was re-elected last 7 October, says Nelson Bocaranda, probably the best informed journalist in Venezuela whose reports have sustainedly proven right.

The Argentine central bank has been financing the Treasury with so called ‘transitory advances’ to the tune of 101 billion Pesos (approx 20bn dollars), a sum which is expected to increase given the additional outlays of the end of the year particularly with the Christmas bonus.

Bolivia will announce to its peers at the Mercosur summit in Brasilia, later this week that it is willing to adhere to the trade block as a full member, reported Amanda Dávila, Communications minister.

Venezuela's President Hugo Chávez will travel to Brazil for the Mercosur summit next Friday despite cancer-related medical treatment in Cuba, Brazil's ambassador revealed on Monday.

The Falkland Islands Government have released a collector’s coin which marks the 100th meeting of the Stanley Sports Association, the annual Horse racing event of the season that has taken place since 1908 on Boxing Day, the day after Christmas.

Argentina energetically rejected the UK complaint about alleged intimidation of vessels linked to Falklands/Malvinas activities as well as the awarding of squid licences in waters close to the South Atlantic archipelago.

Peru asked the International Court of Justice Monday to set a maritime border with Chile in a case that could greatly expand the amount of rich seas under Peruvian control off the two Pacific neighbours’ coasts.

Britain summoned Argentina's ambassador to London on Monday after masked men ransacked the offices of a shipping company in Buenos Aires, a move the Foreign Office alleged was aimed at deterring ships from visiting the disputed Falkland Islands.