
Argentina and Uruguay presidents Cristina Fernandez and Jose Mujica agreed Monday evening to discuss their trade differences in the framework of Mercosur and promote “positive discrimination” measures for Uruguayan exports to help compensate the restrictions imported to all imports by the Argentine government.

Repsol's chairman Antonio Brufau has asked for a meeting with officials from the Argentine government, which investors fear could seize control of the Spanish oil major's unit in Argentina, YPF.

US and Brazil plan to boost trade and cooperation in their respective national drinks, cachaça (distilled sugar cane liquor used to make caipirihna cocktails, and Tennessee whisky. The letter of intent was signed Monday by US Trade Representative Ron Kirk and Brazil’s Trade Minister Fernando Pimentel.

US Boeing and Brazil’s Embraer signed an agreement Monday to work cooperatively on aircraft safety, operational efficiency and manufacturing productivity.

Argentina’s government controlled Aircraft Factory, Fadea, plans a production of 100 Pampa II training and combat aircraft at its plant in Cordoba in association with the German company Grob Aircraft AG, it was announced.

A book published this week in Britain takes an in-depth look at the Falkland Islands 30 years on from the short but deadly conflict of 1982. “Fortress Falklands – Life Under Siege in Britain’s Last Outpost”, is written by journalist Graham Bound. Although normally resident in the United Kingdom, Bound is an Islander, and he returned to the Falklands to report on a situation that he says is more volatile and dangerous than it has been at any time since 1982.

China's inflation rebounded slightly in March after logging an extremely low growth in February, backing lingering uncertainty regarding the country's ability to contain price rises.

The Argentine government came out in full force over the weekend to back Vice-President Amado Boudou after he was accused of embezzlement in what become known as the “Ciccone Case”.

According to a piece from the Financial Times Britain is chasing £45m of debt owed by the Argentine government that was lent to the military Junta in 1979 and used, in part, to buy weapons that were later used during the Falkland Islands in 1982.

In spite of disagreements in several issues, President Dilma Rousseff during her meeting on Monday at the White House with her peer Barack Obama is expected to insist on the need to join efforts in combating the world economic crisis and particularly monetary instability originated in the manipulation of foreign currency exchanges, which the Brazilian describe as a “monetary tsunami”.