
European Trade Commissioner Karel De Gucht said Argentina is in for long term consequences after sending “shockwaves” internationally with the announced plans to expropriate 51% of YPF shares owned by Spain-based Repsol oil and gas company.

Far-right leader Marine Le Pen, who has emerged as a kingmaker in France's presidential race, sought to wrest concessions from President Nicolas Sarkozy by challenging him not to bar her party's way in parliamentary elections.

Committees of Argentina’s Lower House of Congress began a plenary session on Thursday in order to clear the YPF expropriation bill for debate, which was approved early morning by the Senate.

Venezuelan President Hugo Chávez returned home after 11 days of cancer treatment in Cuba as the state television showed images of the Head of State chatting with his vice president and other aides after arriving at Caracas' international airport early Thursday.

The IMF warned Latin America on Wednesday that favourable economic conditions are not for ever and called on the region’s countries to “rebuild defences” ahead of an uncertain economic future.

Brazil’s Lower house of Congress on Wednesday approved a bill that weakens the country’s benchmark environmental law protecting the Amazon and other areas, a move that some fear will lead to a spike in deforestation.

Three of Brazil's leading companies said on Wednesday they are increasing investment and exploration in Peru's natural gas sector as the country prepares to build a new pipeline and petrochemical plants.

Loan delinquencies at Brazilian banks fell in March for the first time this year, a sign that households are reining in debt to get current on their obligations, central bank data showed on Wednesday.

Brazil will get US advanced technology transfers if it buys Boeing's F/A-18 Super Hornet fighter jet to upgrade its air force, visiting US Defence Secretary Leon Panetta said on Wednesday.

Tens of thousands of students took to the streets in Chile in support of education reform. Organisers said at least 50.000 marched in the capital Santiago on Wednesday, with police saying 25.000 attended.