
Several Mercosur negotiations with other blocks have failed because “they ask too much and offer too little” said Samuel Pinheiro recently appointed Mercosur High Representative and who is holding a round of meetings with member countries’ leaders.

European Union’s top trade negotiator, Karel de Gucht, accused Argentina of being “the great obstacle” in an association agreement between the EU and Mercosur, and threatened to take the case before the WTO.

Latin America and the Caribbean have weathered the 2008-2009 recession much better than it had previous downturns. However less well-known is that the region, particularly Mercosur members, also decisively outperformed many other regions during the same period with a decline in growth smaller than that of the middle-income country average and with a rebound that was swifter and stronger.

US President Barack Obama said the United States must use the tax code to help meet its targets for reducing the deficit and said that the wealthiest Americans must help achieve that goal.

The military officer who as de facto president led Argentina following the Falkland Islands invasion defeat in 1982 was sentenced to life in prison over human rights violations committed during the country’s last military dictatorship, 1976/1983.

Driven in part by higher fuel costs connected to events in the Middle East and North Africa, global food prices are 36% above their levels a year ago and remain volatile, pushing people deeper into poverty, according to new World Bank Group numbers released Thursday.

The BRICS group of emerging-market powers kept up the pressure for a revamped global monetary system that relies less on the US dollar and for a louder voice in international financial institutions.

Venezuela in Mercosur will act as a balancing element and Unasur has more than proven its merits, said Paraguay’s new Foreign Affairs minister Jorge Lara Castro who insisted the country must work urgently to overcome asymmetries in the region and passive integration is not enough.

Argentine President Cristina Fernández de Kirchner cancelled her trip to Mexico City and rescheduled it for May 30 after being told by Presidential Medical Unit doctors to rest for a further 24 hours, despite showing a 'satisfactory improvement' from the turn of low blood pressure she suffered Tuesday.

United States lawmakers are poised to cut spending on the United Nations by hundreds of millions of dollars, less than a week after UN Secretary-General Ban Ki-moon came to Congress to ask for continued strong support.