
Operations of a joint stock market linking Chile, Colombia and Peru are scheduled to begin May 30. The group, known as the Integrated Latin American Market, or Mila, said Tuesday that the decision was taken following two rounds of successful testing.

Ecuador is expelling the U.S. ambassador over a 2009 diplomatic cable released by WikiLeaks in which the diplomat accused the country’s former police chief of corruption.

Venezuela's nationwide consumer price index (NCPI), prepared by the Central Bank of Venezuela (BCV) and the National Statistics Institute (INE), showed a 1.4% increase in March 2011 compared to February 2011.

Brazilian President Dilma Rousseff strongly supported the need to spend money on defence at a time when she is making big budget cuts in many areas.

Spain’s official unemployment advanced for a third month in March, deepening the divide between peripheral economies struggling to recover from the financial crisis and Germany’s booming labour market. It was the worst record for Spain since 1996.

Brazil will apply import tariffs on specific goods from China and the United States, the latest measures to help stem a flood of cheap imports that is eroding the country's trade balance, according to a statement from the Industry and Trade ministry.

Uruguay consumer prices soared 1.42% in March, reaching 8.17% in the last twelve months and 3.6% in the first quarter, which is dangerously close to the twelve month government target of 3% to 7%, which theoretically should go down to 4% to 6% next June.

The Ulster Farmers’ Union has raised concerns over the current trade deal being discussed between the European Union and Mercosur. UFU beef and lamb chairman Ray Elkin said: “The potential for a Mercosur trade deal is of great concern to the UFU, and could have a devastating impact on Northern Ireland’s beef sector in particular.”

Argentina’s most important daily Clarin has filed an extortion complaint against the leader of the pickets that have prevented the circulation of the newspaper by blocking distribution at the press plant and who was recorded in a tape asking for the equivalent of 2.2 million US dollars to end the attacks.

Pop singer Michel Martelly better known as Sweet Micky, is Haiti's new president-elect. Preliminary results, released by the country's electoral council yesterday, show that Martelly won 68% of the vote in March 20 run-off election to beat former Haitian first lady, Mirlande Manigat.