
Oil climbed to the highest level in 30 months in New York on Monday on speculation that US economic growth may support demand and a protracted conflict in Libya will curtail supply.

Brazilian mining giant Vale, the world's biggest producer of iron ore, has chosen a new chief executive. Former Vale executive Murilo Ferreira will return to the company on 22 May.

Argentine ambassador Jorge Argüello said that “when we talk about Malvinas, we’re talking about the oldest sovereignty dispute of modern times. And Malvinas is putting United Nations to test for solving dispute among countries”.

Uruguayan president Jose Mujica ratified this weekend before 1.200 businesspeople that his administration will keep the course and ‘reliability’ of the current economic policy, although this will not impede “changes that may surface consequences of the moment”.

Barack Obama is likely to announce plans next week to run for re-election and file campaign papers with the Federal Election Commission as early as Monday, a Democratic official said.

Martin Woods, a former senior anti-money laundering officer at the London office of Wachovia Bank says that New York and London have become the world's two biggest laundries of criminal and drug money, and offshore tax havens.

The Brazilian government admitted for the first time that there is some profile changes in the foreign policy implemented by President Dilma Rousseff compared to her predecessor Lula da Silva.

France has discovered what appears to be part of an Air France aircraft that crashed in the Atlantic almost two years ago killing all 228 people on board, accident investigators said.

Islamic extremist groups such as Al Qaeda, Hezbollah and Hamas are illegally operating in the Triple Frontier area shared by Argentina, Paraguay and Brazil, where they allegedly gather large amounts of money, recruit new militants and plan additional attacks, Brazilian magazine Veja denounced.

Nationalist candidate Ollanta Humala consolidated his lead in Peru’s presidential race according to the latest public opinion polls published Sunday in the country’s main dailies. Earlier in the week Humala promised investors he would manage the economy prudently and respect foreign investors despite his radical past.