
US President Barack Obama is expected to announce this week his choice of Federal Reserve Bank of San Francisco President Janet Yellen as vice-chairman of the Fed Board of Governors, according to congressional sources.

Argentina filed with United States regulators the terms of its offer to swap up to 20 billion US dollars in defaulted debt, bringing the exchange a step closer to launching.

International credit rating agency Standard and Poor's downgraded on Wednesday Spain's credit rating from “AA+” to “AA” with a negative outlook. The move comes a day after S&P gave Greek bonds a junk rating and lowered Portugal's credit rating from “A+” to “A-”.

Argentine President Cristina Fernández de Kirchner and her Uruguayan counterpart José “Pepe” Mujica said on Wednesday they will be working to “re-channel” bilateral relations and will strictly abide the ruling of the Botnia paper mill case.

Colombia’s Green party presidential candidate Antanas Mockus arrives for Wednesday’s night television debate as favourite following on his spectacular rise in public opinion polls.

Uruguay and Argentine presidents will be meeting Wednesday in Buenos Aires to analyze the aftermath of the International Court of Justice judgement on the pulp mills controversy and hopefully find a way, to peacefully lift Argentine protestors’ pickets that have been blocking since 2006 a bridge linking the neighbouring countries.

Brazilian president Lula da Silva discarded any sort of retirement once he steps down from the Executive next December 31 and underlined he will continue to act in politics.

Bolivian president Evo Morales sent a letter to gay and lesbian organizations in Spain expressing respect for sexual diversity, according to the Executive’s press office and spokesperson Iván Canelas.

Argentina made official this week the planned monitoring of vessels sailing between the mainland and the disputed Falkland Islands, the Coast Guard agency PNA said.

United States President Barack Obama spoke this week for the first time with Honduran President Lobo to discuss the situation in Honduras, said the White House.