
China National Offshore Oil Corporation, (CNOOC), signed a multi-billion dollar deal with Australia's BG Group to buy millions of tons of gas. Under the deal, which still needs government approval, CNOOC will buy 3.6 million tons of liquefied natural gas a year for the next 20 years.

United Nations specialists are to look again at the contribution of meat production to climate change, after claims that an earlier report exaggerated the link. A 2006 report concluded meat production was responsible for 18% of greenhouse gas emissions - more than transport.

Major financial institutions are embroiled in the UK's biggest ever probe into insider dealing, it has emerged. The City is reeling after learning three of its top financiers are among six men arrested on suspicion of being involved in a sophisticated and long-running insider dealing ring.

United States Secretary of State Hillary Clinton congratulated Chile, Argentina, Colombia and Mexico on the bicentennial of their independence to be celebrated in the course of 2010 and said she was hopeful the anniversary would also celebrate a future of “greater cooperation in the hemisphere”.

Chile’s Jose Miguel Insulza was re-elected Wednesday as secretary general of the Organization of American States (OAS) for another five-year term (2010/2015). Insulza, 66, the only candidate, was elected by acclamation at the OAS general assembly with Paraguay’s Hector Lacognata acting as president.

Chilean President Sebastían Piñera officially inaugurated this week the biannual International Air and Space Fair, FIDAE, which this year marks the 30th anniversary of the successful air show and the 80th anniversary of the Chilean Air Force.

Argentina’s renowned ballet dancer Julio Bocca has been named by Uruguayan president Jose Mujica as the new director of the official Sodre Performances and Dance Company.

Argentine president Cristina Fernandez de Kirchner thanked Peru for the military support and having made available aircraft, missiles and pilots in the conflict with Britain over the Falkland Islands back in 1982.

“The visit of President Cristina Kirchner and the re-launching of ties with Peru is strategic for Argentina: Peru is a very important country in South America and a historic ally of Argentina”, said Argentine Foreign Affairs minister Jorge Taiana following the signature of thirteen bilateral accords at Government House in Lima.

Argentina and Peru put an end this week to sixteen years of “cold relations” with official apologies and a historic reparation from visiting President Cristina Fernandez de Kirchner who also signed with her peer Alan García a Strategic Association bilateral agreement.