
This week Malaysia became the 59th country to sign a free trade agreement with Chile. It is the first free trade agreement (FTA) for President Sebastian Piñera's government and it is Malaysia’s first FTA with a Latin American nation.

France and Germany pledged on Thursday to work together to solve a European debt crisis and support the Euro, patching up a public rift that had rattled markets around the world.

The Spanish government approved on Thursday approved a €15 billion (19 billion US dollars) austerity plan aimed at reducing the country's large fiscal deficit and easing concerns that Spain could follow Greece into a debt crisis.

Prime Minister Recep Tayyip Erdogan from G-20 member Turkey will pay formal visits to Brazil, Argentina and Chile at the end of May. Turkey and Brazil have increasing closer links and earlier this week brokered a deal with Iran regarding Teheran’s controversial nuclear fuel production capacity.

Old wounds were reopened between Chile and Argentina this week: a long-time border dispute in the nations’ southern Patagonia regions.

The United Kingdom presented Wednesday a note verbale firmly rejecting the Argentine government’s recent decisions which imposes the request of official authorization for shipping to and from Argentina, the Falkland Islands, South Georgia and South Sandwich Islands.

Uruguayan president Jose Mujica will meet with Argentina’s Cristina Fernández de Kirchner next June 2nd at the Uruguayan presidential farm in Anchorena, a 15 minutes helicopter ride from Buenos Aires, announced Wednesday Uruguayan Foreign Minister Luis Almagro.

Newly appointed British Foreign Secretary William Hague has declared that the Conservative Government’s position on the Gibraltar issue “is well known and has not changed.”

The European Union on Wednesday signed trade agreements with Central America, Peru and Colombia, while some Latin American leaders criticized such deals as only favouring rich countries.

World shares fell on Wednesday after a surprise move by Germany to ban some types of short-selling of financial products. Bans on short selling have been introduced in recent times of financial instability by both the UK and US.