
The European Union and Mercosur signed a cooperation agreement involving 27 million US dollars earmarked for the sustainable development of the region.

The Brazilian economy is forecasted to expand 0.21% in 2009 according to a Central Bank poll among financial experts and which is published weekly in the Focus Bulletin. In the previous edition the growth estimate was 0.20%.

Uruguay is hosting as of Monday the Mercosur bi-annual presidential summit which will have as top issue of the agenda trade differences among its members, particularly Argentina and Brazil, and on the sidelines contacts of Uruguay’s president-elect Jose Mujica with leaders from Argentina, Brazil and Paraguay

Bolivian president Evo Morales won by a landslide majority in Sunday’s general elections and according to exit polls has ensured the Senate two thirds majority needed to continue with his reforms program some of them considered controversial.

A leader of the Argentine opposition does not discard the possibility of impeaching President Cristina Fernandez de Kirchner for alleged acts of corruption.

The lights are blazing from the world's largest floating Christmas tree -- a gigantic 85-metre high metal structure set on a lagoon in Rio de Janeiro, the city that will host the 2016 Olympic Games.

Rear-Admiral Sam Salt, who died on December 3 aged 69, commanded the first British warship to be sunk by enemy action after the Second World War

The possible purchase of Russian anti-aircraft batteries for the Brazilian Army could influence Brazilian negotiations for the acquisition of US manufactured fighter planes, reports the Sunday edition of Correio Braziliense.

The Brazilian government is considering extending political asylum to Honduran ousted president Manuel Zelaya who remains holed in at the Brazilian embassy in Tegucigalpa since last September according to reports in the Sunday press.
Bad news for Argentina: the Malvinas issue that until now was a bilateral conflict between Argentina and the United Kingdom has been transferred to the sphere of the large regional groups, at supra-national scale, from the moment that the Islands are considered as an “associate territory” of the European Union, points out the Buenos Aires daily Clarin.