According to the latest public opinion poll published in the Montevideo press, the Uruguayan ruling coalition is loosing ground in vote intention, --although still high--, while the main party opposition keeps advancing.
United States President-elect Barack Obama has named his top economic advisers to oversee a huge economic stimulus package. Timothy Geithner, the president of the New York Federal Reserve, will be the next US treasury secretary.
Venezuela's opposition cut deep into President Hugo Chávez's majority and standing during last Sunday's local elections when it won five of the country's most populous states as well as the crucial mayor's office of the capital Caracas.
President Hugo Chavez knows just how important Sunday's state and municipal elections are to his own grip on power.
Brazil has recalled its ambassador from Ecuador over the Andean country's suspension of payments on a Brazilian loan worth at least $320 million.
Barack Obama, the US president-elect, has ordered his advisers to produce an economic recovery plan aimed at creating 2.5 million new jobs across the country over the next two years.
Sunday's elections in Venezuela will be a key test for President Hugo Chavez a year after voters defeated his effort to change the constitution which was targeted to ensure his XXI Socialist-Bolivarian revolution.
United States shares rose sharply on Friday following a report that US President-elect Barack Obama has chosen his treasury secretary, reassuring investors. The Dow Jones Industrial Average added 494 points or 6.5% to end at 8,046.66. The Standard & Poor's 500 climbed 6.3%.
Argentina's Senate passed on Thursday a bill to nationalize the private pension funds system in a move that analysts say could protect the potential beneficiaries from short-term stock market chaos but also limit their long-term retirement income.
New York Senator Hillary Clinton has accepted President-elect Barack Obama's offer of the job of secretary of state. Hillary is expected to accept the position of secretary of state in the Obama Administration. A formal announcement is planned for after Thanksgiving.