Air fares from Brazil to the rest of South America will no longer be regulated as of next Monday September first, which will represent a significant reduction in prices according to a Friday release from Brazil's National Civil Aviation Agency, ANAC.

Chile's former Finance minister Nicolas Eyzaguirre was named to head the International Monetary Fund Western Hemisphere Department that oversees Latin America, the United States and Canada.

Argentine president Cristina Fernandez de Kirchner and Chile's Michelle Bachelet figure among the hundred most powerful women in the world according to a list released Wednesday by the US magazine Forbes.

Barack Obama made history as he became the first African-American to win the presidential nomination of a major US political party.

LAN Airlines, Chile's flag air carrier was once again named the best South American Company at the most recent World Airline Awards, given by the British market research company Sky Trax.

The two weeks old government of Paraguayan president Fernando Lugo has threatened with a referendum to solve a Congressional confrontation which is delaying crucial legislation for the incoming coalition such as the 2009 budget.

Britain is to formally present its case to the United Nations in New York for extending its territorial rights around Ascension Island in the South Atlantic. States have rights over their resources, including oil or gas reserves, up to 200 nautical miles from the shoreline.

Hillary Clinton delivered an unequivocal endorsement of Barack Obama in her prime time speech at the Democratic convention in Denver tonight and called on her supporters to rally behind him.

Vote intention for Uruguay's main opposition party continues to inch upwards according to the latest public opinion polls while the ruling coalition suffers sustained but gradual erosion. Uruguayan presidential and congress elections are scheduled for October 2009.

Sea ice in the Arctic Ocean has melted to its second lowest level since satellite observations began according to the National Snow and Ice Data Center in Boulder, Colorado. The extent of sea ice in the Arctic is down to 2.03 million square miles and the lowest point since 1979 is 1.65 million square miles set last September.