ARGENTINA

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Olympics affirms Brazil's rise, Lula legacy

Rio de Janeiro's successful bid to host the Olympics in 2016 crowns Brazil's remarkable rise over the past decade from a near basket case to an economic and diplomatic heavyweight.

Argentine Secret a sharp, compelling thriller

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A riveting Argentine thriller spiked with witty dialogue and poignant love stories, The Secret in Their Eyes interweaves the personal lives of a team of state prosecutors with a manhunt spanning 25 years. Director Juan Jose Campanella (Same Love, Same Rain, Son of the Bride) is one of Argentina's most communicative storytellers, and this entry qualifies as a high point in his career.

Peru Camisea consortium to auction gas in October

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The consortium that operates Peru's massive natural gas field at Camisea is expected to launch an auction in October to sell fuel to the local market, the country's vice minister of energy said on Friday.
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China's MCC gains, but IPO pipeline weighs

Metallurgical Corp of China, the firm that helped build Beijing's Bird's Nest Olympic stadium, made a modest debut in Shanghai on Monday, in a sign that a flood of new equity is weighing on market sentiment.
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Stone film says U.S. demonizes Chavez, other leaders

Director Oliver Stone says the U.S. media and government have demonized Venezuelan President Hugo Chavez and other leftist South American leaders, and argues in a new film that they were right to stand up to Washington.
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Iran clerics oppose Ahmadinejad on women ministers

Some senior clerics want Iranian President Mahmoud Ahmadinejad to reconsider the nomination of three women as ministers in his new government, a conservative lawmaker was quoted as saying on Saturday.
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CNOOC explores $15 bln JV with Repsol -source

China's CNOOC is exploring a potential $15 billion joint venture with Repsol, involving the Spanish oil company's global exploration and production assets, a source familiar with the matter said.
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Vale says not seeking to buy fertilizer assets

Brazilian mining company Vale, the world's top iron ore miner, said on Friday it is not seeking to buy fertilizer assets following rumors it was planning a bid for U.S.-based fertilizer company Mosaic.
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Repsol still seen selling just 20-30 percent of YPF

The Argentine government's right of veto on any decision relating to the future of Spanish oil major Repsol's unit YPF is likely to outweigh any desire Repsol might have to free up some cash by disposing of its stake.
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China & HK team up in yuan-based trade

China's mainland and Hong Kong are transferring key personnel of its central bank, State Administration of Foreign Exchanges(SAFE) and Hong Kong Money Athority (HKMA), an effort to promote the cross-border yuan trade and accelerate the process of yuan's internationalization.
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GM to spend $1 billion in Brazil on new family of cars

General Motors unveiled plans on Wednesday to spend about $1 billion in Brazil through 2012 to develop a new family of vehicles for South America, a priority market for the U.S. automaker as it looks to rebound from bankruptcy protection.
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Vegetarian Travel Tips for South America

Destination South America: envision lush rainforests, smoggy cities, century-old cathedrals, trekking expeditions, and meat. Lots of meat. From the lauded steaks of Argentina to the fried guinea pig of Peru, meat is central to South American diet and culture.
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Sanford cleared on use of state funds

South Carolina Governor Mark Sanford, who faces growing calls to quit over an extramarital affair, did not misuse public funds in trips he made to see his mistress, the state's top police official said on Thursday.
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Petro Andina recommends rejection of Pluspetrol bid

Petro Andina, a Canadian-based oil and gas exploration company, said on Friday its board unanimously recommends that its shareholders reject an unsolicited bid by Netherlands-based Pluspetrol Resources Corp.
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Image of Stanford mistress Maria Belen Chapur published

A video showing Maria Belen Chapur, the Argentinean woman which South Carolina Gov. Mark Sanford confessed having an affair with, has been published in Argentinean and U.S. media and is the first and only image of her so far.
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Live on Television: U.S. politicians confess sins

With a tearful admission and groveling apologies, South Carolina Gov. Mark Sanford on Wednesday became the latest member of a fast-growing club of U.S. politicians -- the penitent sexual wanderers.
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SC Gov. Mark Sanford admits affair at press conference

South Carolina Governor Mark Sanford today admitted to having an extended affair with an Argentinean woman, and announced his resignation from the Chairmanship of the Republican Governor’s Association at press conference, effectively ending his political prospects for higher office.

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