30 African and South American leaders arrive to attend, with 60 countries being represented. (CCTV)(IOL)
South AfricanPresidentJacob Zuma says during the opening of the summit that the South-South union between South American and African regions will contribute to the development of both. (Xinhua)
Venezuela's PresidentHugo Chávez says regional governments are to sign an agreement to create a Bank of the South with startup capital of 20 billion US dollars. (Wales Online)
Twenty-two large banks in Europe may have accumulated credit losses of close to €400 billion for this year and next, according to officials who have seen a draft of conclusions of “stress tests” conducted by European regulators. (New York Times)