MSM: Russia wants warships stationed around the world

MOSCOW (Reuters) – Russia’s military leaders approved a plan by the navy on Sunday to station warships permanently in friendly ports across the globe.

Underfunded since the 1991 break up of the Soviet Union, the Russian navy has been reasserting itself over the last year by chasing Somali pirates around the coast of east Africa and steaming across the Atlantic to visit allies in South America.

Brazil, Argentina abandon US dollar

Brazil and Argentina have launched a new payment system in their bilateral trade, doing away with the US dollar as a medium of exchange.

The two Latin American nations started the Payment System on Local Currency (SML) on Monday following a last month agreement inked by their presidents to use local currencies in a bid to end transaction in dollars.

MSM: Iran and Bolivia pledge cooperation, defying U.S.

The presidents of Iran and Bolivia said on Tuesday they would fight against “imperialism” and strengthen ties, brushing aside U.S. concerns about improving relations between the Islamic Republic and leftist South American governments.

South America nations found union

The leaders of 12 South American nations have formed a regional body aimed at boosting economic and political integration in the region.