Iran has extended a credit line of more than 200 million euros to Bolivia to help the industrial development of the South American country.

The agreement included the transfer of technology to Bolivia, Iranian Minister of Industries and Mining Ali Akbar Mehrabian said at a joint press conference with Bolivian President Evo Morales in the capital city of La Paz on Monday, the state-run ABI news agency reported.

Argentina's government has accused the country's two main newspapers of using the newsprint company Papel Prensa to impose media monopolies on Argentina.

Argentina's President Cristina Fernandez moved to take over the country's only newsprint company on Tuesday, accusing the two leading newspapers El Clarin and La Nacion of conspiring with dictators to have a control over the newsprint company since three decades ago thus driving rivals out of business.

More than 30 Iranian companies have put their products and latest achievements on show in an exhibition in the Venezuelan capital of Caracas.

Iranian Minister of Industries and Mines Ali Akbar Mehrabian arrived in Caracas on Wednesday evening to open the event which runs from August 26-29.

Brazil's Superior Labor Court (TST) has imposed a $3 million fine on a company accused of keeping people in slave-like conditions on its ranches for years.

The ruling was made to discourage the practice in Brazil, which has persisted in some regions for decades, TST said in a statement, adding that the fine on Lima Araujo Agropecuaria is the biggest imposed for employing slave labor.

Canadian economic growth has seen a slowdown in July after the country's housing market slowed, a leading economic index reveals.

A report by Statistics Canada showed Friday that the economy grew only 0.4% last month, down from 0.7% in June, due to a slowdown in the housing market.

A Brazilian state-controlled bank will finance up to €1 billion ($1.3 billion) in beef shipments to Iran after private banks refused to extend credit to exporters.

According to a Sao Paulo-based newspaper, Valor Economico, private banks did not extend beef exporters' credit fearing retaliation from the US and European Union.

For the token price of 1 U.S. dollar, business tycoon Sydney Harman and his wife bought Newsweek, assuming all obligations of the company.

Sydney Harman amassed a fortune as manufacturer of high-fidelity equipment and chairman of Haman International Industries. He was President Carter’s Under-Secretary of Commerce in 1977 and 1978. At present, he is chairman of the Business Executives for National Security (BENS), chairman of the Aspen Institute, and a member of the Council on Foreign Relations.

A top Iranian oil official speaks of a fresh round of talks between Iran and Venezuela, saying the two sides have agreed to set up a joint oil shipping company.

Upcoming Tehran-Caracas talks will focus on the establishment of a joint oil shipping company as agreed in a memorandum of understanding the two countries signed last year, Iranian Deputy Oil Minister Hossein Noghrekar Shirazi told Mehr News Agency on Tuesday.