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Stories for September 16th 2002

• Monday, September 16th 2002 - 21:00 UTC

  “Mercosur is over”

  French political scientist and renowned academic Alain Touraine stated that “Mercosur was over” and forecasted that the United States sponsored Free Trade Association of the Americas “is inevitable”.
  “To talk about Mercosur doesn't make much sense”, indicated Mr. Touraine in a long interview with the Brazilian newspaper O'Globo.

• Monday, September 16th 2002 - 21:00 UTC

  Argentines sceptical

  Argentine voters are sceptical about a possible reversal to the current situation even with a new president, according to the latest poll published this weekend in Buenos Aires daily La Nación.

• Monday, September 16th 2002 - 21:00 UTC

  Peruvian court rules against redundancy

  Peru's Supreme Tribunal ruled the reinstatement of hundreds of employees left redundant by the country's telecommunications company. The ruling shocked the business community that is now assessing the impact on future investments.

• Monday, September 16th 2002 - 21:00 UTC

  Privatization, “a wrong signal”

  Chile's Economy Minister Jorge Rodríguez said that privatizing public utilities in the current world business climate “could be sending the wrong signal”.

• Monday, September 16th 2002 - 21:00 UTC

  IMF fears “Brazil effect”

  The International Monetary Fund, IMF, expressed concern that the international confidence crisis in Brazil could spread to the whole region given investors fear of growing risk.

• Monday, September 16th 2002 - 21:00 UTC

  Chile's growth forecast downed

  Chile's Central Bank downed to 2% the country's 2002 economic growth forecast and estimated that next year Chile will fluctuate between 3,5 and 4,5%, given adverse world conditions.

• Monday, September 16th 2002 - 21:00 UTC

  European Union interest rates unchanged

  The ruling body of the European Union Central Bank left the basic interest rate unchanged at 3,25% as anticipated by financial markets.

• Monday, September 16th 2002 - 21:00 UTC

  Natural forest controversy

  Chilean environmentalist groups with American financial support are interested in purchasing extensive natural forests tracks in Tierra del Fuego belonging to a frustrated woods exploitation project, according to Punta Arenas Prensa Austral.

• Monday, September 16th 2002 - 21:00 UTC

  ENAP will remain in government hands

  Chile's oil company Empresa Nacional del Petróleo, ENAP will remain in government hands and plans to invest in the next tour years, 1,35 billion US dollars, 55% of which overseas.

• Monday, September 16th 2002 - 21:00 UTC

  Wild dogs endanger deer project

  Wild dogs attacked and killed several Dama deer in a field just five kilometres from Puerto Natales, endangering a project to promote the breeding of deer in Magallanes Region.