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Stories for May 5th 2003

• Monday, May 5th 2003 - 21:00 UTC

  Menem from favorite to underdog.

  Former Argentine president Carlos Menem this Sunday admitted for the first time that he could be defeated in the run off for the presidential election of next May 18. So far Mr. Menem had never admitted loosing an election and had anticipated that in the first round of April 27 he would win by an ample margin of at least ten points.

• Monday, May 5th 2003 - 21:00 UTC

  “Virtuous circle” forecasted for Brazil.

  The Brazilian Central Bank expects a rebound of expectations in the coming months that will help the country keep inflation below the 5,5% target agreed for next year and a significant drop in interest rates that now stand at a basic record of 26,5%.

• Monday, May 5th 2003 - 21:00 UTC

  Reshuffle in Uruguayan cabinet.

  A reshuffle in the Uruguayan cabinet in the international relations area is expected in the coming weeks according ours sources in Montevideo.

• Monday, May 5th 2003 - 21:00 UTC

  Regional News from Pta. Arenas.

  Headlines:
  Unending DAP-Lan Chile controversy; 16,000 tons of salmon in 2007; Unemployment drops in Punta Arenas;

• Monday, May 5th 2003 - 21:00 UTC

  Duhalde on kidnapping of Macri's daughter.

  President Eduardo Duhalde yesterday repudiated the kidnapping of Florencia Macri ? daughter of top local businessman Franco Macri ? and urged the Congress to pass a law to toughen sentences for kidnappers.

• Monday, May 5th 2003 - 21:00 UTC

  Air Link for Saint Helena.

  Plans to build its first ever airport for the remote Atlantic Island of Saint Helena have taken a major step forward. British companies and organisations interested in the project were invited to register their interest by the deadline of May 2nd, with a decision expected later this year.

• Monday, May 5th 2003 - 21:00 UTC

  Falklands forces deployment.

  A warning by the retiring British Chief of Defence Staff, Admiral Sir Michael Boyce, that British forces are severely over-stretched after the Iraq war has prompted renewed questioning of their overseas deployments and even a suggestion that they should be withdrawn from the Falkland Islands.

• Monday, May 5th 2003 - 21:00 UTC

  Kidnappers have released F Macri.

  Kidnappers have released at 5am today unharmed the 19-year-old daughter of an Italo-Argentine construction magnate after they collected $800,000 in ransom, Argentine police reported.