Stories for August 19th 2004
The Managing Director of the International Monetary Fund (IMF), Rodrigo de Rato, will be travelling to South America to participate in the 11th Finance Ministers' Meeting of the Asia Pacific Economic Cooperation (APEC), which will take place in Santiago, Chile on September 1-3, 2004.
The Argentine economy expanded 8% during the first half of the year with industry's 12,2% growth acting as the main thrust, according to figures released this week.
The president of Mercosur Representatives Committee Eduardo Duhalde arrived in Chile for a two days visit to sponsor energy integration and the union and harmonization of South American peoples.
With the oil market breaking records day after day, (almost 47 US dollars this Wednesday) Venezuela is sponsoring taking the current OPEC price band from 22/28 to 28/35 US dollars per barrel.
Oil record prices are having a positive impact for Magallanes Region through the Regional Development Fund, Fondema that is financed with duties on hydrocarbons local production.
Venezuela is considering the possibility of acquiring Royal Dutch/Shell assets in Argentina with the purpose of competing in the local market.
The Chilean Foreign Affairs ministry ratified this Wednesday in a short statement its full support to Argentina's legitimate sovereignty rights in the dispute over the Islas Malvinas issue
Malvinas war veterans camping in Buenos Aires Plaza de Mayo for a hundred days attempted this Wednesday to storm Government House but doors were closed just on time.