Stories for August 19th 2004
IMF Managing Director visits South America.
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.
Argentine economy expands 8%
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.
Duhalde's dream of a united peoples of South America.
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.
Venezuela pushing for higher oil prices.
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.
Record oil prices benefit Magallanes development
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 interested in Shell Argentina assets.
Venezuela is considering the possibility of acquiring Royal Dutch/Shell assets in Argentina with the purpose of competing in the local market.
Chile ratifies full support to Argentine sovereignty claim.
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 veterans attempt to storm Government House.
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.
