Stories for April 20th 2005
Argentina growing above estimates
Economic activity in Argentina expanded in February 8,6% compared to the same month a year ago and 0,1% over last January, accumulating 8,8% over Jan/Feb 2004 according to the latest data from the Statistics and Census Office.
Mercosur-EU talks “virtually paralyzed”
Argentina finally admitted that negotiations for a free trade agreement between Mercosur and the European Union are virtually paralyzed and only a political understanding at the highest level could get the process rolling again.
Bs. Aires City airport becomes a battlefield
The departures lounge of the Jorge Newbery metropolitan airport (Aeroparque) became a battleground early yesterday morning as police clashed with a group of airline workers who are against the government's decision to sell the state-run airline LAFSA to Chile's LAN.
Sentenced to 640 years in prison.
A former Argentine navy officer who admitted to participating in “death flights,” in which naked detainees were thrown from planes during the country's military dictatorship, was convicted yesterday by a Spanish court of committing crimes against humanity.
US consumer prices rise 0,6% in March
United States consumer prices (CPI) increased more sharply than expected in March, 0,6%, with higher oil and gas prices adding to growing concerns about underlining inflation.
China can't lower expansion rate
China's economy expanded faster than expected in March 9,5%, increasing pressure on Beijing to continue with efforts to restrain fixed asset investment and possibly hike interest rates.
Uruguay prepares for a tough accord with IMF
The new Uruguayan government inherits an improved economy with diminished vulnerability although still pending is an agenda of reforms “exceptionally long” to ensure a sustained rapid growth and financial stability, reports the latest International Monetary Fund review.
Ecuador president removed
Lawmakers in Ecuador voted Wednesday to remove embattled President Lucio Gutierrez from office after a week of escalating street protests demanding his ouster, and they swore in Vice President Alfredo Palacio to replace him.
