Petrobras, the Brazilian government oil company discovered an offshore field off the state of Espirito Santo to the north of Rio do Janeiro with estimated reserves of 600 million barrels.
IMF assistance for Paraguay; US Federal rates; US recommend perseverance; Mercosur is ticking and alive; Bus strike strangles Santiago; Repsol-YPF invests in Bolivia
Britain donated the Uruguayan Defence Ministry a satellite communication system for the Uruguayan Armed Forces contingents operating in United Nations peace keeping operations.
IRA involvement in Colombia; Violent coup forecasted in Venezuela; Argentina requesting 7 billion US dollars
Good prospects for sheep farming; Farm debts; Optimism in Palermo;
US Treasury Secretary Paul O'Neill ended a much expected four days confidence building visit to financially fragile Mercosur members with a political display openly contrary to the electoral philosophy of President Bush's administration, --and his own--, which has seen him, in the last weeks, propping government intervention, more corporate regulations and bailing out countries that face financial crisis.
30 billion for Brazil;
Petrobras discovers oil in Patagonia; Urchin ban suspension; Deadly storm hits
Bush signs fast track trade bill;
Uribe tells Colombians not to expect miracles; Bolivia Swears In New Leader; O'Neill, S. American Executives Meet
Uruguay is to repay Washington later this week after receiving a loan package in the same amount from the International Monetary Fund (IMF), the World Bank and the Inter-American Development Bank (IDB).
Visiting U.S. Treasury Secretary Paul O'Neill on Monday praised the economic policies of President Fernando Henrique Cardoso's administration and said Washington supports Brazil's efforts to obtain additional aid from the IMF