Mercosur

Mercosur
Monday, September 16th 2002 - 21:00 UTC

IMF fears “Brazil effect”

The International Monetary Fund, IMF, expressed concern that the international confidence crisis in Brazil could spread to the whole region given investors fear of growing risk.

Monday, September 16th 2002 - 21:00 UTC

Chile's growth forecast downed

Chile's Central Bank downed to 2% the country's 2002 economic growth forecast and estimated that next year Chile will fluctuate between 3,5 and 4,5%, given adverse world conditions.

Monday, September 16th 2002 - 21:00 UTC

European Union interest rates unchanged

The ruling body of the European Union Central Bank left the basic interest rate unchanged at 3,25% as anticipated by financial markets.

Tuesday, September 10th 2002 - 21:00 UTC

Breaking News

Headlines:
Paraguay to Brazil: Shut Oviedo up; Chile sets up its first unemployment compensation program; Brazilian presidential candidate Lula climbs in polls;Brazil gets $30bn IMF loan

Tuesday, September 10th 2002 - 21:00 UTC

Chile marks its own Sept. 11

Chile on Wednesday marks its own Sept.11, that of 1973, when the presidential palace La Moneda was bombed and the long Pinochet dictatorship, known worldwide mainly for wholesale abuse of human rights, began.

Monday, September 9th 2002 - 21:00 UTC

Violence Erupts at March in Chile

Police used tear gas and water cannons to disperse demonstrators Sunday after violence erupted during a march marking the 29th anniversary of the military coup led by Gen. Augusto Pinochet

Sunday, September 8th 2002 - 21:00 UTC

Holland impress with 3-0 victory over Belarus

by Patrick Watts in Eindhoven.

Sunday, September 8th 2002 - 21:00 UTC

Argentine Crime Wave Hits AP, Others

Gunmen entered a 13-story office tower housing The Associated Press and other organizations Sunday, tying up and blindfolding about 10 people as they went floor by floor stealing valuables.

Friday, September 6th 2002 - 21:00 UTC

Brazil: 17th World Petroleum Congress

Green energy sources cannot meet global development needs and no matter how hard ecologists push for viable alternatives, hydrocarbons will continue to fuel the world for decades, experts at the 17th World Petroleum Congress say.

Friday, September 6th 2002 - 21:00 UTC

IMF defers Argentine repayment

The Executive Board of the International Monetary Fund (IMF) approved this Thursday a request from Argentina to extend by one year the repayment expectation of SDR 2.091 billion (about US$2.8 billion), which arises on September 9, 2002 under the Supplemental Reserve Facility (SRF).

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