Mercosur

Mercosur
Friday, February 21st 2003 - 21:00 UTC

Record US trade deficit

The United Status trade deficit reached a record 435,2 billion US dollars in 2002, a 21,5% increase over the 358 billion of 2001, according to an official release from the Department of Commerce.

Thursday, February 20th 2003 - 21:00 UTC

Unique Uruguay Football Medal for sale.

Memories of football's first ever World Cup final in Uruguay more than 70 years ago have been revived by the proposed sale of the Uruguay Captain's gold medal.

Thursday, February 20th 2003 - 21:00 UTC

Hot News from Argentina & Brazil.

Headlines: Argentina rejects war on Iraq; Brazil hikes interest rate; Pro Mercosur Ambassador.

Wednesday, February 19th 2003 - 21:00 UTC

Tough FTAA negotiation round.

United States multilateral and bilateral approach to tariff reductions and its insistence in protecting US farm subsidies in the framework of the current Free Trade Association of the Americas talks in Panama have stalled agriculture negotiations.

Wednesday, February 19th 2003 - 21:00 UTC

Preparing for elections in Paraguay.

Ten presidential hopefuls registered for the coming general elections in Paraguay that will be held next April 27. Nine of them are described by the Paraguayan press as conservative or populist and just one belonging to the left.

Wednesday, February 19th 2003 - 21:00 UTC

Non-aggression pact in Venezuela.

Venezuela's president Hugo Chavez administration and the opposition signed a non aggression pact aimed at defusing tensions, according to the Organisation of American States, OAS, that has been mediating in the increasingly violent and acrimonious conflict.

Tuesday, February 18th 2003 - 21:00 UTC

Greenspan cautions

US Federal Reserve Chairman Alan Greenspan warned that uncertainties over a possible war against Iraq are weakening US economic growth, creating “formidable barriers to new investment and thus to the resumption of a vigorous expansion of overall economic activity”.

Tuesday, February 18th 2003 - 21:00 UTC

Foreign investment drops

Foreign investment in Chile during 2002 dropped 33% compared to 2001, from 5,622 billion US dollars to 3,768 billion, according to the country's Foreign Investments Committee vicepresident, Karen Poniachik.

Tuesday, February 18th 2003 - 21:00 UTC

Central Bank scandal

The most trusted secretary of Chile's Central Bank president and her lover a Santiago stock exchange broker, were sentenced to jail on several accounts of bribery, fraud and violation of electronic data secrecy.

Monday, February 17th 2003 - 21:00 UTC

Joint tourist promotion

Argentina and Uruguay Ministers of Tourism Daniel Scioli and Pedro Bordaberry signed a “Memorandum of understanding” by which they commit both countries to a joint promotion of the area and its attractions “without loosing national identity”.

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