Wednesday, June 19th 2002 - 21:00 UTC

G 7 Optimistic

Finance Ministers of the seven most industrialized countries, meeting in Halifax Canada, expressed confidence in the world's economic prospects, that they describer as “encouraging”.

The economies of the G 7, United States, Canada, Germany, Britain, Italy, France and Japan “have not ceased to strengthen and should continue to do so for the rest of the year”, said the official release after the meeting was over.

Wednesday, June 19th 2002 - 21:00 UTC

Inflation under control

United States and United Kingdom seem to have inflationary pressures under control diminishing prospects of an interest rate rise in the coming months.

Tuesday, June 18th 2002 - 21:00 UTC

World Bank vigilant

The World Bank is concerned about diminishing direct investments in Latinamerica that could have a negative impact in a continent already suffering from financial and political difficulties, according to the organization's head economist for the area, Guillermo Perry.

Monday, June 17th 2002 - 21:00 UTC

How to weaken a president

The IMF mission currently in Buenos Aires discussing the resumption of credit to Argentina increased demands regarding financial and banking reforms, while the Duhalde administration, limited in its political support, must also address growing differences between the Economy Ministry and the Central Bank.

Saturday, June 15th 2002 - 21:00 UTC

Financial scare in Brazil

Markets reacted positively to the measures announced on Thursday by the Brazilian government to help restore confidence among investors, although doubts about the long term capacity of the country to repay its foreign debt remain.

Thursday, June 13th 2002 - 21:00 UTC

Breaking News

Headlines: Chile moves ahead; ICU for the “agonizing patient”; Tough negotiation ahead; G7 to press Argentina and the IMF.

Wednesday, June 12th 2002 - 21:00 UTC

Death of Peruvian statesman ?Belaunde Terry

Fernando Belaunde Terry, twice President of Peru, has died , aged 88. Here is an appraisal of the man and his contribution to Peruvian politics by Mercopress Correspondent Harold Briley, who knew him personally.

Tuesday, June 11th 2002 - 21:00 UTC

Menem campaigns in the US

Former Argentine president Carlos Menem, currently in Washington, addressed this Monday a conference of Conservative political leaders from all over the world and in the evening was invited to a welcome dinner offered by President George Bush in the White House.

Monday, June 10th 2002 - 21:00 UTC

Domingo Cavallo free

Former economy minister Domingo Cavallo walked free after an appeals court overturned last Friday his previous indictment on charges of smuggling weapons to Ecuador and Croatia last decade, ending his 65-day confinement in Campo de Mayo.

Monday, June 10th 2002 - 21:00 UTC

IMF and Argentine closer

An International Monetary Fund, IMF, delegation is expected next week in Buenos Aires to resume financial aid discussions with the Argentine government in an attempt to stabilize the country's economy going through one of its longest recessions in history.


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