MercoPress. South Atlantic News Agency
Stories for December 2003
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Tuesday, December 9th 2003 - 20:00 UTC
Ailing dollar falls to record low.
The dollar has fallen to a record new low against the euro, before Tuesday's interest rates decision in the US.
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Tuesday, December 9th 2003 - 20:00 UTC
Cable & Wireless reveals US exit.
Cable and Wireless, the UK-based telecommunications operator, on Monday said it would use bankruptcy laws to exit its ailing US business, selling the US assets to Gores Technology for $125m.
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Tuesday, December 9th 2003 - 20:00 UTC
London Territories talks open on Monday.
These are mostly structured towards Caribbean policy. This is the first time that Governors have been invited to the OTCC.
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Tuesday, December 9th 2003 - 20:00 UTC
Brazil's bank chief sees enduring growth cycle
Following nearly a year of recession under the left-leaning government of President Luiz Inácio Lula da Silva, Brazil is entering a cycle of enduring economic growth, the central bank chief said on Monday.
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Monday, December 8th 2003 - 20:00 UTC
Chile-Colombia increase cooperation
Colombian president Alvaro Uribe begins this Monday a two days official visit to Chile during which he will sign several cooperation, security and trade agreements.
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Monday, December 8th 2003 - 20:00 UTC
“Turn the lights off and look for another job”
Ronald Brown, president of the Chilean Association of Exporters warned that if the exchange rate in Chile drops to 500 pesos to the US dollar then, “turn the lights off and look for another job”.
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Monday, December 8th 2003 - 20:00 UTC
FCO insists: no nuclear weapons in Argentine waters
Great Britain reiterated this Sunday that none of the Royal Navy vessels sunk during the 1982 South Atlantic conflict with Argentina carried nuclear weapons.
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Monday, December 8th 2003 - 20:00 UTC
Landslide defeat for Uruguayan government
The Uruguayan government suffered a landslide defeat this Sunday when 60% of a referendum electorate rejected a bill that would limit the monopoly of the government owned oil company and allow its association with foreign investors.
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Monday, December 8th 2003 - 20:00 UTC
Good prospects for Brazilian bonds. Above inflation target
In spite of the inflation target setback, Brazil's prospects in the sovereign bond market are encouraging, “but the Central Bank is not in a hurry; the situation is becoming ever more favourable for Brazil”, said Alexandre Schwartsmann head of International Affairs of Brazil's Central Bank.
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Monday, December 8th 2003 - 20:00 UTC
Cuba opens to American oil companies
The Cuban government underlined this Sunday it has a “no objections at all” policy towards United States oil companies wishing to look for hydrocarbons in the island's Exclusive Economic Zone, EEZ in the Gulf of Mexico area, as long as it's done on “a mutual benefit basis”.
