Headlines:
Argentine navy in Falklands zone Foreign Office seeks explanation. Prison for engineer; Cruise season ends.
Former Argentine President Fernando De la Rua confirmed his testimony to a federal judge Wednesday that journalists and judges had received bribes during the government of Carlos Menem, judicial officials said.
Peter Caruana Gibraltar's Chief Minister said he does not expect the new Spanish Government to change its fundamental position on the sovereignty of the Rock. But he has expressed hope that Madrid will change the way in which it manages its relationship with the Rock and Gibraltar issues.
The Government of South Georgia has received international recognition for its sustainable management of the marine environment.
After ten years of differences with the Chilean government over allotment of Southern hake quotas a Spanish fishery group has requested arbitration hearings from an international body to begin legal actions against the Chilean State.
Aerolínas Argentinas and Varig airlines signed last week a letter of intent allowing the former Argentine airline, now under Spanish control, to audit Pluna's books the first step for the possible acquisition of the 49% share of the Uruguayan flag carrier which belongs to the Brazilian airline.
International Monetary Fund interim Managing Director Anne Krueger said that Argentina in the future will need a primary surplus above the 3% agreed for this year, with the purpose of increasing payments to the country's creditors.
With employment hiring lagging, inflation quiet low and resource use slack, the Federal Open Market Committee decided this Tuesday to keep its target for the federal funds rate at 1%, the lowest since 1958. In its official release the FOMC states:
Headlines:
Strong recovery of Argentine industry; Argentina implements another IMF condition; IMF forecasts stronger world economy
Mercosur main partners Argentina and Brazil will work actively so that negotiations with multilateral organizations, particularly fiscal demands, don't imperil growth or condition infrastructure investments.