Stories for June 2nd 2004

Wednesday, June 2nd 2004 - 21:00 UTC

Oil shoots above $42 per barrel in New York

Oil prices this Tuesday, reacting to the weekend attacks in Saudi Arabia, rose sharply in New York and London reaching a record 42,33 US dollars per barrel, 2,45 US dollars more than last Friday.

Wednesday, June 2nd 2004 - 21:00 UTC

Colombian president Uribe's reelection advances

A majority of Colombians would vote to give President Alvaro Uribe a second four-year term if the constitution were reformed to allow re-election, according to a poll released Tuesday in Bogotá.

Wednesday, June 2nd 2004 - 21:00 UTC

Record trade surplus in Brazil

Brazil's foreign trade keeps breaking records. Last May trade surplus reached 3,118 billion US dollars, the highest ever for a month with exports totaling 7,927 billion US dollars and imports 4, 823 billion US dollars.

Wednesday, June 2nd 2004 - 21:00 UTC

Brazil optimistic with next oil licencing round

The strong international demand and prices for oil should boost corporations interest for the next Brazilian oil licencing round scheduled August 17/18, said Sebastiao do Rego Barros, CEO of the country's National Petroleum Agency, ANP.

Wednesday, June 2nd 2004 - 21:00 UTC

Argentina 's new offer to defaulted bond holders

Argentina presented this Tuesday a new private debt restructuring offer which includes repayment of accrued (defaulted) interests and the issuing of bonds linked to economic growth, but the controversial 75% capital cut (acquittance) originally proposed, stands

Wednesday, June 2nd 2004 - 21:00 UTC

Mussel fact finding trip

Starting a mussels industry plus attracting Scottish investment to the Falkland Islands was the main objective of a two weeks fact finding trip by representatives of the Islands fishing industry.