MercoPress. South Atlantic News Agency
Stories for July 9th 2004
-
Friday, July 9th 2004 - 21:00 UTC
Penguin News Update.
Headlines:
Freak weather wrecks Port Howard's jetty; Fish confiscated; Flights pessimism; New Senior Magistrate; Dog's flying adventure. -
Friday, July 9th 2004 - 21:00 UTC
Lloyds Bank leaving Argentina.
Lloyds Bank Argentina belonging to the Lloyds TSB group is leaving Argentina, the ninth foreign financial institution to abandon the country since the 2001 banking crisis, reports the Argentine press.
-
Friday, July 9th 2004 - 21:00 UTC
Mexico and Venezuela join Mercosur.
On the final day of the Mercosur presidential summit held in Puerto Iguazú, Argentina, the block accepted Mexico and Venezuela as members.
-
Friday, July 9th 2004 - 21:00 UTC
Bank of England rate unchanged at 4,5%.
The Bank of England this Thursday left interest rates unchanged at 4,5% after two successive months of rises. The decision was welcomed by manufacturers and mortgage holders, although market analysts believe the Bank's Monetary Policy will start raising rates again in August fearing soaring house prices and ever growing consumer debt.
-
Friday, July 9th 2004 - 21:00 UTC
Palermo Farm Show opens July 22.
With a 20% increase in the number of livestock competing and over 400 commercial stands Argentina's main agriculture show in Palermo grounds, opens next July 22 and will extend until August 3.
-
Friday, July 9th 2004 - 21:00 UTC
Huge fine for “inside trading”.
A Chilean court this Thursday upheld a $55 million fine - first imposed seven years ago - against six stockholders for manipulating the multi-million dollar sale of Enersis shares to Spain's Endesa, the country's main electricity consortium.
-
Friday, July 9th 2004 - 21:00 UTC
Brazilian industry confirms recovery.
Brazilian industrial production reported its third consecutive increase last May, 2,2%, with a total expansion since February of 4,5%. May 2004 was also 7,8% above the same month a year ago.
