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Stories for July 2004

• Wednesday, July 28th 2004 - 21:00 UTC

  Inflation creeping in Brazil.

  Market analysts in Brazil increased the 2004 inflation estimate to 7,13% compared to 7,08% only a week ago according to the latest release from the Bank. However, the hundred main companies of the country said the price increase estimate for 2005 remains at 5,50%.

• Wednesday, July 28th 2004 - 21:00 UTC

  EU interpreted Mercosur as a “fragile” block.

  Argentina's decision to restrict imports of Brazilian home equipment harmed the current trade and cooperation negotiations between Mercosur and the European Union, said Brazilian Agriculture Minister Roberto Rodrigues during a business forum in Sao Paulo.

• Wednesday, July 28th 2004 - 21:00 UTC

  46% of Argentines live in poverty.

  The number of Argentines living in indigence and poverty dropped considerably compared to the peak of the crisis, announced this week in Buenos Aires Argentine Economy Minister Roberto Lavagna.

• Wednesday, July 28th 2004 - 21:00 UTC

  Another natural gas discovery in Bolivia.

  A Bolivian partner of British Petroleum, Chaco announced the discovery of yet another natural gas field with reserves estimated in 0,3 billion cubic feet, in west Bolivia.

• Wednesday, July 28th 2004 - 21:00 UTC

  British frigates offer to Chile.

  Former Chilean Navy Commander and Senator for life Jorge Martinez Busch described the offer to Chile of three Royal Navy T 23 frigates as “very adequate from a technical point of view”.

• Wednesday, July 28th 2004 - 21:00 UTC

  Benetton abattoir and tannery in Comodoro Rivadavia.

  The Italian textile group Benetton will be investing 15 million US dollars in a sheep abattoir and a skin tannery in Patagonia where they own almost a million hectares of land, was announced last Monday in Comodoro Rivadavia.

• Tuesday, July 27th 2004 - 21:00 UTC

  “Political” solution for Mercosur trade dispute.

  The Brazilian government is willing to negotiate a “political” solution to the current trade conflicts with Argentina (Brazil's main Mercosur partner), said this Monday Brazilian Under secretary for South American affairs Luis Felipe Macedo Soares.

• Tuesday, July 27th 2004 - 21:00 UTC

  Vital WTO talks begin with recriminations.

  On the eve of decisive negotiations in Geneva in the framework of the World Trade Organization, United States accused French president of Jacques Chirac of setting obstacle to a draft agreement worked out by the European Union in an attempt to harmonize a common position.

• Tuesday, July 27th 2004 - 21:00 UTC

  Public opinion trust in Kirchner eroding.

  Argentine's trust in President Nestor Kirchner's administration dropped 7% this month compared to June and is at its lowest since taking office in May 2003. According to a rating from the Torcuato Di Tella University this month the confidence index was 2,49 points while in June it stood at 2,68.

• Tuesday, July 27th 2004 - 21:00 UTC

  IMF reviews role in Argentine crisis.

  The International Monetary Fund, IMF, considered today a report from the Independent Evaluation Office which elaborates on the alleged multilateral credit organization's degree of responsibility in the recent Argentine financial crisis.