Stories for November 5th 2004

Friday, November 5th 2004 - 20:00 UTC

Eurozone and UK rates remain unchanged.

The European Central Bank decided Thursday to leave Eurozone interest rates unchanged at 2%. The decision was expected by financial markets since there are growing concerns about the economic recovery of the Eurozone twelve nations.

Friday, November 5th 2004 - 20:00 UTC

IMF asks Bush administration to balance budget.

International Monetary Fund Managing Director Rodrigo de Rato said that the main challenge for re-elected United States president George W. Bush during his second mandate will be the budget deficit.

Friday, November 5th 2004 - 20:00 UTC

Inflation in Chile under control.

Consumer prices during October in Chile advanced 0,3% totalling so far this year 2,6% and 1,9% in the last twelve months.

Friday, November 5th 2004 - 20:00 UTC

US insists with FTAA negotiations.

United States Ambassador in Brazil John Danilovich said in Rio do Janeiro that negotiations for the creation of the Free Trade of the Americas Association, should resume before the end of 2004.

Friday, November 5th 2004 - 20:00 UTC

Penguin News Update.

Headlines:
School kids conquer Usborne; Packed programme for visiting MPs; Fuel prices rise again; Welcoming Multanovskiy; Fixed penalties could end court ordeal for minor traffic offenders; Bonfire Night.

Friday, November 5th 2004 - 20:00 UTC

Rio Group summit pledge help for Haiti and democracy.

Peruvian and Brazilian presidents Alejandro Toledo and Luiz Inacio Lula da Silva inaugurated Thursday in Rio do Janeiro the XVIIIth Rio Group presidential summit which this Friday will release a document pledging support for Haiti, democracy and regional integration.

Friday, November 5th 2004 - 20:00 UTC

UNITAS naval exercise in Uruguayan waters.

Naval units from Argentina, Brazil, Spain, United States and Uruguay will be participating until November 19 in the annual Unitas Atlantic exercises which this year will take place mostly in Uruguayan territorial waters.

Friday, November 5th 2004 - 20:00 UTC

Brazil's embattled defense minister resigns.

The Brazilian government announced Thursday the resignation of Defense Minister Jose Viegas, just two weeks after he was forced to repudiate statements by his own generals defending the repression that took place under the country's 1964-1985 military regime.