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Stories for December 20th 2004

• Monday, December 20th 2004 - 20:00 UTC

  Bush: Federal Reserve propping US dollar.

  United States president George Bush said it was up to the markets to establish the value relation between the US dollar and the Euro, adding that the recent rise in interests by the Federal Reserve was an indication that “the US is concerned with the weak dollar” and “this administration supports a strong dollar”.

• Monday, December 20th 2004 - 20:00 UTC

  Chilean OAS candidate gains ground.

  The Chilean candidate for the post of Secretary General of the Organization of American States, OAS, Jose Miguel Insulza has managed the support from three decisive South American countries, Brazil, Argentina and Venezuela.

• Monday, December 20th 2004 - 20:00 UTC

  Full marks for Latinamerica economic report

  For the first time in several years Latinamerica economic report will be positive with a 5,5% expansion in 2004, the highest in two decades since the 6% of 1980.

• Monday, December 20th 2004 - 20:00 UTC

  Mexicans abroad send 14 billion US dollars back home.

  Remittances from Mexicans living abroad, mainly from United States, support more than 1.4 million households in Mexico.

• Monday, December 20th 2004 - 20:00 UTC

  Chile can apply punitive tariffs to US.

  The World Trade Organization gave Chile authorization to impose punitive duties on US exports because of Washington's failure to repeal the so-called Byrd amendment that has helped the US steel industry.

• Monday, December 20th 2004 - 20:00 UTC

  Trade disputes between Argentina and Brazil

  Nine Latin American presidents renewed in Brazil their pledge for economic cooperation, despite enduring disputes and tariff barriers between Argentina and Brazil

• Monday, December 20th 2004 - 20:00 UTC

  Bank of New York named Argentina's debt agent

  The Argentine government reappointed the Bank of New York as the clearance and settlement agent for its mammoth restructuring of $102.6 billion in defaulted debt, the Economy Ministry said in a statement last Friday.

• Monday, December 20th 2004 - 20:00 UTC

  Chile: Breaking News.

  Headlines:
  Commercial exploitation of kelp; Long term Chilean Antarctic planning; Magallanes eolian digital map.

• Monday, December 20th 2004 - 20:00 UTC

  Argentine dairy giant invests in Uruguay

  One of Argentina's main dairy cooperatives will invest six million US dollars in setting up a plant in Uruguay, its first overseas experience.

• Monday, December 20th 2004 - 20:00 UTC

  Mercosur estimates 100 million tons soybean crop

  Mercosur is rapidly becoming the world's main supplier of soybeans and the combined plantation of the four country members could be indicating a new production record of 100 million tons in the 2004/05 season.