MercoPress. South Atlantic News Agency
Stories for 2004
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Tuesday, August 31st 2004 - 21:00 UTC
Financial crisis cost Argentine Treasury 28 billion
Abandoning the exchange rate fixed parity policy of one US dollar equivalent to one Argentine peso in January 2002 cost Argentina an additional 28,184 billion US dollars in sovereign debt according to the latest release from the Finance Ministry.
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Tuesday, August 31st 2004 - 21:00 UTC
Joint naval exercises in Beagle channel.
Chilean and Argentine naval units begin this Wednesday the annual Viekaren VI2004 exercise which involves search and rescue operations in Antarctic waters in preparation for the coming Antarctic season.
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Tuesday, August 31st 2004 - 21:00 UTC
IMF Rato's visit to Argentina: “short and productive”
The International Monetary Fund and Argentina will resume discussions “once we have had a chance to assess the outcome of the debt restructuring and the continued further work on the structural issues”, according to a short release from the IMF following Managing Director Rodrigo de Rato “short and productive” visit to Buenos Aires this Tuesday.
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Monday, August 30th 2004 - 21:00 UTC
35,5 million US citizens below poverty line.
In spite of clear signals of economic recovery the number of poor people in the United States increased 1,3 million during 2003, reaching 35,9 million, according to the latest official data from the US Census Bureau.
Children and the black population seem to be the most vulnerable. -
Monday, August 30th 2004 - 21:00 UTC
Unemployment remains stubbornly high.
Unemployment in Chile during the May-July quarter reached 9,7%, a tenth of a point above the April-June quarter and six tenths higher than in the same period a year ago.
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Monday, August 30th 2004 - 21:00 UTC
Record private credit for Chilean salmon farming
Cultivos Marino Chiloé one of the top ten salmon farming industries in Chile managed to obtain a record syndicated loan of 61 million US dollars. The operation is considered a turning point for the industry which for the last twenty years has had private credit access difficulties.
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Monday, August 30th 2004 - 21:00 UTC
Magallanes after NZ tourism know-how.
Nine tourism businessmen from Magallanes Region will be travelling to New Zealand for a two weeks market research and learning experience this week.
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Monday, August 30th 2004 - 21:00 UTC
Falklands in Chilean cruise company itinerary.
A Chilean cruise company that begins operating next October from Punta Arenas has included Falkland Islands, South Georgia, South Shetland and Antarctica among its several options for this coming season.
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Monday, August 30th 2004 - 21:00 UTC
Athens bids Games farewell.
The Olympic flame was extinguished just before 11 p.m. Sunday night in Athens, bringing to a close the 2004 Summer Games.
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Monday, August 30th 2004 - 21:00 UTC
IMF praises Uruguayan “faster than expected recovery”.
The Executive Board of the International Monetary Fund (IMF) completed last Friday the fifth review under the SDR 2.13 billion (US$3.1 billion) Stand-By Arrangement (SBA) for Uruguay which makes available immediately SDR 139.8 million (about US$204 million).
