The US dollar advanced last week against the Euro following growing expectations that the European Central Bank might cut interest rates, but dropped against the yen given the good news about the Japanese economy.
The Brazilian economy is poised for a robust economic growth in 2004 and much is owed to the sound economic policies of last year, particularly the solid fiscal outturn and the government's commitment to a similar fiscal stance this year, according to the International Monetary Fund's Acting Managing Director Anne Krueger.
Chile signed last Friday the contract for the purchase of four Dutch second hand frigates, an operation involving 350 million US dollars. The first two units are scheduled to arrive in Chile between June and December 2005 and in July 2006 and May 2007 the other two.
Surprised by the seriousness of the Argentine natural gas crisis the Chilean government announced drastic changes in its energy policy which until now was increasingly dependent on imports from Argentina.
In a formal declaration following a meeting of eleven regional leaders last week the Caribbean Community, Caricom, decided not to recognize Haiti's interim government and requested United Nations investigate the ousting of former president Jean Bertrand Aristide.
A category 1 hurricane is building up in the southern coast of Brazil, a development that has taken by surprise the meteorologists from the Miami Hurricanes Centre because it's the first time such a phenomenon occurs in the South Atlantic.
European Union countries will be advancing the time one hour this Sunday early morning as part of the EU policy to save energy.
AFTER seventeen years in business, Stanley Growers and Nurseries continue to go from strength to strength. The brainchild of the Falkland Islands Development Corporation (FIDC), Stanley Growers now produces between one and three tons of salad and vegetables every week. The company also imports two to five tons of produce each week, depending on demand and flights.
The Argentine government decided Thursday evening to rationalize natural gas exports to ensure domestic market supply, according to official sources in Buenos Aires.
Eleven million people, just below half the total Argentine population still live under the poverty line and five million of them are described as living in indigent conditions, according to the latest report from the National Statistics Office.