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Stories for March 2005

• Thursday, March 17th 2005 - 21:00 UTC

  OAS elects Secretary General April 7

  The Permanent Council of the Organization of American States, OAS, decided this Wednesday to call an extraordinary General Assembly next April 7 when the new Secretary General will be nominated.

• Thursday, March 17th 2005 - 21:00 UTC

  Hardliner nominated as World Bank president

  US president George Bush has nominated US Deputy Defence Secretary Paul Wolfowitz as president of the World Bank.

• Thursday, March 17th 2005 - 21:00 UTC

  Oil hits new record in spite of OPEC announcement

  Texas crude reached a new record high of 56,40 US dollars per barrel Wednesday in spite of OPEC having announced a 2% increase in oil supplies equivalent to an additional 500,000 barrels to the 27,65 million bpd it's currently pumping.

• Thursday, March 17th 2005 - 21:00 UTC

  Mr. Rato's “advises are not necessary”

  Argentine president Nestor Kirchner publicly stated Wednesday that International Monetary Fund Managing Director Rodrigo de Rato “advises are not necessary”.

• Thursday, March 17th 2005 - 21:00 UTC

  Unyielding Bolivia polarized between Mesa and Morales.

  Bolivia was again on the verge of political uncertainty following President Carlos Mesa decision to send Congress a bill advancing national elections and anticipating he would veto a hydrocarbons bill approved by the Legislative branch.

• Thursday, March 17th 2005 - 21:00 UTC

  Southern Winds declares bankruptcy.

  Argentine airline Southern Winds yesterday filed for bankruptcy protection with Commercial Court 15, according to the court's Web site.

• Wednesday, March 16th 2005 - 21:00 UTC

  IMF demands from Argentina respect for investors.

  The International Monetary Fund Managing Director Rodrigo de Rato demanded from Argentina respect for foreign investment following President Nestor Kirchner's national boycott proposal against oil corporation Shell.

• Wednesday, March 16th 2005 - 21:00 UTC

  New elections proposed to solve Bolivian crisis

  Bolivian President Carlos Mesa in a dramatic appeal on national television Tuesday night announced he would propose Congress advancing elections as the only possible mechanism to put an end to the ongoing social-political crisis that threatens to engulf the country in a blood bath.

• Wednesday, March 16th 2005 - 21:00 UTC

  Steep growth of foreign investment

  Foreign investments grew a steep 44 percent in Latin America and the Caribbean in 2004, reaching a record $56.4 billion, a United Nations agency reported yesterday.

• Wednesday, March 16th 2005 - 21:00 UTC

  EU's Mandelson hopes Mercosur talks to resume in May.

  The European Union hopes to resume stalled talks that aim at setting up a free trade agreement with South American trade bloc Mercosur by May at the latest, EU Trade Commissioner Peter Mandelson said yesterday.