Stories for May 12th 2005

Thursday, May 12th 2005 - 21:00 UTC

FCO: no surprises in EU constitution

In a brief release the United Kingdom Embassy in Brazil pointed out Wednesday that references to the Falkland Islands as a British Overseas Territory in the European Constitution are expressed in identical terms to those in European Union treaties since Britain joined in 1971.

Thursday, May 12th 2005 - 21:00 UTC

Latinamerica trade surplus with US grows 14,7%

Latinamerica and the Caribbean countries trade surplus with United States increased 14,7% in March reaching 8,36 billion US dollars, reported Wednesday the US Commerce Department.

Thursday, May 12th 2005 - 21:00 UTC

Brazil's inflation surges in April

Brazil's consumer price index rose a 0.87% in April the highest monthly rate since last July (0,91%) according to the latest release from the Brazilian Institute of Geography and Statistics, IBGE. Last March the index increased 0.61%.

Thursday, May 12th 2005 - 21:00 UTC

Bolivia on the verge of another major crisis

Powerful Bolivian Indian leader Evo Morales rejected Wednesday President Carlos Mesa call for a consensus, insisting that his party will press for the immediate implementation of the Hydrocarbons bill which significantly hikes royalties and taxes for foreign oil and gas companies operating in the country.

Thursday, May 12th 2005 - 21:00 UTC

Lan Argentina begins operations June 8

Lan Argentina, affiliate of Lan Chile will begin operations next June 8 with regular flights between Buenos Aires and Cordoba and Mendoza, reported the company Wednesday in Buenos Aires.

Thursday, May 12th 2005 - 21:00 UTC

Desire Petroleum finds five more prospects

Following recent interpretation of 3D seismic data Desire Petroleum has found five more prospects in the South Atlantic North Falklands Basin, reported Thursday RNS, the London Stock Exchange news service.

Thursday, May 12th 2005 - 21:00 UTC

ALADI concerned with Falklands EU inclusion

The inclusion of the Falkland Islands, South Georgia and South Sandwich islands in the European Union constitutional treaty is of “great concern” to the Latin American Integration Association, ALADI.

Thursday, May 12th 2005 - 21:00 UTC

Central American leaders lobby US for trade deal

The leaders of all five Central American countries as well as the Dominican Republic visited Thursday the White House in a show of strength intended to revive the ailing efforts by the administration of President George W. Bush to push a controversial trade agreement through Congress.

Thursday, May 12th 2005 - 21:00 UTC

Argentina discussing new conditions with IMF

Argentina requested the International Monetary Fund, IMF, an extension of repurchase expectations for this year, revealed IMF's spokesperson Thomas Dawson.