MercoPress. South Atlantic News Agency
Stories for June 2005
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Thursday, June 2nd 2005 - 21:00 UTC
ECB keeps interest rates unchanged at 2%
The Governing Council of the European Central Bank decided Thursday to keep basic interest rates in the Euro zone unchanged at 2% given the moderate growth performance of the economy and the fact domestic inflationary pressures remain contained in the medium term.
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Thursday, June 2nd 2005 - 21:00 UTC
S&P upgrades Argentina's debt rating
Standard & Poor's, the credit-rating agency upgraded Argentina's long-term debt rating to a B- with a stable outlook, up from SD, or selective default, a sign the country is mending its relationship with international markets after declaring a record default in December 2001
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Thursday, June 2nd 2005 - 21:00 UTC
Repsol-YPF targets exploration in South Atlantic
Repsol-YPF CEO Antonio Brufau said the company is planning to invest 6,5 billion US dollars in Argentina in the next five years, 74% of which in exploration and production of oil and natural gas both inland and offshore.
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Wednesday, June 1st 2005 - 21:00 UTC
Consumer prices still increasing in Brazil
Brazil's Market Prices General Index, IGP-M with a strong incidence of wholesale prices, contracted 0,22% in May after having expanded 0,86% in April according to the latest release from the Getulio Vargas Foundation, FGV.
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Wednesday, June 1st 2005 - 21:00 UTC
Secret Task Force sent to defend Falklands in 1977
Details of how a mini-Royal Navy task force was secretly despatched to the Falklands to defend the islands from Argentinian attack are revealed in documents made public for the first time yesterday.
