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Stories for July 19th 2005

• Tuesday, July 19th 2005 - 21:00 UTC

  Lula admits PT mistakes, which must be corrected

  Brazilian president Lula da Silva ratified that if the Workers Party, --currently involved in a major corruption scandal--, committed mistakes it must open its books to the Brazilian public opinion and say how they will correct them.

• Tuesday, July 19th 2005 - 21:00 UTC

  Chile's Mercosur deficit increased 469% in ten years

  Chile's trade deficit with Mercosur full members, Argentina, Brazil, Paraguay and Uruguay has jumped 469% between 1995 and 2004, from 902 million US dollars to 5.1 billion US dollars by far the country's largest with any trade block.

• Tuesday, July 19th 2005 - 21:00 UTC

  Argentina, Peru and Chile navies powers, “balanced”

  Chile is not involved in an arms race, just replacing old units and by 2008 the navies of Argentina, Peru and Chile “will be quite evenly balanced”, stated Chilean Navy commander Admiral Rodolfo Codina Díaz.

• Tuesday, July 19th 2005 - 21:00 UTC

  Strong expansion of industrial activity and revenue

  Industrial activity in Argentina increased 6,4% during June compared to a year ago accumulating a 7,2% expansion in the first half of the year according to the latest release from the Statistics and Census Office.

• Tuesday, July 19th 2005 - 21:00 UTC

  Positive facts, negative expectations

  Chile registered the lowest country risk rating in Latinamerica with 59 basic points reflecting the excellent moment of the country's economy and government finances.

• Tuesday, July 19th 2005 - 21:00 UTC

  Petrobras signs oil export contract to China

  Brazil's government owned Petrobras announced Monday the signing of a contract for the export to China of 12,000 bpd of crude adding that it expects sales of petroleum products to reach a billion US dollars annually in five years.

• Tuesday, July 19th 2005 - 21:00 UTC

  US travellers to Cuba drops drastically

  The number of United States travellers to Cuba has dropped drastically over the past year reported Monday the Miami press.

• Tuesday, July 19th 2005 - 21:00 UTC

  Argentina bans sales of scrap copper

  Because stealing electricity cables has become so widespread, Argentina decided Monday to suspend for 90 days all exports of scrap copper.

• Tuesday, July 19th 2005 - 21:00 UTC

  Chilean companies resume overseas investments

  Chilean companies overseas investments reached 766 million US dollars in the first half of 2005, which represents a 30% drop compared to the same period in 2004 and a 36% over the second half of 2004.

• Tuesday, July 19th 2005 - 21:00 UTC

  Falklands at Calgary oil conference

  Interest in the Falkland Islands at the biggest worldwide oil exploration conference was down this year; however this has been attributed to increased use of the Mineral Resources Department's website.