Stories for June 25th 2007

Monday, June 25th 2007 - 21:00 UTC
Mercosur Paraguay summit centers on Chavez' attitudes

A pilot experience between Argentina and Brazil regarding trade in local currency, reduction of asymmetries between senior and junior members and the official creation of the Bank of the South figure in the agenda for this week's Mercosur summit in Paraguay.
Monday, June 25th 2007 - 21:00 UTC
Uruguayan croaker fleet idle because of labor dispute

Most of the Uruguayan fishing fleet is idle because of a two months labor dispute and has hit particularly hard the export of Atlantic croaker which is a shared resource with Argentina.
Monday, June 25th 2007 - 21:00 UTC
World Bank Executive Directors confirm Zoellick president

The World Bank executive directors met on Monday and approved Robert Zoellick to succeed Paul Wolfowitz as the next president of the 185-country development multilateral organization.
Monday, June 25th 2007 - 21:00 UTC
Argentina's inflation record controversy to be aired in Congress

In all Argentine cities with a local index measuring the evolution of retail prices, inflation last May was double that registered in the capital Buenos Aires, reported Monday the National Statistics and Census Office, Indec.
Monday, June 25th 2007 - 21:00 UTC
Freezing temperatures strain Santiago's energy resources

Santiago natural gas supplier Metrogas put its emergency plan into action on Monday, following last weekend's record high natural gas consumption in the Metropolitan Region.
The cold front currently affecting Chile has caused the unusually high energy demand; the months of May and June have been the coldest the country has seen for the past 20 years.
Monday, June 25th 2007 - 21:00 UTC
International banks forecast slower growth in Argentina

Economic activity in Argentina is forecasted to moderate in the second half of this year and in 2008 as investment decelerates in spite of strong domestic demand and overseas favorable conditions, according to the International Institute of Finance, (IIF) the lobby representing the world?s largest banks.
Monday, June 25th 2007 - 21:00 UTC
Dramatic drop in Magallanes Region poverty levels

Although Magallanes Region in the extreme south of Chile has witnessed a significant drop in poverty and indigence rates, there are still some worrisome pockets, according to the latest Socioeconomic Characterization Poll, CASEN, released last week.
Monday, June 25th 2007 - 21:00 UTC
Argentina's fisheries exports' volume drops 20% in five months

During the first five months of 2007, Argentina exported 214,373 tonnes of fish and shellfish worth 411.3 million US dollars which represents a 20% drop in export volume compared to the same period of 2006, according to statistics from the National Service of Health and Agro-Foods, Senasa.