Mercosur

• Saturday, October 7th 2006 - 21:00 UTC

  Argentina to appeal Chilean safeguard tariff on dairy exports

  Argentine dairy farmers will appeal the Chilean decision to impose a 23% safeguard tariff until next December on Argentine milk and cheese imports. Chilean farmers claim Argentina is involved in “disloyal competition” practices which have helped boost dairy exports several times.

• Saturday, October 7th 2006 - 21:00 UTC

  Final week for Ecuador's presidential race

  Former Economy minister Rafael Correa is the clear frontrunner in Ecuador's October 15 presidential race with 37% of respondents, --up 11 points since September--, supporting the Alliance Country (AP) candidate, according to a public opinion poll released by Cedatos/Gallup.

• Saturday, October 7th 2006 - 21:00 UTC

  Brazil's Lula sprints for the run off with eight points lead

  Brazilian president Luiz Inacio Lula da Silva launched his run off presidential campaign leading his opponent Geraldo Alckmin by eight points according to the latest public opinion polls released Saturday

• Friday, October 6th 2006 - 21:00 UTC

  China and Latinamerican growing links

  The accumulated investment of Latinamerican companies in China reached 56.9 billion US dollars at the end of last year according to data released by the official news agency Xinhua in Beijing.

• Friday, October 6th 2006 - 21:00 UTC

  Petrobras confirms light crude in Santos Basin

  Brazilian government owned oil giant Petrobras confirmed this week the existence of light crude and natural gas deposits in the Santos Basin, 280 kilometers offshore Rio do Janeiro, located under a thick layer of salt at a depth of 2.140 meters.

• Friday, October 6th 2006 - 21:00 UTC

  I falsify, you falsify, we all falsify?

  European Union business organizations claimed Thursday Argentina, Brazil, Chile and Paraguay were among the countries most involved in falsifying trade marks and manufacturing falsified products.

• Friday, October 6th 2006 - 21:00 UTC

  White House agrees with Fed's growth slowdown forecast

  The United States economy will experience a slight slow down as the once-surging housing market cools but overall growth will soon bounce back, White House economic adviser Al Hubbard said on Thursday.

• Friday, October 6th 2006 - 21:00 UTC

  OPEC divided over a formal cut of oil output

  Oil prices settled above 60 US dollars a barrel Thursday on expectations that OPEC would soon cut its output in “a million barrels per day”, though much will depend on what attitude Saudi Arabia adopts.

• Thursday, October 5th 2006 - 21:00 UTC

  Fed warns about US inflation and housing slowdown

  Federal Reserve chairman Ben Bernanke said Wednesday inflation in United Sates is still too high and anticipated a substantial correction in the housing market.

• Thursday, October 5th 2006 - 21:00 UTC

  Open societies and the former Soviet Union example

  The collapse of a closed system (or a totalitarian regime) does not automatically lead to an open society,” George Soros, the internationally renowned investor and philanthropist told an international audience at the Organization of American States (OAS) meeting Wednesday in Managua.