Mercosur

• 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.

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

  Nicaragua announces plan for Pacific/Caribbean waterway

  Nicaragua announced Wednesday plans to build a waterway linking the Pacific and Atlantic that would carry bigger ships than the existing Panama Canal.

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

  ECB ups basic rate to 3.25%, highest in five years

  The European Central Bank increased on Thursday the basic interest rate of the Euro zone by 25 points to 3.25%, the highest in five years. This was the fifth time rates have been increased since last December.

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

  Bolivian miners clash with dynamite: 12 dead

  At least 12 people were killed and 57 seriously injured in Bolivia during an ongoing battle between different groups of miners for the control of a government owned tin mine in the region of Oruro.