Mercosur

• Sunday, September 25th 2005 - 21:00 UTC

  China makes technical adjustment to floating Yuan

  China made a technical adjustment Friday to its currency trading rules two months after it revalued the yuan for the first time in a decade.

• Sunday, September 25th 2005 - 21:00 UTC

  Argentina demands respect for its economic program

  Economy minister Roberto Lavagna said Friday in Washington that Argentina is ready to work with multilateral credit organizations as long as the current economic program which is being implemented is respected.

• Sunday, September 25th 2005 - 21:00 UTC

  Dirceu involves Lula da Silva in bribes scandal

  Brazilian President Luiz Inacio Lula da Silva bears is partly responsible for the corruption crisis hammering the ruling Workers Party, PT, said former chief of staff Jose Dirceu in an interview published Sunday.

• Sunday, September 25th 2005 - 21:00 UTC

  US denies setting up military base in Paraguay

  The United States Embassy in Asunción has denied an allegation which caused concern in Mercosur that Washington was planning to set up a military base in Paraguay.

• Friday, September 23rd 2005 - 21:00 UTC

  Brazil oil self-sufficient by end of 2005, says Petrobras

  Brazilian petroleum output should be enough by the end of 2005 to meet the country's demand reported in Brasilia Jose Sergio Gabrielli, CEO of Petrobras, Brazil's government owned oil corporation.

• Friday, September 23rd 2005 - 21:00 UTC

  “Paraguay is not thinking of leaving Mercosur”

  Paraguay is not thinking of leaving Mercosur and “we don't exchange security for free trade”, said Paraguayan Foreign Affairs Minister Leila Rachid, thus rejecting growing concerns in the trade block that it was about to loose one of its members.

• Thursday, September 22nd 2005 - 21:00 UTC

  IMF forecasts “volatile inflation and elastic recovery”

  Inflation in Latinamerica will probably remain volatile as a consequence of changes in commodities prices, said Wednesday the International Monetary Fund in its annual World Economic Outlook. Nevertheless IMF estimates Latinamerica will expand 4,1% this year and forecasts 3,8% in 2006.

• Thursday, September 22nd 2005 - 21:00 UTC

  In spite of Katrina, US growth still “solid” says IMF

  United States will suffer the bash from hurricane Katrina in growth terms but will recover. However the real estate boom, the surge in energy prices and financial misbalances are major risks, warns the IMF in its half year World Economic Report.

• Thursday, September 22nd 2005 - 21:00 UTC

  Oil supply and market efficiency in G7 agenda

  The Group of Seven most industrialized countries, G7, will be discussing Friday and over the weekend supply and oil market efficiency revealed Tim Adams, United States Treasury Under Secretary for International Affairs.

• Thursday, September 22nd 2005 - 21:00 UTC

  Brazil's Lower House speaker resigns

  The speaker of Brazil's lower house resigned Wednesday his post and seat in Congress faced with growing claims of corruption, which he denied to the bitter end.