Mercosur

• Friday, July 1st 2005 - 21:00 UTC

  LAN Chile purchases 25 Airbus

  Chilean airline Lan, one of South America's leading carriers announced this week the purchase of 25 Airbus for regional and domestic routes, an operation involving 750 million US dollars.

• Friday, July 1st 2005 - 21:00 UTC

  Cape Horn park declared Biosphere Reserve

  The county of Cabo de Hornos (Cape Horn) in Tierra del Fuego, extreme south of Chile, including the Alberto de Agostini National Park was declared this week biosphere reserve by the United Nations Educational, Scientific and Cultural organization, UNESCO.

• Friday, July 1st 2005 - 21:00 UTC

  Bolivia can't agree on Congressional election

  A political agreement to call early Congressional elections next December in Bolivia was frustrated in the Lower House because of the iron opposition from groups that are demanding a previous election of delegates for an assembly to review the constitution.

• Friday, July 1st 2005 - 21:00 UTC

  Argentina and Italy committed to mend relations

  Argentina and Italy agreed Thursday they want to mend a shattered bilateral relationship.
  Argentine Foreign Minister Rafael Bielsa and his Italian counterpart Gianfranco Fini met in Rome.

• Friday, July 1st 2005 - 21:00 UTC

  Paraguayan Lower House rejects privatization

  Paraguay's lower house unanimously rejected a bill passed by the Senate to refloat a program of privatizing state-owned enterprises that was halted three years ago in the face of protests as rekindled this week in the streets of the capital Asuncion

• Thursday, June 30th 2005 - 21:00 UTC

  Chile's unemployment drops to 8,3%

  Chile's national unemployment rate dropped to 8,3% in the March-May quarter, the lowest since the same period in 1998, according to the latest release from the National Statistics Institute.

• Thursday, June 30th 2005 - 21:00 UTC

  UN forecasts 3,25% world economy expansion for 2005

  The world economy is forecasted to expand 3,25% this year compared to 4,1% in 2004 which in itself is “benign”, although it entails certain risks said Jose Antonio Ocampo Deputy Director of the United Nations Economic and Social Affairs Department on presenting a report on the world economy.

• Thursday, June 30th 2005 - 21:00 UTC

  “US recession much closer than imagined”

  The chances of a United States recession or even a decline are closer than imagined warned Bill Gross, an influential financial guru who manages the largest mutual fund in the world with assets of 450 billion US dollars.

• Thursday, June 30th 2005 - 21:00 UTC

  Chile considering an atomic energy plant

  Chile which is considering resorting to nuclear energy, signed Wednesday with Russia an agreement for the peaceful use of atomic energy in the framework of a bilateral cooperation program.

• Thursday, June 30th 2005 - 21:00 UTC

  Uruguay/Spain rift over immigration

  Uruguayan minister of Foreign Affairs Reynaldo Gargano called on his countrymen to treat Spanish residents and visitors “politely” following a controversy with Madrid over the expulsion of Uruguayan immigrants.