Mercosur

• Tuesday, April 19th 2005 - 21:00 UTC

  OPEC promises more oil supply in May

  Oil Petroleum Exporting Countries, OPEC, will possibly postpone the formal increase of production quotas until June' meeting but will expand supply in May anticipated the cartel's president.

• Tuesday, April 19th 2005 - 21:00 UTC

  Benedict XVI: doctrinal hard-liner or conciliator?

  Cardinal Joseph Ratzinger of Germany, the Roman Catholic Church's doctrinal hard-liner, was elected pope Tuesday in the first conclave of the new millennium. He chose the name Benedict XVI and called himself “a simple, humble worker.”

• Tuesday, April 19th 2005 - 21:00 UTC

  Petrobras plans to drill offshore Mar del Plata.

  Petrobras, the Brazilian government owned oil company will be investing 1,5 billion US dollars searching for hydrocarbons offshore Mar del Plata in Argentina.

• Tuesday, April 19th 2005 - 21:00 UTC

  Sterling surges but eyes are set on the renminbi

  The British currency continued to surge Tuesday following an unexpected rise in March inflation anticipating the possibility of further interest rates hike by the Bank of England.

• Monday, April 18th 2005 - 21:00 UTC

  G-7 ask China, and Asian nations, to revalue currencies

  The G-7 meeting of Finance Ministers and Central Bank presidents in Washington considering actions to reduce global economic imbalances, have asked China and other Asian nations to adopt a more flexible currency system.

• Monday, April 18th 2005 - 21:00 UTC

  Giant iceberg changes Antarctic geography

  One of the largest icebergs ever seen and drifting in Antarctica, B-15A last week broke a five kilometres piece of the continent after colliding with the Drygalski ice tongue, forcing the redrafting of Antarctic maps.

• Sunday, April 17th 2005 - 21:00 UTC

  Uruguayan Navy incorporates support vessel

  The Uruguayan Navy officially incorporated this week a former German multi purpose support vessel which was refurbished in Wilhelmshaven and is expected to arrive in Montevideo at the end of the month.

• Sunday, April 17th 2005 - 21:00 UTC

  Preparing for the Arab-South American summit

  The organization of the coming summit between leaders from Arab countries and South America scheduled to be held in Brazil was the main issue in the Arab League's chairman Amr Mussa visit to Brazil.

• Sunday, April 17th 2005 - 21:00 UTC

  Ecuadorian president lifts state of emergency

  Ecuadorian President Lucio Gutierrez on Saturday lifted the state of emergency that he had imposed on Quito's metropolitan area not 20 hours earlier.

• Sunday, April 17th 2005 - 21:00 UTC

  G7 urges Argentina to re-negotiate debt

  “Following the debt exchange, Argentina needs to address the remaining defaulted debt, in line with the lending-into-arrears policy of the IMF, and undertake structural reforms to ensure sustainable growth,” the G7 said in a statement signed by its financial officials after a meeting in Washington.