Mercosur

• Friday, November 26th 2004 - 20:00 UTC

  Warning about Mercosur “institutional weakness”

  “Mercosur institutional weakness is unsustainable and conspires against the results that could be obtained” Uruguay's future Minister of Economy Danilo Astori said this Thursday during a forum on “The challenge of a shared prosperity” in Montevideo.

• Thursday, November 25th 2004 - 20:00 UTC

  Round trip Santiago/Punta Arenas starting at 165 US dollars

  Aerolíneas del Sur, the air carrier that will begin flying to Punta Arenas next December 5 announced this week fares and flight schedules.

• Thursday, November 25th 2004 - 20:00 UTC

  FT demands strong action from IMF against Argentina

  Britain's Financial Times severely criticized Argentina for its current handling of defaulted debt and suggests the IMF “must be prepared to halt new lending”.

• Thursday, November 25th 2004 - 20:00 UTC

  Uruguay ambivalent about South American integration

  Uruguay will not support the creation of a South American Community of Nations, CSN, which is scheduled to be launched next December 9 in Peru.

• Thursday, November 25th 2004 - 20:00 UTC

  Prince Harry cuts short visit to Argentina.

  Twenty year old Prince Harry flew back to London from Buenos Aires Thursday afternoon after the Argentine press revealed he had become a “head ache” for those responsible for his security.

• Thursday, November 25th 2004 - 20:00 UTC

  Brazilian Central Bank anticipates more rate rises

  The Brazilian Central Bank anticipated this Thursday it could accelerate the increase of the country's basic interest SELIC rate if oil prices and domestic inflation prospects keep worsening and annual prices don't keep to target.

• Thursday, November 25th 2004 - 20:00 UTC

  British trade mission visits Mercosur.

  A British trade mission visited Uruguay this week and reached several agreements with a local university and the British Hospital plus encouraging prospects in other areas.

• Thursday, November 25th 2004 - 20:00 UTC

  Argentine Senate approves 2005 budget.

  Early Thursday the Argentine Senate finally approved the 2005 budget which also extends discretionary “super powers” to the Executive with the purpose of redistributing outlays.

• Thursday, November 25th 2004 - 20:00 UTC

  US dollar drops 8% in 45 days against Euro.

  The Euro broke a new record this Thursday reaching 1,3224 to the US dollar which means that since October 13, the greenback has depreciated 8%.

• Thursday, November 25th 2004 - 20:00 UTC

  Chile: Breaking News.

  Headlines:
  Chilean Antarctic affairs under Interior Ministry; British support for Chilean troops headed to Haiti.