Mercosur

• Wednesday, June 2nd 2004 - 21:00 UTC

  Oil shoots above $42 per barrel in New York

  Oil prices this Tuesday, reacting to the weekend attacks in Saudi Arabia, rose sharply in New York and London reaching a record 42,33 US dollars per barrel, 2,45 US dollars more than last Friday.

• Wednesday, June 2nd 2004 - 21:00 UTC

  Colombian president Uribe's reelection advances

  A majority of Colombians would vote to give President Alvaro Uribe a second four-year term if the constitution were reformed to allow re-election, according to a poll released Tuesday in Bogotá.

• Wednesday, June 2nd 2004 - 21:00 UTC

  Record trade surplus in Brazil

  Brazil's foreign trade keeps breaking records. Last May trade surplus reached 3,118 billion US dollars, the highest ever for a month with exports totaling 7,927 billion US dollars and imports 4, 823 billion US dollars.

• Wednesday, June 2nd 2004 - 21:00 UTC

  Brazil optimistic with next oil licencing round

  The strong international demand and prices for oil should boost corporations interest for the next Brazilian oil licencing round scheduled August 17/18, said Sebastiao do Rego Barros, CEO of the country's National Petroleum Agency, ANP.

• Wednesday, June 2nd 2004 - 21:00 UTC

  Argentina 's new offer to defaulted bond holders

  Argentina presented this Tuesday a new private debt restructuring offer which includes repayment of accrued (defaulted) interests and the issuing of bonds linked to economic growth, but the controversial 75% capital cut (acquittance) originally proposed, stands

• Tuesday, June 1st 2004 - 21:00 UTC

  Top marks for Kirchner and Uribe

  Argentina's Nestor Kirchner and Colombia's Alvaro Uribe are the Latinamerican presidents with the best performance record in 2004 according to the latest opinion poll from the Ibero-American Governance Barometer which covers 17 countries.

• Tuesday, June 1st 2004 - 21:00 UTC

  Decisive week for Kirchner and bondholders

  Argentine president Nestor Kirchner returned this Monday to his office in Casa Rosada after suffering a strong strain of influenza that kept him away for several days including his participation in the European Union-Latinamerican summit in Mexico.

• Tuesday, June 1st 2004 - 21:00 UTC

  And next December, “Samba 01”

  Brazil's presidential Air Force One to be delivered next December will be equipped with a sophisticated communications and security system and a presidential desk that will enable the Brazilian head of government to rule from the air.

• Tuesday, June 1st 2004 - 21:00 UTC

  Brazil businessmen expect higher inflation

  Brazil's financial markets expect the annual inflation target to advance from 6,36% to 6,50% following the latest data about retail and wholesale price indexes, according to a poll among the country's main one hundred companies and published by Focus from the Central Bank.

• Tuesday, June 1st 2004 - 21:00 UTC

  Aerolineas Argentinas expansion program

  Aerolíneas Argentinas, now Spanish owned, will be investing 558 million US dollars in the next five years to renew its fleet, vice-president Jose Maria Llodrá announced in Buenos Aires.