Mercosur

• Thursday, June 3rd 2004 - 21:00 UTC

  Breaking News.

  Headlines:
  British scientific vessel in Punta Arenas
  Magellan Strait oil spill under control.

• Thursday, June 3rd 2004 - 21:00 UTC

  Private Bondholders reject Argentine offer

  The Global Committee of Argentine Bondholders; GCAB, said this Wednesday they were “extremely disappointed” with the latest restructuring offer to private creditors officially announced by Argentina last Tuesday.

• Thursday, June 3rd 2004 - 21:00 UTC

  Lula da Silva prepares for October elections

  The Brazilian government announced a 1,3 billion US dollars support package for Brazilian media

• Thursday, June 3rd 2004 - 21:00 UTC

  Decisive week for Venezuela and President

  The Venezuelan Supreme Court is debating whether President Hugo Chavez could stand for election if his current term of office is cut short by an eventual recall referendum, the tribunal's chief said Wednesday

• 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.