Mercosur

• Wednesday, March 3rd 2004 - 21:00 UTC

  Greenspan warns about Chinese financial fragility

  The Chinese financial system is currently weak and the abrupt disengagement of the flotation system pegged to the US dollar could worsen the situation warned US Federal Reserve Chairman Alan Greenspan in a letter to the Banking Affairs Committee of the US Senate.

• Wednesday, March 3rd 2004 - 21:00 UTC

  Weak dollar will eventually correct misbalance

  US Federal Reserve Chairman Alan Greenspan said that a weaker dollar will eventually help reduce the US growing trade deficit and again warned about the risks of “growing protectionism” for the flexibility of the world economy.

• Wednesday, March 3rd 2004 - 21:00 UTC

  Kirchner: Argentina urgently needs “world reinsertion”

  Argentine President Nestor Kirchner in his March 1st speech to Congress said Argentina urgently needs to reinsert itself in the globalized world and occupy its own place, balanced and dignified, acting in a credible and reliable manner.

• Wednesday, March 3rd 2004 - 21:00 UTC

  Argentina arrests Korean jigger poaching

  A Korean jigger allegedly illegally operating in Argentine waters was arrested this Tuesday by an Argentine Coast Guard unit, according to an official report.

• Tuesday, March 2nd 2004 - 21:00 UTC

  Chilean UN peace forces to Haiti

  Chile will send 270 servicemen to help keep the peace and restore democracy in Haiti, Chilean President Ricardo Lagos announced Monday.

• Tuesday, March 2nd 2004 - 21:00 UTC

  Hotel construction boom in Argentina

  Ninety projects for the construction of new or refurbished hotels to be inaugurated in the next two years and involving over 250 million US dollars have been registered in the Argentine Tourist Office.

• Tuesday, March 2nd 2004 - 21:00 UTC

  Peru warns about an arms race in the Pacific

  Peruvian and Chilean officials will be meeting in Santiago this Tuesday to address defence expenditure issues which are souring relations between the two Pacific neighbours.

• Tuesday, March 2nd 2004 - 21:00 UTC

  IMF “not willing” to reschedule Argentina's repayments.

  The IMF is not willing to extend the repayments timetable of the current stand by agreement with Argentina as was requested by Argentine Economy Minister Roberto Lavagna during his latest visit to Washington.

• Tuesday, March 2nd 2004 - 21:00 UTC

  Miami pushing to become seat of FTAA Secretariat

  Miami, which is competing with ten other cities to become the permanent seat of the Free Trade Area of the Americas, FTAA, Secretariat, officially presented this Monday its proposal.

• Tuesday, March 2nd 2004 - 21:00 UTC

  Koehler anticipates new IMF approach

  IMF Managing Director General Horst Koehler admitted in Brasilia that the multilateral institution needs to reformulate its approach towards Latinamerica.