Mercosur

• Wednesday, June 25th 2003 - 21:00 UTC

  Brazil adjusts inflation targets.

  Brazilian monetary authorities decided this Tuesday to readjust upwards the inflation target for the coming two years. The 2004 target was increased from 3,75% to 5,5%, with a 2,5% plus/minus tolerance, which means inflation next year will have an 8% ceiling. Similarly the 2005 target was fixed in 4,5% with a plus/minus 2,5%.

• Wednesday, June 25th 2003 - 21:00 UTC

  IMF-Argentina, friends but?

  International Monetary Fund Managing Director Horst Koehler announced in Buenos Aires that the multilateral credit organization was working in a medium term agreement with Argentina.

• Tuesday, June 24th 2003 - 21:00 UTC

  Toledo: Time has come for changes in government.

  Peruvian President Alejandro Toledo said in a speech on Monday that “the time has come” for changes in his administration and that he will be appointing more people with diverse political views.

• Tuesday, June 24th 2003 - 21:00 UTC

  Pinochet accosted on the street.

  A woman claiming to be the sister of a man killed under Chile's 1973-1990 military regime accosted former dictator Augusto Pinochet on a city street Monday, shouting insults and attempting to strike him, the local press reported.

• Tuesday, June 24th 2003 - 21:00 UTC

  IMF chief starts meetings with troubled Argentina

  The head of the International Monetary Fund began talks with Argentina's President Nestor Kirchner on Monday, as the country's new government made a fresh start at pulling the economy out of its debt crisis.

• Tuesday, June 24th 2003 - 21:00 UTC

  IMF chief starts meetings with troubled Argentina

  The head of the International Monetary Fund began talks with Argentina's President Nestor Kirchner on Monday, as the country's new government made a fresh start at pulling the economy out of its debt crisis.

• Monday, June 23rd 2003 - 21:00 UTC

  Top popularity marks for Mr. “K”.

  An overwhelming majority of Argentines have a positive image of President Nestor Kirchner's administration first month in office, and similarly 82% are optimistic about the future of the country according to an opinion poll published this Sunday in the Buenos Aires press.

• Monday, June 23rd 2003 - 21:00 UTC

  Rioting against Chile-South Korea free trade.
  Record crops in Argentina.

  In spite of massive violent protests by farmers in downtown Seoul, the Chilean government is confident that the free trade agreement between South Korea and Chile will be finally approved by the Southeast Asian country Congress.

• Sunday, June 22nd 2003 - 21:00 UTC

  Koehler arrives
  in Argentina

  International Monetary Fund Managing Director Horst Koehler will be arriving in Buenos Aires next Monday morning, where a long agenda of interviews and contacts awaits him plus a lot of convincing.

• Sunday, June 22nd 2003 - 21:00 UTC

  Another Fed interest rate cut?

  The United Stated Federal Reserve concerned with the slow growth rate of the US economy could reduce interest rates further this coming week when the Open Monetary Committee meets again, reports The Washington Post.