Education and fuel prices pushed the March retail prices index in Chile to 1,2%, and the accumulated inflation of the last twelve months to 4,5%, the highest since 1991.
Chilean president Ricardo Lagos proposed a renowned independent economist with international experience, Vittorio Corbo, as Central Bank Councillor, the first step to nominate the next president of the institution following Mr. Carlos Massad resignation that becomes effective May 1.
Argentine caretaker president Eduardo Duhalde abandoned his so far impartial and distant stand and openly campaigned for Néstor Kirchner, presidential candidate for the coming April 27 election.
After three months in office, leftist President Luiz Inacio Lula da Silva enjoys widespread popularity, according to a opinion poll released Wednesday.
Venezuela is resuming shipments of unleaded gasoline from the Paraguana refinery complex, with a first U.S.-bound ship currently being loaded
Carlos Massad, Chile's Central Bank president resigned this Monday following a string of financial scandals involving the stealing of privileged information from his office by unfaithful dependents.
European Union-Mercosur trade negotiations are on track according to the timetable agreed in Rio do Janeiro last August, and the recent Athens EU ministerial meeting ratified political support to the talks, said Pascal Lamy, EU Trade Commissioner currently visiting Mercosur member countries.
Headlines: Argentina recovering beef markets; IMF cuts growth forecast; Bomb damages courthouse in southern Chile.
With just over three weeks for the coming Argentine presidential election next April 27, governor Néstor Kirchner leads in the polls with 21,2%, and for the first time since the campaign began a candidate managed to cross the psychological 20% threshold according to the latest Ipsos Mora y Araujo poll published last Sunday in La Nación.
Brazilian president Luiz Inacio Lula da Silva sent a letter to the three partners of Mercosur, Argentina, Paraguay and Uruguay, calling them to maintain unity, and convergence in trade negotiations. In exchange Brazil commits itself to eliminate trade barriers inside the block.