Mercosur

• Sunday, December 15th 2002 - 20:00 UTC

  Lula names key posts

  Elected Brazilian president Luiz Inacio Lula da Silva relieved markets when he officially announced the nomination of Deputy Henrique Meirelles, belonging to outgoing president Fernando Cardoso party and a former extremely successful CEO of Bank Boston, as the country's next president of the Central Bank.

• Saturday, December 14th 2002 - 20:00 UTC

  Venezuela requests special meeting of OAS foreign ministers

  Venezuelan President Hugo Chavez said Friday that his administration has asked for a special meeting of Organization of American States (OAS) foreign minister to denounce what the president labeled “another coup attempt.” ”My government has requested an extraordinary meeting of OAS foreign ministers to denounce with evidence, videos (and) documents, the running roughshod over the Venezuelan people and another coup attempt,” Chavez said in an impromptu press conference.

• Saturday, December 14th 2002 - 20:00 UTC

  Argentina Says to Default Again on World Bank Debt

  Argentina's government said it would default on more than $700 million due to the World Bank on Friday, a second missed payment that cuts the bankrupt country off from any aid from the bank.

• Friday, December 13th 2002 - 20:00 UTC

  Argentine court blocks utility hikes

  The Argentine judiciary issued an injunction Thursday blocking increases in gas and electricity rates imposed last month by presidential decree, court sources reported.

• Thursday, December 12th 2002 - 20:00 UTC

  Breaking News

  Headlines: Köhler in Chile; “Aninat's party”; Free trade agreement breakthrough; US interest rates unchanged; US interest rates unchanged; A meeting “beyond expectations”; Red tide alert in Argentina; Menem-Duhalde truce?

• Tuesday, December 10th 2002 - 20:00 UTC

  New offshore oil deposit in Brazil

  Brazilian oil company Petrobras made a new discovery in the Campos Basin this time 76 kilometres offshore the state of Spirito Santo just to the north of Rio do Janeiro. The new well 1-EES-116 was drilled seven kilometres from the Jubarte area that has proved reserves of 600 million barrels of oil.

• Tuesday, December 10th 2002 - 20:00 UTC

  Main Street-Wall Street team

  According to reports in the leading US newspapers Monday edition, President George Bush has appointed John Snow from the freight transportation business as the new Treasury Secretary. Mr. Snow will replace Mr. Paul O'Neill who resigned last week together with White House Economic Advisor Lawrence Lindsay.

• Tuesday, December 10th 2002 - 20:00 UTC

  Latinamerica News

  Headlines: Close friend of Wall Street in Argentina's Central Bank; Highest unemployment in two decades; Free trade talks remain locked; Chavez willing to talk elections; Mr. Lula in the White House.

• Monday, December 9th 2002 - 20:00 UTC

  Breaking News

  Headlines: Negative inflation in Chile; Critical trade talks with US; “True leader of the XXI century”; Brazilian economy recovering.

• Monday, December 9th 2002 - 20:00 UTC

  Fisheries News

  Headlines: EU preferential tariffs for Argentina; Red tide ban on Patagonian bivalves; Chile approves new fisheries law;Research vessel project for Patagonian shrimp fishery; Illegal fishing in southern Brazil; Industry and legislators locked in dispute; Russia seeks renewal of agreement; Shrimp exports face US anti-dumping campaign