Mercosur

• Monday, December 30th 2002 - 20:00 UTC

  Argentina world's “worst” stock market

  Argentina has been described as the world's worst performing stock market in the British media. British investors lost 62 pence in every pound invested in the Argentine stock market, which fell by over 61 per cent in what the London Times newspaper calls “economic meltdown”. This was nearly twice as bad as the second worst performing stock market ? Germany, which lost 38 per cent of its value.

• Monday, December 30th 2002 - 20:00 UTC

  Duhalde thanks aides for saving Argentina from “anarchy”

  President Eduardo Duhalde on Monday thanked his ministers for helping to stem over the past year a social, political and economic crisis that took Argentina “only a step away from anarchy.” “One year ago, when we assumed power, the country was just a step away from anarchy, with clashes among Argentines,” Duhalde said at a meeting of some 450 government officials at the Olivos presidential residence.

• Saturday, December 28th 2002 - 20:00 UTC

  Uruguay pledges strict adherence to debt payments

  Uruguay will “strictly” comply with its foreign debt obligations in 2003, Economy and Finance Minister Alejandro Atchugarry said Friday.

• Friday, December 27th 2002 - 20:00 UTC

  Argentina expects record tourist season

  Argentina is expecting record numbers of tourists during the Southern Hemisphere's summer season, officials said Thursday.

• Wednesday, December 25th 2002 - 20:00 UTC

  Beaking News

  Headlines: Argentine Central Bank halts dollar transactions; Foreign investment in Chile down 62 percent; Venezuelan strike pushes up prices of Ecuadorian crude; Court Releases Argentine Media Tycoon.

• Tuesday, December 24th 2002 - 20:00 UTC

  Brazil's President-Elect Names Cabinet

  President-elect Luiz Inacio Lula da Silva completed his cabinet Monday, naming 12 new ministers including a former presidential rival and a popular musician.

• Monday, December 23rd 2002 - 20:00 UTC

  Argentina starts to see positive signs

  A year ago Monday, Argentina committed the biggest sovereign debt default in history. Last week it claimed the country's four-year recession was over.

• Sunday, December 22nd 2002 - 20:00 UTC

  Venezuela tanker delivers oil shipment

  Oil workers and a crew loyal to the government of Hugo Chávez, the Venezuelan president, began unloading fuel on Sunday from the Pilín León, a strike-bound tanker containing 280,000 barrels of gasoline, at a distribution terminal near the western city of Maracaibo.

• Saturday, December 21st 2002 - 20:00 UTC

  Argentina: IMF Lending Program; Riot Anniversary

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

  OAS: Venez. govt and opposition talk of election for first time

  OAS Secretary General Cesar Gaviria announced Thursday that Venezuelan government and opposition representatives spoke for the first time about an electoral solution to the country's ongoing political crisis.