Mercosur

• Monday, September 16th 2002 - 21:00 UTC

  Peruvian court rules against redundancy

  Peru's Supreme Tribunal ruled the reinstatement of hundreds of employees left redundant by the country's telecommunications company. The ruling shocked the business community that is now assessing the impact on future investments.

• Monday, September 16th 2002 - 21:00 UTC

  Privatization, “a wrong signal”

  Chile's Economy Minister Jorge Rodríguez said that privatizing public utilities in the current world business climate “could be sending the wrong signal”.

• Monday, September 16th 2002 - 21:00 UTC

  IMF fears “Brazil effect”

  The International Monetary Fund, IMF, expressed concern that the international confidence crisis in Brazil could spread to the whole region given investors fear of growing risk.

• Monday, September 16th 2002 - 21:00 UTC

  Chile's growth forecast downed

  Chile's Central Bank downed to 2% the country's 2002 economic growth forecast and estimated that next year Chile will fluctuate between 3,5 and 4,5%, given adverse world conditions.

• Monday, September 16th 2002 - 21:00 UTC

  European Union interest rates unchanged

  The ruling body of the European Union Central Bank left the basic interest rate unchanged at 3,25% as anticipated by financial markets.

• Tuesday, September 10th 2002 - 21:00 UTC

  Breaking News

  Headlines:
  Paraguay to Brazil: Shut Oviedo up; Chile sets up its first unemployment compensation program; Brazilian presidential candidate Lula climbs in polls;Brazil gets $30bn IMF loan

• Tuesday, September 10th 2002 - 21:00 UTC

  Chile marks its own Sept. 11

  Chile on Wednesday marks its own Sept.11, that of 1973, when the presidential palace La Moneda was bombed and the long Pinochet dictatorship, known worldwide mainly for wholesale abuse of human rights, began.

• Monday, September 9th 2002 - 21:00 UTC

  Violence Erupts at March in Chile

  Police used tear gas and water cannons to disperse demonstrators Sunday after violence erupted during a march marking the 29th anniversary of the military coup led by Gen. Augusto Pinochet

• Sunday, September 8th 2002 - 21:00 UTC

  Holland impress with 3-0 victory over Belarus

  by Patrick Watts in Eindhoven.

• Sunday, September 8th 2002 - 21:00 UTC

  Argentine Crime Wave Hits AP, Others

  Gunmen entered a 13-story office tower housing The Associated Press and other organizations Sunday, tying up and blindfolding about 10 people as they went floor by floor stealing valuables.