Mercosur

• Wednesday, July 31st 2002 - 21:00 UTC

  US Treasury bails out Uruguay

  Strong financial support for the beleaguered Uruguayan banking system was announced Wednesday morning by the Uruguayan Economy Minister Alejandro Atchugarry following successful talks in Washington with the International Monetary Fund and the US Treasury that committed 1,5 billion US dollars in immediate assistance. The 1,5 billion US dollars check includes a 700 million US dollars advance from an IMF rescue package already agreed, and another 800 million US dollars from the United States Treasury

• Tuesday, July 30th 2002 - 21:00 UTC

  Galtieri allowed to return to house arrest

  Former Argentine dictator Leopoldo Galtieri will be released from jail and held under house arrest while a judge investigates if he played any role in the torture and execution of 22 guerrillas in 1980.

• Tuesday, July 30th 2002 - 21:00 UTC

  Trade deal with U.S. will ruin agriculture sector

  Two Chilean lawmakers whose constituents are mostly comprised of rural farmers have warned that a free trade deal with the United States would ruin the country's agriculture sector and endanger more than a million jobs.

• Monday, July 29th 2002 - 21:00 UTC

  South American Leaders Summit Ends

  South American leaders ended a two-day summit Saturday with an agreement to strengthen regional cooperation to better negotiate with the United States a free-trade zone for the hemisphere.

• Saturday, July 27th 2002 - 21:00 UTC

  Latest poll shakes up Brazil's presidential race

  The Brazilian electoral scene changed dramatically Friday as a latecomer to the presidential race knocked leftist Luiz Inacio Lula da Silva out of first place in the most recent poll.

• Saturday, July 27th 2002 - 21:00 UTC

  S. American Leader Faults Nations

  Ecuador's president opened the second regional summit of South American leaders Friday, blasting the United States and other industrial nations for preaching free trade while practicing protectionism.

• Friday, July 26th 2002 - 21:00 UTC

  De la Rua to be questioned for “homicide”

  An Argentine judge has subpoenaed former President Fernando de la Rua for questioning about his responsibility in the killing of five people during violent protests that produced his resignation late last year.

• Wednesday, July 24th 2002 - 21:00 UTC

  Breaking News

  Headlines:
  Menem counter attacks; Ciro Gomes keeps growing; Ten million jobs; European ban for Chilean poultry

• Wednesday, July 24th 2002 - 21:00 UTC

  Uruguay in Intensive Care

  With ample political support from the ruling coalition and even recognition from legislative opposition, Uruguay named this week a new Economy Minister, Senator Alejandro Atchugarry.

• Tuesday, July 23rd 2002 - 21:00 UTC

  Petrobras takes over Perez Companc

  Brazilian oil company Petrobras announced this week an agreement to purchase a majority control of the Argentine energy consortium Pérez Companc. The operation involves 1,125 billion US dollars.