Mercosur

• Wednesday, March 6th 2002 - 21:00 UTC

  Chile forecasts strong recovery

  Chile's Finance Minister Mr. Nicolás Eyzaguirre anticipated that the country's economy will pick up strongly in the second half of 2002, contrary to what happened in the last quarter of 2001, “the worst in several years”.

• Wednesday, March 6th 2002 - 21:00 UTC

  Strong US support for Duhalde

  The number three man in the US State Department, Marc Grossman met this week with Argentine president Eduardo Duhalde to express Washington's support to the current Argentine government.

• Wednesday, March 6th 2002 - 21:00 UTC

  US condemns Brazilian police

  The Brazilian police, particularly at state level, commit all sort of atrocities and are the greatest threat to human rights in the country according to the annual United States Congressional report on Human Rights.

• Tuesday, March 5th 2002 - 21:00 UTC

  Bank threat to quit Argentina

  One of Britain's biggest banks, the Hong Kong and Shanghai Banking Corporation (HSBC), is threatening to withdraw from Argentina after full-year profits were reduced by £714 million pounds (one billion dollars) set aside against loans in the bankrupt South American country.

• Monday, March 4th 2002 - 21:00 UTC

  ENAP's profits increase

  Chilean government oil company profits after tax reached 90 million US dollars during 2001, a 15% increase, according to the company's CEO Daniel Fernández.

• Monday, March 4th 2002 - 21:00 UTC

  IMF in Buenos Aires

  An International Monetary Fund delegation is expected this Tuesday in Buenos Aires to resume talks about un locking aid to Argentina and recovering international credit in the midst of one of the country's worst financial crisis in recent history.

• Thursday, February 28th 2002 - 21:00 UTC

  Greenspan cautions about recovery.

  The Chairman of the Federal Reserve, Alan Greenspan said that there are signs of recovery in the United States economy but warned that it would be a moderate come back, at least at the beginning.

• Wednesday, February 27th 2002 - 21:00 UTC

  Governors reject agreement

  The consideration of the Argentine budget in Congress, a vital piece of legislation that should help open the way for overseas financial support to a bankrupt Argentina, is stalled after provincial Governors rejected the Duhalde administration proposals.

• Wednesday, February 27th 2002 - 21:00 UTC

  Argentine democracy at risk

  Brazilian president Fernando Cardoso, in a conference this week in Sweden warned European leaders and businessmen that the “Argentine democratic system is in peril”, unless financial aid is committed.

• Tuesday, February 26th 2002 - 21:00 UTC

  Major business encounter

  European and Mercosur companies will hold next April a “mega business round” in Rio do Janeiro to promote trade and investments between both blocks.