Recently added articles from America's Insider:
Peru waits to see if Toledo can extricate country from current troubles.(Alejandro Toledo faced with numerous economic challenges)(Brief Article)
Aug 02, 2001 ... LIMA -- Alejandro Toledo took office last week amid optimism that Peru's first president of indigenous extraction can restore confidence in the government and boost the country's battered economy. But the honeymoon will be short as he must immediately deal with a host of problems. ...
Dry hole may have consequences for Colombian oil industry.(Siriri Block well has impact on country's economy)(Brief Article)
Aug 02, 2001 ... BOGOTA --US oil company Occidental Petroleum announced that the Gibraltar-X1 exploration well on Siriri Block failed to find oil. It could be one of the most important unsuccessful oil wells in Colombian history. The company drilled in the area, previously known as ...
Banzer to step down despite incomplete legacy; leaves many problems for successor.(President Hugo Banzer of Bolivia)(Brief Article)
Aug 02, 2001 ... LA PAZ -- In a move that pleases reformers, President Hugo Banzer, has announced he will resign in early August because cancer treatment has rendered him too infirm to continue governing. Ever since leading his successful 1971 Banzerato military coup, Banzer has been a major ...
Workers' Party popularity rises as Brazil's problems mount but electorate remains unconvinced.(Brief Article)
Aug 02, 2001 ... SAO PAULO -- Amid a worsening economy, power shortages and a contagious economic flu in Argentina, Brazil's leftist political parties are registering impressive gains in public opinion polls. With presidential elections less than 15 months away, perennial Workers' Party (PT) ...
Government changing power privatization rules amid soft investor interest.(Ecuador deregulation of electric utilities)(Brief Article)
Aug 02, 2001 ... QUITO -- Soft investor interest is forcing the government to change the terms of the upcoming privatization of the electricity industry and extend prequalification dates to attract new bidders. While the date of the sale remains Sept. 28, the government recently pushed back the ...
Bush loses vote on allowing Mexican trucks in US.(George W. Bush threatens veto)(Brief Article)
Aug 02, 2001 ... WASHINGTON - The Bush administration lost another round this week in its fight with Congress over proposal to give Mexican trucks unrestricted access to the US market. The Senate voted in favor of a $60 billion transportation bill that would require Mexican trucks meet a host of ...
Trade promotion vote delayed.(US House of Representatives and fast-track trade authority)(Brief Article)
Aug 02, 2001 ... WASHINGTON - House Republican leaders delayed a planned vote this week on trade promotion authority legislation, better known as fast-track, because they did not have enough votes for passage. Officials said they will add language to address labor and environmental issues, two ...
Market don't buy adjustments.(Argentina's $128 debt)(Brief Article)(Statistical Data Included)
Aug 02, 2001 ... BUENOS AIRES -- Investors remain highly skeptical that Argentina's economic program of budget cuts and other reforms will allow the country to avoid defaulting on its $128 billion debt. Even though Congress has approved an unpopular package of salary and pension cuts, indications that tax ...
Political campaign budgets to be cut.(Argentina)(Brief Article)(Statistical Data Included)
Aug 02, 2001 ... BUENOS AIRES -- The government is planning to slash public funding of electoral campaign as part of its effort to reduce spending. The government paid candidates $125 million during the 1999 presidential elections. However, officials say that ...
Tax plan losing support.(Chile)(Brief Article)
Aug 02, 2001 ... SANTIAGO -- A growing number of private sector officials and politicians are coming out against a government proposal to reduce personal income tax rates and offset the lost revenue through higher corporate rates. The government says the measure would boost consumer demand and that ...
Spraying of drug crops resumes.(Colombia)(Brief Article)
Aug 02, 2001 ... BOGOTA -- Aerial eradication of coca crops resumed several days after a judge ordered a halt to the unpopular practice and ordered the government to present data on the environmental and social impact of the program. The judge later clarified the order so that it ...
Peasants block roads across country.(Colombians protest aerial spraying of drug crops)(Brief Article)
Aug 02, 2001 ... BOGOTA -- Peasants and small farmers set up blockades around the country to protest cutbacks in government agricultural funding as well as aerial spraying of drug crops. The protests snarled traffic around the country and cut off ...
Government acknowledges economy is slowing.(Colombia)(Brief Article)(Statistical Data Included)
Aug 02, 2001 ... BOGOTA -- The government has acknowledged that economic growth is slowing and has reduced its growth forecast for the year from 3.8% to 2.4%. Private analysts say the government's figure is still too optimistic. Officials have defended the estimate, saying that it is in line with expected ...
Power transmission line to link Colombia, Ecuador.(Brief Article)
Aug 02, 2001 ... QUITO -- Ecuador and Colombia have agreed to build a 240MW power transmission line that would allow Ecuador to buy electricity from Colombia. The $45 million line is due to be completed by the end of next year ....
Banco de Mexico revises economic growth figures downward.(Brief Article)
Aug 02, 2001 ... MEXICO CITY --The Banco de Mexico has revised downward its growth forecast for 2001 for the third time. Bank officials now say that growth will be less than 2% this year, well under the 4.5% figure that government predicted at the start of the year. The inflation forecast ...
Zapatistas contest indigenous law.(Chiapas, Mexico)(Brief Article)
Aug 02, 2001 ... MEXICO CITY --The Zapatista rebels and their supporters blocked roads in Chiapas state to protest the enactment of a controversial indigenous rights law. The group originally supported the proposal, which would have given indian tribes significant autonomy. However, after Congress ...
Chavez suffers rare set back.(Venezuela's Hugo Chavez's plans to reform social security rejected)(Brief Article)
Aug 02, 2001 ... CARACAS -- In a rare rejection of a government proposal, a congressional committee has rejected the government's plan to reform the country's expensive and inefficient social security system. Members of the committee said that it was clear that some provisions in the ...
Reform delays drive investors away.(Venezuela)(Brief Article)
Aug 02, 2001 ... CARACAS -- A report by US investment bank Morgan Stanley Dean Witter says that delays in approving changes to the social security system and land reform are deterring investors from moving into Venezuela. Both pieces of legislation could have significant effects on ...
Americas Insider Summary Forecast for 2001.(economic indicators)(Brief Article)(Illustration)
Aug 03, 2001 ... <Pre> Americas Insider Summary Forecast for 2001 GDP GDP Inflation Trade Bal. $bn % chg % chg $bn Argentina 270 -0.5 1.0 2.0 Bolivia 9 2.0 3.0 ...
ARGENTINA.(economic indicators)(Illustration)
Aug 03, 2001 ... <Pre> ARGENTINA % Change (In millions US $) Interest Trade Date CPI M1 Rate(%) Imports Exports Balance 1990 1,343.9 904.0 17.2 4,079.0 ...
