Daily Brief

Dec 30, 2005 Issue

Codelco Contract Workers Strike


Contract workers at Chile's state-owned Codelco, the world's largest copper producer, have decided to go on strike demanding a one-off wage bonus from the government. The...

Ecuador To Buy Back Up To $650 Million Debt


Ecuador is to buy back between $400 million and $650 million, or just over five years' worth, of its global 2012 bond by May next year (it is obliged under its default te...

Ecuador: Palacio Accepts Economy Minister Resignation


Ecuador's president, Alfredo Palacio, has accepted the resignation of economy minister, Magdalena Barreiro. An expert in private sector finance, she had been in the post ...

Venezuela Central Bank Approves Use Of Euro

Venezuela's central bank has approved the use of the euro for some financial transactions. The move is seen as an attempt to diversify away from the country's dependence ...