Stories for September 2003 , page 7

Friday, September 12th 2003 - 21:00 UTC

Penguin News Friday 12th update

Headlines: Two names for Camp seat - Goss and Hansen begin the by-election race; FI tour operators' insurance worry; Shippers to Marchwood face higher costs; New passports available.

Friday, September 12th 2003 - 21:00 UTC

Chavez poll petition rejected.

Venezuela's National Electoral Council on Friday deemed invalid the more than 3 million signatures collected by the opposition in an effort to hold a referendum on whether President Hugo Chavez should remain in office.

Thursday, September 11th 2003 - 21:00 UTC

Argentina-IMF medium term agreement.

Argentina formalized this Thursday the agreement reached yesterday with the International Monetary Fund when it made effective the transfer of 2,9 billion US dollars in arrears to the multilateral financial organization.

Thursday, September 11th 2003 - 21:00 UTC

Magallanes farmers will have own abattoir.

A group of farmers from Magallanes Region have decided to build a new abattoir putting an end to the controversy over the coming lease of a Chilean government managed plant.

Thursday, September 11th 2003 - 21:00 UTC

Australia releases Viarsa 1 observer.

The Uruguayan scientific observer who was on board the longliner Viarsa 1 was released Wednesday 10 September and brought ashore at Cape Town, South Africa. He will be returning to Uruguay immediately.

Wednesday, September 10th 2003 - 21:00 UTC

FIC oil partner exploring in West Africa.

An Australian consortium with interests in the Falkland Islands has started exploration drilling at the Chinguetti oilfield off the coast of Mauritania, West Africa.

Wednesday, September 10th 2003 - 21:00 UTC

Argentina-IMF talks continue.

The Argentine government officially decided this Tuesday to suspend repayment of an IMF 2,9 billion US dollars credit that was due today. Argentina had anticipated that if an agreement, currently being discussed with the IMF was not reached by September 9 it would take this drastic action which means the country defaulted

Wednesday, September 10th 2003 - 21:00 UTC

Fisheries News.

Headlines:
Processing plant opens in Puerto Deseado
Census shows 5,607 Galician vessels authorised to fish
Chilean industry targets hoki.

Monday, September 8th 2003 - 21:00 UTC

Low interest rates for some time.

Most Wall Street operators who deal directly with the Federal Reserve in the bonds market forecast that United States interest rates will remain low for the next twelve, eighteen months, says Reuters.

Monday, September 8th 2003 - 21:00 UTC

As broke and polarized as ever.

Venezuela's Finance Minister Tobías Nóbrega admitted that his country's economy would contract 10/11% in 2003 with inflation reaching 30%. However he anticipated the economy would expand 5% in 2004, with the non-oil sector growing 12,5%, “given the greater exchange rate flexibility expected”.