Stories for June 30th 2005
Chile's unemployment drops to 8,3%
Chile's national unemployment rate dropped to 8,3% in the March-May quarter, the lowest since the same period in 1998, according to the latest release from the National Statistics Institute.
UN forecasts 3,25% world economy expansion for 2005
The world economy is forecasted to expand 3,25% this year compared to 4,1% in 2004 which in itself is “benign”, although it entails certain risks said Jose Antonio Ocampo Deputy Director of the United Nations Economic and Social Affairs Department on presenting a report on the world economy.
“US recession much closer than imagined”
The chances of a United States recession or even a decline are closer than imagined warned Bill Gross, an influential financial guru who manages the largest mutual fund in the world with assets of 450 billion US dollars.
Chile considering an atomic energy plant
Chile which is considering resorting to nuclear energy, signed Wednesday with Russia an agreement for the peaceful use of atomic energy in the framework of a bilateral cooperation program.
Uruguay/Spain rift over immigration
Uruguayan minister of Foreign Affairs Reynaldo Gargano called on his countrymen to treat Spanish residents and visitors “politely” following a controversy with Madrid over the expulsion of Uruguayan immigrants.
FOGL Granted Extension to Exploration Licences
FOGL announces that it has been granted a two year extension to its approximately 33,000 sq km licence held in joint venture with Hardman Resources, which owns 22.5% of the licence.
