Stories for July 7th 2005

Thursday, July 7th 2005 - 21:00 UTC

A Scottish relief for Brazilian president Lula

Brazilian president Luiz Inacio Lula da Silva left Wednesday for Scotland where together with the leaders of China, India, South Africa and Mexico, he will be a special guest of the G-8 summit.

Thursday, July 7th 2005 - 21:00 UTC

Chavez calls on the US to “bury FTAA” proposal

Venezuelan president Hugo Chavez called on United States to definitively bury the frustrated attempts to create a Free Trade Association of the Americans, FTAA since the project has failed.

Thursday, July 7th 2005 - 21:00 UTC

Chilean inflation reaches 1,8% in six months

The Chilean consumer prices index increased 0,4% in June totalling 1,8% in 2005 and 2,7% in the last twelve months, according to the latest release from the Statistics Institute.

Thursday, July 7th 2005 - 21:00 UTC

Ecuador the riskiest Latinamerican country

Ecuador became this week the riskiest country in Latinamerica according to JP Morgan Emerging Markets Bond Index, EMBI, with a 799 basic points rating.

Thursday, July 7th 2005 - 21:00 UTC

UK lifts ban on sale of spares to Argentine Navy

United Kingdom lifted the ban on the sale of Rolls Royce spares to the Argentine Navy vessels, according to reports in the Buenos Aires newspaper, Ambito Financiero

Thursday, July 7th 2005 - 21:00 UTC

Punta Arenas Standard Wool back in business

Standard Wool from Punta Arenas is looking ahead to a full year's work in spite of the blaze which razed its wool deposits and equipment in February 2004.

Thursday, July 7th 2005 - 21:00 UTC

Sir Lawrence: “Clearly an Al-Qaida style attack”

Four blasts rocked the London subway and tore open a packed double-decker bus during the morning rush hour Thursday, sending bloodied victims fleeing in the worst attack on London since World War II. At least 37 people were killed, U.S. officials said, and more than 700 wounded in the terror attacks.

Thursday, July 7th 2005 - 21:00 UTC

Bank of England and ECB leave rates unchanged

The Bank of England resisted calls to cut the cost of borrowing on Thursday and held its main interest rate at 4,75% for the eleventh straight month. Members of the bank's Monetary Policy Committee announced the decision in spite of the four explosions in central London that caused at least 33 deaths and hundreds of injured.

Thursday, July 7th 2005 - 21:00 UTC

Argentine June inflation triggers controversy

A day after it was officially announced that June's consumer price index in Argentina had jumped an unexpected 0,9%, Economy minister Roberto Lavagna tried on Thursday to sooth market expectations saying that “inflation is reasonably under control”.

Thursday, July 7th 2005 - 21:00 UTC

Argentina preparing the ground for IMF talks

Just a few days away from the beginning of negotiations on a new stand by agreement Argentine officials demanded this week “coherence and predictability” from the International Monetary Fund.