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Stories for May 2006

• Friday, May 12th 2006 - 21:00 UTC

  President Chavez on private “political” visit to London

  Venezuela's president Hugo Chavez begins Sunday a three days “private” visit to London with a complete agenda of political events but no contacts with Primer Minister Tony Blair or his administration.

• Thursday, May 11th 2006 - 21:00 UTC

  Desire Says It Still Seeks Falkland Rig

  Desire Petroleum Plc, an explorer for oil and gas near the Falkland Islands, said it's still seeking a drilling rig for the area.

• Thursday, May 11th 2006 - 21:00 UTC

  Investment banks with upbeat forecast for Chile's economy.

  Nineteen Chilean and international banking organizations recently consulted about the world economic growth rates anticipate positive growth in the Chilean economy over the next two years. The organizations predict a solid growth average of 5.2 percent per year.

• Thursday, May 11th 2006 - 21:00 UTC

  Dead penguins found on Argentina beaches

  About 100 oil-coated Magellanic penguins have turned up dead in the past two weeks in a nature reserve near the frigid southernmost tip of Argentina, local reports said Thursday.

• Thursday, May 11th 2006 - 21:00 UTC

  Oil prices would be stable if not for Bush

  The president of Venezuela, the world's fifth-largest oil exporter, called for stability in international crude prices, implying they should be lower than they are but blaming a near-constant rise on what he called war-mongering by the United States.

• Thursday, May 11th 2006 - 21:00 UTC

  Morales lines up land owners as next target

  Evo Morales, the Bolivian president, on Thursday ruled out compensating foreign energy companies that face changes to their contracts as a result of a controversial nationalisation policy announced earlier this month.

• Thursday, May 11th 2006 - 21:00 UTC

  Fox warns leftist policies will harm Latin America

  Vicente Fox, the president of Mexico, on Thursday delivered a salvo against the leftwing policies of Venezuela and Bolivia, warning that protectionism and nationalisation could damage the prospects of Latin America as a whole.

• Wednesday, May 10th 2006 - 21:00 UTC

  Brazil tells Chavez: hands off the Southern Cone

  Brazil's Luiz Inacio Lula da Silva warned Venezuelan president Hugo Chavez that “interference” by Caracas in the Southern Cone could jeopardize plans for a major gas pipeline, Brazil's foreign minister said Tuesday.

• Wednesday, May 10th 2006 - 21:00 UTC

  FT criticizes Kirchner's confrontational (but popular) style

  The Financial Times this week harshly criticised Argentine President Nestor Kirchner warning that the effects of his style of government could have an enduring impact in future investments.

• Wednesday, May 10th 2006 - 21:00 UTC

  US basic rate at highest level in 16 years, 5%

  United States Federal Reserve Open Market Committee decided Wednesday to raise its target for the federal funds rate by 25 basis points to 5%, its highest level in more than five years and in line with market expectations.