Stories for October 2006
Oil prices fell by more than US$2 a barrel yesterday and heating oil futures plunged to a 15-month low as traders looked ahead to mild weather in the US and supply data due out later this week that is expected to show rising inventories of crude.
Creditors tendered US$1.17 billion of eligible bonds in Uruguay's debt swap, in line with government expectations, in the country's bid to scrap lightly traded bonds and extend debt maturities.
Re-elected Brazilian president Luiz Inacio Lula da Silva announced his second term will be dominated by political dialogue, government reforms and economic growth to ensure the battle against poverty continues and Brazil definitively abandons the emerging countries group.
Uruguayan authorities described on Monday Argentine pickets' decisions to block traffic on a bridge leading to Uruguay next weekend during the Ibero-American summit as irrational.
President Nestor Kirchner received a bashing and Argentina's cyclical faith in democracy and republican institutions an impressive boost from one of the most under developed and forgotten provinces of the country.
Carlisle United will make history this week when a team of five coaches become the first delegation from a professional football team to visit the Falkland Islands.
Punta Arenas is forecasted to become this 2006/07 season Chile's main cruise port with a scheduled 163 foreign and domestic calls surpassing Valparaiso.
Brazil's low cost airline Gol began this week direct flights from Santiago de Chile to Sao Paulo in Brazil with rates in the range of 170 US dollars.
Latinamerica will be particularly affected by the anticipated global climate change since the regional economy is highly dependent on natural resources according to a report by British economist Sir Nicholas Stern released this week.
Brazilian re-elected president Luiz Inacio Lula da Silva strongly defended urgent changes in the leadership of his Workers Party and answered criticisms from former president Fernando Enrique Cardoso who has promised no truce to the Brazilian president's second administration.