Stories for October 2006
Oil prices slip by 3%
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.
Uruguay pleased with its debt swap
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.
Lula says Brazil is tired of being an “emerging power”
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.
Pulp mill protestors promise more trouble
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”.
Misiones celebrates; Kirchner administration mute
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.
Falklands' “first” for team of United coaches
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, Chile's main cruise port
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.
Low cost direct flights Santiago/Sao Paulo
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.
Climate change will hit Latinamerica particularly hard
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.
Lula: party purge and no “major” cabinet reshuffle
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.
