Stories for January 2007

Wednesday, January 31st 2007 - 20:00 UTC

Pulp mills dispute: Argentina on full offensive

Ambassador Yañez during his meeting with Pte. Vazquez

Uruguay promised to consider all proposals from the Spanish Crown envoy who is attempting to “facilitate a dialogue” between Argentina and Uruguay that are confronted over the construction of pulp mills in a shared border river.

Wednesday, January 31st 2007 - 20:00 UTC

Passengers of stranded cruise taken to Ushuaia

Cruise  MS Nordkapp

The 300 passengers of a cruise vessel that ran aground in the South Shetlands are being transferred to another ship from the same company and will be transported to Ushuaia, extreme south Argentina.

Wednesday, January 31st 2007 - 20:00 UTC

Fed leaves rates unchanged; “inflation likely to moderate”

The United States Federal Reserve left Wednesday interest rates unchanged at 5.25% for the fifth time running based on “firmer economic growth” with the economy “likely to expand at a moderate pace over coming quarters”.

Wednesday, January 31st 2007 - 20:00 UTC

Bush formally requests Congress extension of fast track

US President George Bush formalized Wednesday his announced request to the Democratic-led Congress to renew his fast-track authority (officially Trade Promotion Authority) for negotiating international trade agreements.

Wednesday, January 31st 2007 - 20:00 UTC

Vatican bars Bishop from Paraguayan presidential candidacy

The Vatican suspended “a divinis” Paraguayan bishop Fernando Lugo for having resigned last year to his church position to become a candidate for the presidential election of 2008.

Wednesday, January 31st 2007 - 20:00 UTC

US “watchful” of how Chavez exercises special powers

President Hugo Chavez

President Hugo Chavez was granted Wednesday by the National Assembly special powers during 18 months, to accelerate changes in broad areas of society and the economy by presidential decree.

Tuesday, January 30th 2007 - 20:00 UTC

Chile's President Bachelet schedules impressive tour

President Michelle Bachelet

After returning from her summer vacation on Lake Caburgua, Chile's President Michelle Bachelet plans to embark on an impressive tour of Latin American countries to encourage regional cooperation. She will then jet off to Europe to compare notes with “sister” countries famed for their welfare states.

Tuesday, January 30th 2007 - 20:00 UTC

Lula's 4 year economic plan faces crucial negotiations

President Lula da Silva

Brazilian president Luiz Inacio Lula da Silva called Tuesday for “unity and hard work” from all leaders of the ruling coalition to ensure the quick approval of the economic package recently announced and which is the backbone of his second mandate.

Tuesday, January 30th 2007 - 20:00 UTC

OPEC's target: oil in the range of 50/55 US dollars per barrel

The Organization of Petroleum Exporting Countries, OPEC, is preparing to implement another round of oil cuts beginning February first, satisfied with its decision to cut supply by 6% that has helped restore market balance.

Tuesday, January 30th 2007 - 20:00 UTC

Southern Chile's tremors traced to submarine fissure

Chilean Patagonia

The weeks' long tremors that have residents of Chilean Patagonia fearsome of a major earthquake can be traced to a submarine fissure and not the tectonic plaques, according to a group of scientists working in the area.

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