Stories for February 2007

Monday, February 26th 2007 - 21:00 UTC
Chavez preparing for conflict with US plans to buy 9 subs

Venezuela is currently negotiating with European and Russian companies the purchase of nine submarines valued in three billion US dollars for the event of “an attack from United States”, report several South American newspapers.
Monday, February 26th 2007 - 21:00 UTC
Euro zone concerned with falling Yen and US dollar

European finance ministers meeting in Brussels opened their monthly meeting Monday with European Central Bank President Jean-Claude Trichet, downplaying fears of inflation and calling for exchange rates to stabilize
Monday, February 26th 2007 - 21:00 UTC
Russia's gas giant and Petrobras sign cooperation accord

Gazprom and Brazilian oil company Petrobras have signed last week an agreement on hydrocarbon cooperation, the Russian energy giant revealed in a news release Monday.
Monday, February 26th 2007 - 21:00 UTC
Greenspan forecasts “possible” US recession end of 2007

Former Federal Reserve Chairman Alan Greenspan said Monday in a video conference with Hong Kong businessmen that a recession in the United States economy was “possible” at the end of the year because the economy has grown since 2001.
Monday, February 26th 2007 - 21:00 UTC
Chile faces rich world evils: 25% of population is obese

Obesity and related pathologies like high blood pressure, diabetes, and heart attacks cost the Chilean treasury an estimated 300 million US dollars which is equivalent to a significant percentage of the country's overall public health budget.
Monday, February 26th 2007 - 21:00 UTC
Chavez “can scare away” investors from South America

Venezuelan President Hugo Chávez can scare away investors in South America, who may prefer to invest in other regions, US Ambassador to Brazil, Clifford Sobel, told to Exame magazine 10 days before the arrival of US President George W. Bush to Sao Paulo.
Sunday, February 25th 2007 - 21:00 UTC
US severe poverty reached 32-year high: 16 million people

The gap between the “haves” and “have-nots” in United States keeps widening and the percentage of US citizens who are living in deep or severe poverty has reached a 32-year high, 16 million, according to a report from McClatchy Newspapers.
Sunday, February 25th 2007 - 21:00 UTC
British Science Minister off to learn in Antarctica

On the eve of International Polar Year, Britain's Science and Innovation Minister Malcolm Wicks is visiting the British Antarctic Survey's Rothera research station this week. During the visit, the Minister will have an opportunity to see first-hand the prestigious Government-funded facility that carries out world-leading research into global environmental issues.
Sunday, February 25th 2007 - 21:00 UTC
Indian company and Bolivia at odds over huge steel foundry

Natural gas price has become the main obstacle for India's Jindal Steel & Power corporation project to develop Bolivia's richest known reserves of iron.
Sunday, February 25th 2007 - 21:00 UTC
Lula: “Uruguay should be satisfied with Mercosur benefits”

”All Mercosur members should be satisfied with the benefits and advantages obtained inside the (trade) block, because only like this will they remain hooked to the integration process”, said Brazilian president Luiz Inacio Lula da Silva who this Monday begins a (long expected) brief six hours visit to neighbouring Uruguay.