Stories for March 5th 2007
Global stock markets face an uncertain week after a slump in China and fears of an economic slowdown in United States saw the biggest sell-off in more than four years.
An unknown British sailor has been buried with an Argentine Honour Guard breaking the gloom of British-Argentine relations for just a moment. The funeral took place last Friday in the British Cemetery, Buenos Aires.
Over 640,000 foreign tourists visited Chile this summer contributing more than 345 million US dollars to the economy, reported Chile's state tourism office ÃÂ¢€” SERNATUR- last week.
The global stock market slump has entered its second week with stocks plunging in Wall Street, Asia, Europe and Latinamerica. Although the key US Dow Jones index remained positive for most of Monday, towards the end of the session it closed down 63.7 points, or 0.5%, at 12,050.4.
The Chilean and Japanese governments will sign a free trade agreement (FTA) on March 27, which constitutes a step forward in reinforcing Chile's presence in Asia, where it currently holds agreements with China (2005) and South Korea. The new convention is similar to others agreed to by the European Union (EU) and the United States.
United States President George Bush who next Thursday begins an eight days five countries trip to Latinamerica dramatically changed his administration's speech acknowledging that U.S.-backed economic policies and free-trade agreements have failed to lift millions of Latin Americans from poverty
President Bush, facing criticism he has ignored Latin America, said Monday the region's grinding poverty is a scandal that has caused some to question the value of democracy.
The Food and Agriculture Organisation (FAO) on Monday voiced serious concern over a number of species of fish caught on the high seas and called for better monitoring and management of the stocks.