Stories for May 4th 2007
Brazil considering nuclear option for energy shortage
Brazil will increase the use of nuclear energy if it cannot build enough hydroelectric plants, President Luiz Inacio Lula da Silva said on Thursday.
President Chavez threatens banks with nationalization
Venezuelan President Hugo Chavez threatened on Thursday to nationalize the country's banks and largest steel producer, if they don't join the country's economic expansion plans.
Punta Arenas Methanex plans to cut Argentine gas dependency
Canada's Methanex, the world's leading producer of methanol and which has a gigantic plant in Punta Arenas expects to break its Argentina natural gas dependency sometime in the next three years, and concentrate on Chilean supplies, said Bruce Aitken, the company's CEO.
Basic training in human rights for Argentine troops
Hundreds of Argentine troops are headed back to class for a different sort of basic training — in human rights.
Brazilian stocks record; Bovespa index above 50.000 points
Brazilian stocks climbed Thursday to a new record pushing the benchmark Bovespa index above 50,000 for the first time. The index of most-traded shares on the Sao Paulo exchange rose 746.68 or 1.5% to 50,218.22.
South American countries agree creation of development bank
The Finance and Economy ministers from Argentina, Brazil, Bolivia, Ecuador, Paraguay and Venezuela decided Thursday in Quito the creation in parallel of a development bank and a macroeconomic stabilization fund to support financially the region.
Falklands: Penguin News Weekly Update
Headlines:
Tourist Board: no confidence vote for directors; Pension reversal; Harriet lands new job; War losses remembered; A long distance interview; Expo plans progress.
S&P Raises Uruguay Outlook to Positive
S&P has raised its outlook on Uruguay's B+ sovereign credit rating to positive from stable to reflect expectations of a sustained implementation of the economic policy agenda.
Report: Climate change plan affordable
Delegates from 120 countries approved the first roadmap for stemming greenhouse gas emissions Friday, laying out what they said was an affordable arsenal of anti-warming measures that must be rushed into place to avert a disastrous spike in global.
Argentina:
“Air force material obsolete”
Defence Minister Nilda Garré, speaking after an air force pilot died on Tuesday as his plane crashed, said that Argentina's air military material is old due to more than 20 years of “disinvestment.”
