Stories for August 2007
Latest News feedBernanke and Bush: no interest rate cuts to bail out investors
Chairman Ben Bernanke offered no clear signal that the Federal Reserve is poised to cut interest rates in a speech to central bankers on Friday, even as he reaffirmed its commitment to take into account the likely effects of financial market turmoil on the economy.
Britain marks 10th anniversary of Princess Diana death
Prince Harry has told a service to mark the 10th anniversary of the death of Diana, Princess of Wales, that she was “the best mother in the world”. Family and friends this Friday joined Princes William and Harry for the service at Guards’ Chapel near Buckingham Palace.
Wheat prices at all times record soar to 8 dollars per bushel
Wheat prices on Friday surged more than 6% to a fresh all-time high driven by thin global supplies and heavy export demand. The sharp price increase, which came on top of the 5% jump on Thursday, reinforced fears of a spike in food inflation as industry begins to pass the costs on to consumers.
Most powerful woman blasts credit and risk rating agencies
German Chancellor Angela Merkel speaking in Tokyo criticized credit ratings agencies for not spotting companies with problems amid the current market instability. German banks have been the worst hit in Europe so far by the problems linked to the US sub-prime mortgage crisis.
Magallanes Region has the lowest unemployment in Chile, 2.4%
Magallanes and Porvenir in Tierra del Fuego respectively were the Chilean region and city with the lowest unemployment rate in the May-July quarter, according to the latest release from the national Statistics Institute (INE).
Raul’s Cuba invites UN envoy and quietly frees political prisoners
Cuba’s ambassador to the Unite Nations Juan Antonio Fernández Palacios said Friday that the country is ready to resume co-operation with the UN on human rights, given the changes that have taken place in the organization.
WTO to investigate alleged Chinese industrial subsidies
The World Trade Organisation announced Friday it will investigate whether Chinese industrial subsidies breach international trade rules following a complaint by the United States and Mexico.
Falkland Islands: Weekly Penguin News update
Headlines: World first for aquaculture?; Thorogood named as new Chief Executive; Headteacher is a well-travelled man; Man on bail leaves Islands; Daylight Saving.
Eight coalitions register for Argentine presidential vote
As the deadline to register coalitions for the Argentine October 28 presidential vote expired this week, eight alliances registered, among them, the one led by first lady Cristina Fernández de Kirchner, which is widely predicted to obtain a first-round victory in the face of a highly dispersed opposition.
Princes will head special memorial service for Lady Diana
The 10th anniversary of the death of Princess Diana in a car crash in Paris is being marked with a memorial service in London and tributes across the United Kingdom. Prince William and Prince Harry will be holding a special memorial service at the Guards’ Chapel in London.
