Stories for August 29th 2007
Argentine company strikes gas in Magallanes Region
Argentine oil corporation Geopark Holdings Ltd announced Tuesday it had discovered gas in one of the several exploratory wells drilled in Chile's extreme south region of Magallanes.
Global markets react fearful of big banks performance
Wall Street shares cast a shadow over global stock markets again after warnings that the problems in credit markets will hit big banks' profits. The Dow Jones suffered its biggest fall since 9 August on Tuesday, closing down 280.3 points or 2.1% at 13,041.9.
Mercosur received 300 billion in foreign direct investment
Mercosur member countries received 300 billion US dollars in foreign direct investments between 1990 and 2004, reported the United Nationd Economic Commission for Latinamerica and the Caribbean, Cepal.
Argentina trusts China will not adopt trade counter measures
Argentina trusts China will not adopt reprisals following the latest trade restrictions on imports recently decided by President Nestor Kirchner's administration and which affect many Chinese goods, Argentine Secretary of Commerce Alfredo Chiaradía said on Wednesday.
China anti-corruption campaign weeds out Finance minister
China's Finance Minister Jin Renqing has been transferred to a government think-tank and will be replaced by the country's top tax collector, confirmed on Wednesday Beijing sources following press reports.
