Stories for August 30th 2007
Falklands appoints “modernizer” as new Chief Executive
The Falkland Islands Government announced on Wednesday the appointment of Tim Thorogood as its next Chief Executive. Normal pre-contract formalities will now begin but it is expected that Mr. Thorogood, 45, will arrive in the Islands in January 2008.
Fed prepared “to act as needed” to mitigate adverse effects
Ben Bernanke said in a letter to an influential New York Senator that the Federal Reserve is ready “to act as needed” to help the US economy if the current market turmoil spills over into the broader economy.
Mixed trading in global markets on hopes of lower interest rates
United States shares recovered Wednesday almost all of Tuesday's heavy falls with the Dow Jones index gaining 1.9% as investors looked to pick up bargains. Increased hopes that the Federal Reserve could cut interest rates following a letter from Chairman Ben Bernanke buoyed investors
Uruguay/Argentina relations fall to bottom rock level
To the backdrop of several dozen Argentine protesters in a flotilla of boats and dinghies, Uruguayan President Tabare Vazquez on Wednesday inaugurated storage facilities and improved docks in a port serving a controversial new pulp mill built in Uruguay by Finnish pulp producer Botnia.
Hundreds arrested in Santiago de Chile labor protest
Police prevented members and supporters of Chile's largest labor union – the United Workers Central (CUT) – from marching through the streets of the capital Santiago on Wednesday, after union leaders deliberately failed to seek authorization for their protest.
Controversy surrounds election of next IMF managing director
The race to fill the post of Managing Director of the International Monetary Fund, IMF, completes a decisive leg this Friday when the period to register candidacies comes to a close at midnight.
US economy expands 4% in Q2 boosted by exports
Improved trade and investment figures helped the US economy grow at an annual rate of 4% in the second quarter, according to the latest release from the Commerce Department.
Bachelet to lobby for UN human rights council seat
President Michelle Bachelet travels to Japan and Australia this Friday in an 11-day tour of Asian nations that includes a summit meeting of the APEC regional trade group in Australia.
The most powerful women in politics according to Forbes
The Forbes list of the World's Most Powerful Women this year includes 29 women helping to run governments around the world. Though that's flat from 30 in last year's ranking, those who have stayed continue to flex their muscles.
Five senior posts reshuffle in Chinese cabinet
China replaced the finance minister, the head of the secret police and three other Cabinet members in a major reshuffle of senior posts ahead of a major Communist Party meeting that will set policies for the next five years.
