Stories for June 3rd 2008

Tuesday, June 3rd 2008 - 21:00 UTC
Brazil to sell Super Tucano light attack planes to US

Brazilian aircraft manufacturer Embraer is participating in preliminary negotiations to sell the U.S. government eight 314-B1 Super Tucano light attack and training planes for use in Iraq, the company said Monday, according to press reports from Brazil.
Tuesday, June 3rd 2008 - 21:00 UTC
Shell CEO says there's no physical shortage of oil in the world

Oil giant Shell corporation Chief Executive Jeroen van der Veer said on Monday he did not see any shortage of physical oil supplies, echoing the view of many OPEC ministers who say the world market is well-supplied.
Tuesday, June 3rd 2008 - 21:00 UTC
Argentina completes seabed data gathering round Falklands

The Argentine Navy oceanographic research vessel “Puerto Deseado” has successfully completed the scientific data collection cruise to the northeast and southeast of the Islas Malvinas (Falkland Islands), the Argentine Ministry of Foreign Affairs officially announced in its web site.
Tuesday, June 3rd 2008 - 21:00 UTC
Farmers' conflict: Argentine bishops fear for “social peace”

Argentina's Catholic Church has convened an extraordinary meeting for next Thursday to consider the almost three month long farmers/government conflict which is threatening “social peace”.
Tuesday, June 3rd 2008 - 21:00 UTC
UN Chief Ban Ki-moon urges action on food crisis

U.N. Secretary General Ban Ki-moon will issue an urgent plea to world leaders at a food summit in Rome on Tuesday to immediately suspend trade restrictions, agricultural taxes and other price controls that have helped fuel the highest food prices in 30 years, according to U.N. officials.
Tuesday, June 3rd 2008 - 21:00 UTC
May inflation in Uruguay up 0.87% and 4.10% in 2008

Consumer prices in Uruguay during May increased 0.87%, accumulating 4.10% in the first five months of 2008, according to the country's Statistics Institute (INE), latest release. The index is higher than the average forecasted by 28 Central Bank consultants that anticipated 0.7%.
Tuesday, June 3rd 2008 - 21:00 UTC
Argentine gov. positive rating drops to new low: 19.4%

A public opinion poll released this week in Argentina gave a positive image rating of only 19.4% to the administration of President Cristina Fernandez de Kirchner, while 55.8% of respondents took a negative view.
Tuesday, June 3rd 2008 - 21:00 UTC
Trichet warns Europe about reactions to crude prices crisis

The European Central Bank president Jean-Claude Trichet set the tone at the ECB's 10th anniversary event by warning that bad management of the oil crisis in the 1970s (meaning large wage rises and low interest rates) seriously hurt the economy and jobs, and that the errors of the past must not be repeated. “This anniversary is no time for complacency,” Trichet said.
Tuesday, June 3rd 2008 - 21:00 UTC
FAO wants 30 billion annually to re-launch agriculture

Noting that the time for talk was over and that action was urgently needed, FAO Director-General Jacques Diouf appealed to world leaders for 30 billion US dollars a year to re-launch agriculture and avert future threats of conflicts over food.
Tuesday, June 3rd 2008 - 21:00 UTC
Argentine “inflation alert” according to the Daily Telegraph

Under the title of “Argentine alert as inflation specter stalks half the world”, London's Daily Telegraph, --using Argentina as a lead case--, describes how international bankers managed to convince pension funds to invest in an estimated 300 billion US dollars in inflation linked sovereign bonds from emerging economies, which “hawk eyes” then considered safe.