Stories for June 19th 2008

Thursday, June 19th 2008 - 21:00 UTC
Argentine farmers extend grain export ban until Friday

Argentine farmers decided on Wednesday to extend the ban on grains and oil seeds exports until next Saturday disappointed with a farm bill sent for Congressional consideration and direct allegations to farm leaders from President Cristina Fernandez de Kirchner.
Thursday, June 19th 2008 - 21:00 UTC
China hikes fuel prices 18% causing petroleum to drop

China, the world's second-largest consumer of oil, is to raise the price of petrol and diesel by 18%. The move, which could depress demand for oil from the fast-growing economy, caused the price of crude to fall 4 US dollars.
Thursday, June 19th 2008 - 21:00 UTC
EU summit undecided over the Irish vote aftermath

European Union leaders meeting in Brussels refused to set a deadline for a deal on the stalled Lisbon Treaty after its rejection by the Irish and insisted that real issues as Europe's economic situation are the priority.
Thursday, June 19th 2008 - 21:00 UTC
Lula and top aides in financial summit to curb inflation

Brazilian President Lula da Silva, cabinet ministers and his main economic advisors are considering a range of measures, (from budget cuts to pruning credit) with the purpose of curbing inflation according to Folha de Sao Paulo
Thursday, June 19th 2008 - 21:00 UTC
Roughly 60% Chileans in debt; 80% overspends

Roughly 60% of the Chilean population is in debt, according to a study published this week by the country's Central Bank. And perhaps surprisingly, middle class Chileans account for about 67% of the debt.
Thursday, June 19th 2008 - 21:00 UTC
US drivers making less mileage for sixth month running

At a time of record-high gasoline prices and a corresponding surge in transit ridership, US citizens are driving less for the sixth month in a row, highlighting the need to find a more sustainable and effective way to fund highway construction and maintenance, said United States Transportation Secretary Mary E. Peters.
Thursday, June 19th 2008 - 21:00 UTC
Argentina honoring contracts with soy from Paraguay

Argentina is only shipping soybeans from Paraguay in an attempt to honor overseas contracts since no local supplies are arriving to export ports because of the 100-day farmers' stand off with the administration of President Cristina Fernandez de Kirchner.
Thursday, June 19th 2008 - 21:00 UTC
Argentines support Congressional debate of farmers' bill

A clear majority of Argentines supports the government's decision to send the sliding export tax on grains and oilseeds to Congressional consideration, according to public opinion polls released in coincidence with the 100th day of the stand off between the administration of President Cristina Fernandez de Kirchner and farmers.