Stories for September 2008

Thursday, September 4th 2008 - 21:00 UTC
Brazil begins test extraction of oil 4.500 mts. below seabed

President Lula da Silva inaugurated this week Brazil's first extraction of oil from deep waters which highlighted techniques to be applied to vast oil fields found even farther offshore and at greater depths.
Thursday, September 4th 2008 - 21:00 UTC
“Smoko” in London to promote Falklands' tourism attractions

The Falkland Islands Tourist Board (FITB) hosted a Falklands themed 'Smoko' event yesterday to introduce media and trade contacts to all that these fascinating Islands have to offer. Smoko is a term Falkland Islanders use for a tea/coffee and snack break and the word was originally used by sheep shearers for a cigarette break.
Thursday, September 4th 2008 - 21:00 UTC
“Brazil does not envisage joining OPEC, right now”

Brazil has turned down a “formal invitation” by Iran to join the Organization of Petroleum Exporting Countries (OPEC) it was reported by the official Iranian news agency.
Thursday, September 4th 2008 - 21:00 UTC
Inflation/growth dilemma leaves UK rates on hold at 5%

The Bank of England Monetary Policy Committee (MPC) decided on Thursday to keep interest rates on hold at 5% for a fifth month as it struggles to deal with a slowing economy and soaring inflation.
Thursday, September 4th 2008 - 21:00 UTC
Brazil export beef ton average price soars 50% in 12 months

During January to August 2008, Brazilian beef exports fell 22% year-on-year to 711,716 tonnes swt, while revenue was up 18% as average export prices increased 50% to 3818 US dollars ton swt.
Thursday, September 4th 2008 - 21:00 UTC
Brazilian group reopens Fray Bentos corned beef plant

The Brazilian group Mafrig has announced that it will begin production of cooked beef for the British market at the old Anglo abattoir in Uruguay, which for decades was the leading beef exporter to the United Kingdom.
Thursday, September 4th 2008 - 21:00 UTC
'Economic terrorism' say Falklands of Argentina

FALKLANDS councillors will use the British Government Party Conferences to remind politicians of Argentina's continued campaign of “economic terrorism” against the Falklands, confirmed Falklands Councillor the Honourable Dr. Andrea Clausen.
Thursday, September 4th 2008 - 21:00 UTC
Chile's inflation seems to have peaked and begins to yield

Chile's August Consumer Prices Index, CPI, increased 0.9% accumulating 6.5% in the first eight months of the year and 9.3% in the last twelve months (down from 9.5% in July/June), according to the latest release from the National Statistics Institute, INE.
Thursday, September 4th 2008 - 21:00 UTC
ECB admits inflation and low growth prospects will persist

With annual inflation rates likely to remain “well above levels consistent with stability” and the latest data confirming the “weakening of real GDP growth in mid 2008”, the European Central Bank, ECB, has left interest rates unchanged at 4.25%.
Thursday, September 4th 2008 - 21:00 UTC
Argentina takes over flag air carrier from Spanish group

Argentina's Senate voted on Wednesday night the nationalization of flag air carrier Aerolíneas Argentinas, privatized 18 years ago and lately managed by the Spanish group Marsans.