Stories for November 2008
OPEC divided over quota compliance and further cuts
OPEC energy ministers decided on Saturday to leave oil production quotas unchanged after talks in the Egyptian capital following falls in the price of oil. OPEC President Chakib Khelil said any such decision would be made at a meeting in Algeria next month.
China warns on loss of competitiveness: weaker Yuan ahead?
China's President Hu Jintao has warned that the global financial crisis could weaken his country's competitiveness. Mr Hu gave his warning at a meeting of the Politburo and his words have been made public by the state media.
Extreme south of Chile prepared to weather global crisis
Magallanes Region in the extreme south of Chile seems prepared to endure the effects of the coming global recession according to a report published Sunday by the country's main daily in Santiago, El Mercurio.
Bottle with message to dead officer of Falklands' conflict
A Chilean fisherman from Puerto Williams in Tierra del Fuego found a bottle with a message to an Argentine combatant who died when the sinking of the cruiser “General Belgrano” in May 1982 during the South Atlantic conflict over the Falkland Islands.
Tasmania claims the lives of 150 stranded pilot whales
The rugged coast of western Tasmania in Australia claimed the lives of another 150 whales at the weekend when they stranded themselves on craggy rocks near Sandy Cape. The long-finned pilot whales were spotted on Saturday morning and were already badly injured by the time rescue crews and locals reached them.
Anniversary of papal action that stopped Argentina-Chile war
Brazilian cardinal Odilo Pedro Scherer will represent Pope Benedict XVI in the ceremony honouring the 30th anniversary of the Vatican's mediation between Chile and Argentina which avoided a full fledged war over the Beagle channel and adjoining islands in the extreme south of the continent.
Paraguay pushing for a fairer deal with Brazil on energy
Landlocked Paraguay will make public in Uruguay and Spain, its claims to neighbouring Brazil regarding the energy from South America's largest hydroelectric dam, Itaipú, which it shares with Latinamerica's leading economy.
Mercosur partners divided over protectionism
As was anticipated Mercosur senior members Argentina and Brazil proposed Friday an increase of the common external tariff, (AEC) for certain products, and as was expected junior members Uruguay and Paraguay rejected the idea.
Unemployment up and Nov. inflation plunges in Euro zone
Unemployment in the European Union 15 nations that share the Euro shot up to 7.7% in October ? the highest level in two years ? as growth dropped sharply. Inflation on the other hand plunged to 2.1% in November as oil came down from the record prices of last July.
Lan confident it can cope the coming air industry turbulence
LAN Chile is reviewing its investment plans given the expected deceleration in world air traffic next year, although the company remains particularly strong and resilient to outside turbulences, according to Enrique Cueto, executive vice-president of Chile's flan carrier.
