Stories for November 2008

Sunday, November 30th 2008 - 20:00 UTC

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.

Sunday, November 30th 2008 - 20:00 UTC

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.

Sunday, November 30th 2008 - 20:00 UTC

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.

Sunday, November 30th 2008 - 20:00 UTC

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.

Sunday, November 30th 2008 - 20:00 UTC

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.

Sunday, November 30th 2008 - 20:00 UTC

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.

Saturday, November 29th 2008 - 20:00 UTC

Paraguay pushing for a fairer deal with Brazil on energy

Itaipu dam in the border between Brazil and Paraguay

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.

Saturday, November 29th 2008 - 20:00 UTC

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.

Saturday, November 29th 2008 - 20:00 UTC

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.

Saturday, November 29th 2008 - 20:00 UTC

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.

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