International

• Sunday, November 25th 2007 - 20:00 UTC

  Australia chooses Labor and a generational change

  

  Australia's Labor leader Kevin Rudd, a Mandarin speaking former diplomat, swept into power at a national election Saturday on a wave of support for generational change, ending 11 years of conservative rule.

• Friday, November 23rd 2007 - 20:00 UTC

  Rescued cruise pxs expected in Punta Arenas Saturday

  

  At 18:30 hours Chilean time Zodiac boats belonging to a Norwegian cruise vessel began landing the 154 passengers from the stricken “MV Explorer” at the Chilean Antarctic base President Frei in King George Island.

• Friday, November 23rd 2007 - 20:00 UTC

  Lloyd's List claims M/V Explorer had “five failings”

  

  A legal and insurance storm of Antarctic proportions could be in the making for the M/V Explorer and its owners if a report in the maritime market news portal Lloyd's List proves to be correct.

• Wednesday, November 21st 2007 - 20:00 UTC

  Global mine clearance operations demand 400 million in 2008

  

  Proposed initiatives to remove landmines and explosive remnants of war in some 30 countries and three territories around the world are expected to cost 404 million US dollars next year, according to a report jointly published by three United Nations agencies and released Tuesday.

• Wednesday, November 21st 2007 - 20:00 UTC

  OECD warns of mortgage debacle on equity markets

  

  The Organization for Economic Cooperation and Development, OECD said on Wednesday that overall losses caused by the U.S. mortgage market crisis could hit 300 billion US dollars and the broader credit crunch could yet inflict greater damage on equity markets.

• Wednesday, November 21st 2007 - 20:00 UTC

  China forecasts boom in cooking oil and grains markets

  

  China's soy oil purchases will represent 45% of world's imports by the end of last September up 25% from seven years ago according to a report from the Beijing government supported Shanghai Daily”.

• Wednesday, November 21st 2007 - 20:00 UTC

  Repsol CEO demands clear rules for investors in Latam

  

  Spain's Repsol-YPF CEO Antonio Brufau claimed on Wednesday that “certain countries” in Latinamerica, which he did not specify, seem to have difficulties in perceiving the benefits that come with foreign investments, both for the economy and its population.

• Wednesday, November 21st 2007 - 20:00 UTC

  US dollar slumps to new low against the Euro and Yen

  The dollar on Wednesday slumped to a new record low against the Euro pushed by weaker US growth prospects and pressures for another cut to US interest rates when the Federal Reserve Monetary meets next December 11.

• Wednesday, November 21st 2007 - 20:00 UTC

  EU big farms subsidies to be drastically capped

  

  European Agriculture Commissioner Mariann Fischer Boel announced plans to reduce funding for Europe's biggest farmers which means anyone currently receiving more than 100,000 euros as part of the Single Payment Scheme would have their aid capped.

• Tuesday, November 20th 2007 - 20:00 UTC

  Trichet cautiously optimistic on global growth prospects

  

  The chairman of the G10 group of central bankers Jean-Claude Trichet was optimistic on Monday about prospects for global growth even though he conceded that the risks remain listed to the downside.