Stories for August 11th 2004

Wednesday, August 11th 2004 - 21:00 UTC

US monetary policy to remain “accommodative.”

The US Federal Reserve, as anticipated by money markets, increased this Tuesday basic interest rate a quarter of a point to 1,5%, the second consecutive rise in the year. However rates remain negative since twelve month US inflation stands at 3,3%.

Wednesday, August 11th 2004 - 21:00 UTC

Tourism industry prefers Latinamerica to US

North America for second consecutive year continued to lose tourist trade which was mostly absorbed by the Caribbean, Central and South America, according to the president of the World Tourism Organization Americas Committee.

Wednesday, August 11th 2004 - 21:00 UTC

Chile reviews fishing companies “incentive” policy.

A Punta Arenas company Concar involved in toothfish fishing is demanding Chilean authorities the payment of approximately 300,000 US dollars in industry promotion funds allegedly pending since November 2002.

Wednesday, August 11th 2004 - 21:00 UTC

Chinese industrial production cooling.

For the fifth consecutive month China's industrial growth during July slowed down but the Central Bank stressed credit restrictions remain in full effect with the purpose of ensuring a soft landing for the overheated economy.

Wednesday, August 11th 2004 - 21:00 UTC

Crucial referendum for Venezuela?and oil markets.

With just a few days for the crucial recall referendum on President Hugo Chavez next Sunday, Venezuelan authorities have said they will guarantee oil exports and prevent violence regardless of who wins.

Wednesday, August 11th 2004 - 21:00 UTC

Gibraltar: Breaking News.

Caruana re-states conditions for dialogue with Spain; Daily Mail knocks US policy; Madrid: “we've regained initiative”; Freedom of the City for Royal Navy; Nude Spanish model “conquers” Gibraltar.

Wednesday, August 11th 2004 - 21:00 UTC

Straw-Bielsa meeting next September.

British Foreign Secretary Jack Straw will be meeting Argentine Foreign Affaire Minister Rafael Bielsa next September in New York during the United Nations General Assembly, reports this Wednesday the Buenos Aires press.

Wednesday, August 11th 2004 - 21:00 UTC

Sir Robin questions Argentina's Falklands' policy.

British ambassador in Buenos Aires Sir Robin Christopher suggested Argentina has taking distance from the spirit of the Falklands 1999 and 2001 agreements and regretted the next of kin had cancelled the visit to the recently finished Memorial in the Darwin Argentine cemetery.