Stories for July 1st 2005

Friday, July 1st 2005 - 21:00 UTC

Fed sets basic “accommodative” rate at 3,25%

For the ninth time running, and as expected, the United States Federal Reserve raised the cost of money 25 basic points to 3,25%.

Friday, July 1st 2005 - 21:00 UTC

CAFTA: Lower House approval in doubt

The United Stated Senate after twelve hours of debate approved 54 to 45 the Central America (and Dominican Republic) Free Trade Agreement which now faces a fierce debate in the House of Representatives.

Friday, July 1st 2005 - 21:00 UTC

No truce for scandal shocked President Lula da Silva

Scandal shocked Brazilian President Luiz Inacio Lula da Silva announced Thursday a new plan to curb corruption but as he did more claims of wrongdoings by his Workers Party, PT, and trusted officials were made public.

Friday, July 1st 2005 - 21:00 UTC

LAN Chile purchases 25 Airbus

Chilean airline Lan, one of South America's leading carriers announced this week the purchase of 25 Airbus for regional and domestic routes, an operation involving 750 million US dollars.

Friday, July 1st 2005 - 21:00 UTC

Cape Horn park declared Biosphere Reserve

The county of Cabo de Hornos (Cape Horn) in Tierra del Fuego, extreme south of Chile, including the Alberto de Agostini National Park was declared this week biosphere reserve by the United Nations Educational, Scientific and Cultural organization, UNESCO.

Friday, July 1st 2005 - 21:00 UTC

Penguin News Update.

Headlines:
War historian: ?I've been full and fair';
Mail investigation;
Competition images capture Islands' beauty.

Friday, July 1st 2005 - 21:00 UTC

Bolivia can't agree on Congressional election

A political agreement to call early Congressional elections next December in Bolivia was frustrated in the Lower House because of the iron opposition from groups that are demanding a previous election of delegates for an assembly to review the constitution.

Friday, July 1st 2005 - 21:00 UTC

Argentina and Italy committed to mend relations

Argentina and Italy agreed Thursday they want to mend a shattered bilateral relationship.
Argentine Foreign Minister Rafael Bielsa and his Italian counterpart Gianfranco Fini met in Rome.

Friday, July 1st 2005 - 21:00 UTC

Paraguayan Lower House rejects privatization

Paraguay's lower house unanimously rejected a bill passed by the Senate to refloat a program of privatizing state-owned enterprises that was halted three years ago in the face of protests as rekindled this week in the streets of the capital Asuncion