Stories for August 5th 2005

Friday, August 5th 2005 - 21:00 UTC

New record for the Chilean peso against the US dollar

The Chilean peso on Thursday reached its highest against the US dollar in five years, 550 pesos, with prospects of further appreciation given an expected rise in interest rates and the excellent performance of the economy.

Friday, August 5th 2005 - 21:00 UTC

Bush ratifies full support for Plan Colombia

United States president George Bush ratified full support for Colombian president Alvaro Uribe and his fight against the narcotic trade and leftist guerrillas highlighting “this is the way to promote security and democracy in the Americas”.

Friday, August 5th 2005 - 21:00 UTC

Chilean inflation anticipates higher interest rates

Chile registered an unexpected 0,6% surge in July's consumer price index accumulating 2,4% in the first seven months of 2005 and 3,1% in the last twelve months, according to the latest report from Chile's Statistics Institute.

Friday, August 5th 2005 - 21:00 UTC

Bank of England cuts rate and ECB remains unchanged

The Bank of England cut interest rates on Thursday for the first time in two years, to 4.5% from 4.75%, while the European Central Bank kept its key rate at 2%.

Friday, August 5th 2005 - 21:00 UTC

Peru-Brazil to build transcontinental highway

Peruvian President Alejandro Toledo signed contracts Thursday in Lima for the construction of a highway that will extend more than 2,600 kilometers from Peru's Pacific coast across Bolivia into southwestern Brazil and the Atlantic.

Friday, August 5th 2005 - 21:00 UTC

Chile forecasts record tourism year

This is going to be a record year for tourism in Chile anticipated Oscar Santelices, Chile's Tourism Secretary who forecasts over two million visitors and 1,5 billion US dollars in income.

Friday, August 5th 2005 - 21:00 UTC

Penguin News Update.

Headlines:
New lease of life for historic building; 78 Squadron rescue injured seaman from Kalatxr; FCO visitors; Elqui under survey.