Stories for August 20th 2005

Saturday, August 20th 2005 - 21:00 UTC

US donates drug control aircrafts to Peru

Peruvian President Alejandro Toledo said Friday that United States had donated two aircrafts to help fight drug trafficking.

Saturday, August 20th 2005 - 21:00 UTC

Brazilian political crisis impacts financial markets

Brazil's orthodox Finance Minister Antonio Palocci was linked to the corruption scandal of the ruling Workers Party by a former aide who claims he received money from a sanitary company when he was mayor of Ribeirao Preto.

Saturday, August 20th 2005 - 21:00 UTC

Head of Lucsik group and Chile's richest man dies

Andronico Lucsik, Chile's richest businessman with an estimated fortune of 3,4 billion US dollars, (Forbes magazine), died this week in Santiago at the age of 78.

Saturday, August 20th 2005 - 21:00 UTC

Carnival launches world's largest cruise vessel

A jumbo cruise vessel launched in Finland Friday dethroned the “Queen Mary 2” as the largest liner afloat, its manufacturers said.

Saturday, August 20th 2005 - 21:00 UTC

Career diplomat to replace Noriega

United States president George Bush named Tom Shannon as the new of the Deputy Secretary of State for Hemispheric Affairs.

Saturday, August 20th 2005 - 21:00 UTC

Venezuela plans to increase oil production and refining

Venezuelan president Hugo Chavez announced that the government owned oil company, PDVSA, will build three new refineries and said he was willing to discuss a new range of prices with the Oil Producing Export Countries, OPEC

Saturday, August 20th 2005 - 21:00 UTC

Ecuador's oil production virtually shut down

Ecuador's Defence minister resigned abruptly Friday shortly after the country sent the military to occupy its Amazon region and declared a state of emergency following attacks on infrastructure which cut production 65%.

Saturday, August 20th 2005 - 21:00 UTC

IMF lowers global growth forecast because of oil

The International Monetary Fund warns that the surge in oil prices has become a serious risk for the global economy, reports the German daily Handesblatt quoting the coming IMF World Economic Outlook.