Stories for August 26th 2005

Friday, August 26th 2005 - 21:00 UTC

Brazil's inflation restless and record low unemployment

Mid month thirty days consumer prices index in Brazil accelerated to 0,28% during August compared to 0,11% in July reported the Brazilian Geography and Statistics Institute, IBOPE.

Friday, August 26th 2005 - 21:00 UTC

World energy shortage threatening Asian expansion

Oil's surging price threatens with slowing Asia's economic expansion, whose strong demand for crude is precisely one of the main reasons for the ballooning of crude, said International Monetary Fund Managing Director Rodrigo Rato.

Friday, August 26th 2005 - 21:00 UTC

Buenos Aires Councillors planning Falklands' trip

Buenos Aires City Councillors have under consideration a project creating a special commission to honour the hundreds of Argentines “who sacrificed their lives in the Malvinas war”.

Friday, August 26th 2005 - 21:00 UTC

Venezuela opens fields to Chinese oil corporation

Venezuela and China signed a “preliminary agreement” for a joint company to drill for light and heavy crude in eastern Venezuela, reported the government owned Petroleos de Venezuela, or PDVSA.

Friday, August 26th 2005 - 21:00 UTC

Penguin News Update.

Headlines:
Year 11 receive their GCSE results; Ring tones for Christmas; Fuel spillage due to failure in base of tank; Medi-vac to Monte; New vet takes up post.

Friday, August 26th 2005 - 21:00 UTC

Argentina expects record soybean and sunflower crop

As Argentina's 2005/06 crop year gets under way, analysts say prospects are bright for a record soybean harvest and surging sunflower seed production, but corn and wheat output will slump.

Friday, August 26th 2005 - 21:00 UTC

Yuan closely monitored by Chinese Central Bank

China is attempting to make the Yuan more flexible and so reflect demand and supply market forces, however a strong appreciation of the Chinese currency could be risky for the economy warned an outstanding Chinese economist.

Friday, August 26th 2005 - 21:00 UTC

Argentina world's fifth top grumpy

Argentina has been voted the world's fifth top nation of moaners in a new survey by NOP World. Nearly a quarter of people questioned admitted having complained about something in the previous 12 months, Asian News International reported.

Friday, August 26th 2005 - 21:00 UTC

Uruguay, Brazil call for Mercosur reform

Uruguay and Brazil have urged Mercosur partners Argentina and Paraguay to speed up an institutional reform of Mercosur in order to bring greater transparency and continuity to its policies, and put free trade talks with the European Union back on track.