Stories for September 20th 2005

Tuesday, September 20th 2005 - 21:00 UTC

Punta del Este surges as cruise calling point

Uruguay expects a busy 2005/06 cruise season with the port of Montevideo operating as the hub but incorporating the Atlantic resort of Punta del Este as a growing calling point more than trebling the number of visitors.

Tuesday, September 20th 2005 - 21:00 UTC

OPEC considers world oil market “well supplied”

Oil Petroleum Exporting Countries ministers consider the world oil market is “well supplied” but will attempt to help stabilize prices which are “too high” and are beginning to have an impact in the world economy.

Tuesday, September 20th 2005 - 21:00 UTC

No progress with Argentina in four years.

Relations between the Falklands and Argentina have 'slightly deteriorated' during the last four years according to Falklands elected Councillors.

Tuesday, September 20th 2005 - 21:00 UTC

Fearing inflation pressures Fed raises basic rate to 3,75%

The United States Federal Reserve on Tuesday raised interest rates for the 11th straight time arguing that the effects of Hurricane Katrina for the overall economy will be temporary. The new basic rate now stands at 3,75%, a 25 points increase.

Tuesday, September 20th 2005 - 21:00 UTC

Morales promises legalization of Bolivian coca crops

Bolivian peasant leader Evo Morales who has a comfortable lead in vote preference for next December's presidential race said that if elected he would legalize growing coca which is the raw material for cocaine.