Stories for November 12th 2005

Saturday, November 12th 2005 - 20:00 UTC

Oil hits lowest price in four months

Crude-oil futures fell to a four-month low yesterday, as speculators continued to liquidate positions.

Saturday, November 12th 2005 - 20:00 UTC

Chile, spring board for Chinese companies in Latam

Chile which is signing a free trade agreement with China next week expects to become the Latinamerican spring board for the Asian giant business in the region.

Saturday, November 12th 2005 - 20:00 UTC

Copper's 7 billion US dollars for Chilean coffers

Over seven billion US dollars will end in the Chilean Treasury in 2005 as a consequence of the booming prices of copper and molybdenum, with Codelco, the government owned company providing 5,3 billion US dollars.

Saturday, November 12th 2005 - 20:00 UTC

Avian influenza pandemic could cost 800 billion

A pandemic of avian influenza among humans could cost the global economy 800 billion US dollars a year. That's the assessment of Milan Brahmbhatt, a senior economist with the World Bank's East Asia and Pacific region.

Saturday, November 12th 2005 - 20:00 UTC

Petrobras record earnings and rising extraction costs

Brazilian government owned Oil Company Petrobras announced Friday a record high third-quarter net profit on a rise in output and fuel prices. Net consolidated profit was the equivalent of 2.6 billion US dollars, below market estimates, plus signs of rising oil extraction costs.

Saturday, November 12th 2005 - 20:00 UTC

Hezbollah denies Buenos Aires bombing

The Lebanese branch of the Shiite Hezbollah group, allegedly supported by Iran, denied any participation in the attack on the Buenos Aires Jewish community centre AMIA and also denied that militant Ibrahim Hussein Berro was involved in the action.