Stories for April 28th 2006

Friday, April 28th 2006 - 21:00 UTC

China raises rates to cool economy but, US unmoved

US Treasury Department described China's Central Bank decision to raise its one year lending interest rates from 5.58 to 5.85% as “positive”, but demanded more flexibility for the Yuan in money exchange markets.

Friday, April 28th 2006 - 21:00 UTC

Argentine squid industry complains low prices

Since the beginning of the squid season last January 16 and the end of March, Argentina's Illex landings reached 123.845 tons, up 71.5% from the same period last year reported the Fisheries Undersecretariat in Buenos Aires.

Friday, April 28th 2006 - 21:00 UTC

Lan Chile profits surge in first quarter

Chile's flag air carrier Lan saw profits soar 72% in the first quarter of this year compared to the same period in 2005.

Friday, April 28th 2006 - 21:00 UTC

Kirchner celebrates IMF Krueger's departure

Argentine president Nestor Kirchner celebrated Thursday the announced departure from the International Monetary Fund of Deputy Managing Director Anne Krueger with whom his administration has had a permanent irritating confrontation.

Friday, April 28th 2006 - 21:00 UTC

Penguin News Update.

Headlines:
Getting Memorial Wood ready for 2007; ?South Atlantic 25' announced; Dry-dock delayed; Indecent images found: man pleads guilty

Friday, April 28th 2006 - 21:00 UTC

Brazilian president says gov't can help salvage Varig

Brazilian President Luiz Inacio Lula da Silva said Friday that the government can provide the funds needed to prevent troubled air carrier Varig from shutting down.