Stories for June 9th 2006

Friday, June 9th 2006 - 21:00 UTC

Iguazu falls short of water; tours cancelled

Shortage of rainfall and the closing of several dams upstream to retain water have forced the cancelling of nautical tours next to the world famous Iguazu falls, one of the world's most impressive sights.

Friday, June 9th 2006 - 21:00 UTC

Oil addiction threatening US economy warns Greenspan

Rising energy prices are pushing up inflation and increasingly threatening the U.S. economy, former Federal Reserve Chairman Alan Greenspan testified this week before Congress.

Friday, June 9th 2006 - 21:00 UTC

Bank of England leaves interest rate unchanged, 4.5%

For the tenth month running the Bank of England Monetary Policy Committee decided to leave interest rates unchanged at 4.5%, a decision expected by financial markets.

Friday, June 9th 2006 - 21:00 UTC

Bush optimistic with US economy sustained growth

The United States economy is set to grow 3.6% this year compared with earlier estimates of 3.4% according to President George Bush's Council of Economic Advisors, revealed Thursday outgoing Treasury Secretary John Snow.
However consumer prices are forecasted to reach 3% instead of the original 2.4%.

Friday, June 9th 2006 - 21:00 UTC

Lipsky confirmed as IMF Deputy Manager

The International Monetary Fund Executive Board approved the appointment of JP Morgan Vice Chairman John Lipsky as First Deputy Managing Director of the IMF. Lipsky, a U.S. national, will start his five-year term on September 1, succeeding Anne Krueger who steps down at the end of August.

Friday, June 9th 2006 - 21:00 UTC

Penguin News Update.

Headlines:
World Cup madness begins;
Councillors take ?courteous but uncompromising' message to C24; Liberation Day; Shipping short list; Hitting the road for charity.

Friday, June 9th 2006 - 21:00 UTC

Uruguay wins the first World Cup in 1930

Whenever the Soccer World Cup is mentioned, the mind is boggled by moments of magic and illusion; smiles and tears; Pele and Maradona; Brazil's five cups, the famous Maracaná final and a long history of events that begun in 1930.

Friday, June 9th 2006 - 21:00 UTC

Battle of the brands grips World Cup

Before a ball has been kicked in Germany, the World Cup is gripped by a fierce contest between teams of global heavyweights and their smaller rivals.

Friday, June 9th 2006 - 21:00 UTC

Macri ?ready' to go for the presidency

Argentine Boca Juniors soccer team president Mauricio Macri said yesterday that he was ready to run for president next year, in a move that further fragments the opposition in the run toward next year's general elections.

Friday, June 9th 2006 - 21:00 UTC

April US trade deficit below market estimates

United States trade deficit increased to 63.43 billion US dollars last April from 61.86 billion in March, which was below market estimates of 65 billion, reported the Department of Commerce.