Stories for August 4th 2006

Friday, August 4th 2006 - 21:00 UTC

Argentina's July inflation 0.6% and 5.5% in seven months

In spite of a surge in services' costs Argentina's Consumer Price Index rose 0.6% in July, 0.1% higher than last May and June, but below the 1% of July last year, according to the latest release from the Statistics and Census Office, INDEC.

Friday, August 4th 2006 - 21:00 UTC

Growing irritation between Chile and Argentina

Chilean Agriculture minister confirmed Thursday that in the next two weeks Chile will be requesting safeguards against dairy imports, mostly from Argentina, although he underlined it was not in retaliation for the natural gas dispute.

Friday, August 4th 2006 - 21:00 UTC

Falklands' de-mining study takes off in summer

Argentina and the United Kingdom exchanged Thursday notes regarding a Malvinas/Falkland Islands de-mining feasibility study which is scheduled to become effective next summer 2006/07.

Friday, August 4th 2006 - 21:00 UTC

Budget superpowers for the Kirchner administration

Following fierce debating in Congress, Argentina's ruling coalition passed a bill granting the Executive super powers to modify budget execution avoiding legislative control.

Friday, August 4th 2006 - 21:00 UTC

Penguin News Update

Headlines:
Councillors reject ?implanted' theory; Farmers unite to launch inaugural group breeding scheme; Licence trouble; Status ceremonies planned.

Friday, August 4th 2006 - 21:00 UTC

Chavez recalls Ambassador from Israel

Venezuelan President Hugo Chavez said he has withdrawn his country's ambassador to Israel to show his “indignation” over the military offensive in Lebanon.

Friday, August 4th 2006 - 21:00 UTC

Falklands Governor Howard Pearce final parade

Today Mr. Howard Pearce CVO donned his ceremonial uniform and plumed helmet and left Government House in Stanley for the last time as Governor of the Falkland Islands, a post he has held for nearly three years.

Friday, August 4th 2006 - 21:00 UTC

Fidel Castro 'recovering satisfactorily'

Cuba launched a campaign Friday emphasizing the revolutionary roots of Fidel Castro's brother and designated successor, attempting to reassure Cubans that the country remains stable after the leader's hospitalization.

Friday, August 4th 2006 - 21:00 UTC

Smog leveles force Santiago to declare pre emergency

Santiago de Chile registered the year's highest level of smog Wednesday, leading authorities to declare a pre-emergency that lasted 24 hours. Air contamination dropped to a safe level Thursday due to a frontal system bringing higher humidity and better ventilation.

Friday, August 4th 2006 - 21:00 UTC

Markets speculate with “pause” in Fed's interest hike

Currency markets are speculating that the US Federal Reserve would bring a pause to its cycle of interest rate hikes next week following the Friday release of July employment figures showing a considerable growth slow in jobs creation and earlier information of a cooling of the US economy.