Stories for October 31st 2006

Tuesday, October 31st 2006 - 21:00 UTC

Oil prices slip by 3%

Oil prices fell by more than US$2 a barrel yesterday and heating oil futures plunged to a 15-month low as traders looked ahead to mild weather in the US and supply data due out later this week that is expected to show rising inventories of crude.

Tuesday, October 31st 2006 - 21:00 UTC

Uruguay pleased with its debt swap

Creditors tendered US$1.17 billion of eligible bonds in Uruguay's debt swap, in line with government expectations, in the country's bid to scrap lightly traded bonds and extend debt maturities.

Tuesday, October 31st 2006 - 21:00 UTC

Lula says Brazil is tired of being an “emerging power”

Re-elected Brazilian president Luiz Inacio Lula da Silva announced his second term will be dominated by political dialogue, government reforms and economic growth to ensure the battle against poverty continues and Brazil definitively abandons the “emerging countries” group.

Tuesday, October 31st 2006 - 21:00 UTC

Pulp mill protestors promise more trouble

Uruguayan authorities described on Monday Argentine pickets' decisions to block traffic on a bridge leading to Uruguay next weekend during the Ibero-American summit as “irrational”.

Tuesday, October 31st 2006 - 21:00 UTC

Misiones celebrates; Kirchner administration mute

President Nestor Kirchner received a bashing and Argentina's cyclical faith in democracy and republican institutions an impressive boost from one of the most under developed and forgotten provinces of the country.

Tuesday, October 31st 2006 - 21:00 UTC

Falklands' “first” for team of United coaches

Carlisle United will make history this week when a team of five coaches become the first delegation from a professional football team to visit the Falkland Islands.

Tuesday, October 31st 2006 - 21:00 UTC

Punta Arenas, Chile's main cruise port

Punta Arenas is forecasted to become this 2006/07 season Chile's main cruise port with a scheduled 163 foreign and domestic calls surpassing Valparaiso.

Tuesday, October 31st 2006 - 21:00 UTC

Low cost direct flights Santiago/Sao Paulo

Brazil's low cost airline Gol began this week direct flights from Santiago de Chile to Sao Paulo in Brazil with rates in the range of 170 US dollars.

Tuesday, October 31st 2006 - 21:00 UTC

Climate change will hit Latinamerica particularly hard

Latinamerica will be particularly affected by the anticipated global climate change since the regional economy is highly dependent on natural resources according to a report by British economist Sir Nicholas Stern released this week.

Tuesday, October 31st 2006 - 21:00 UTC

Lula: party purge and no “major” cabinet reshuffle

Brazilian re-elected president Luiz Inacio Lula da Silva strongly defended “urgent changes” in the leadership of his Workers Party and answered criticisms from former president Fernando Enrique Cardoso who has promised “no truce” to the Brazilian president's second administration.