Stories for June 7th 2007

Thursday, June 7th 2007 - 21:00 UTC
Venezuela will abandon the IMF and WB “at the right moment”

Venezuela will abandon the International Monetary Fund and the World Bank “at the right moment” said President Hugo Chavez on Wednesday.
Thursday, June 7th 2007 - 21:00 UTC
Split among members and street riots engulf G8 summit

The G8 summit in Germany promises to be one of the toughest on record with disagreement over how to tackle climate change and worsening relations between Russia and the West. Outside police used water cannon to try to break up anti-G8 protestors.
Thursday, June 7th 2007 - 21:00 UTC
With inflation under control Brazil lowers basic rate to 12%

Brazil's Central Bank on Wednesday shaved 50 points of the Selic reference interest rate which now stands at 12% a historic low and in line with market expectations.
Thursday, June 7th 2007 - 21:00 UTC
Euro basic interest rate hiked to 4% and further rises hinted

The European Central Bank raised its key interest rate by 25 points to 4% Wednesday and hinted that further hikes could come to tame inflation in a dynamic euro-zone economy.
Thursday, June 7th 2007 - 21:00 UTC
Argentina: excellent squid season but weak foreign demand

The current Illex squid season for Argentina has been one of the best in the last five years but exports have not been as dynamic: in the first quarter of this year overseas sales were a modest 37.300 tons, (36 million US dollars) according to Chubut province press reports.
Thursday, June 7th 2007 - 21:00 UTC
Easter Islands now a “special territory” with more autonomy

The Chamber of Deputies of Chile this week approved an initiative that designates both Easter Island (Rapa Nui) and the Juan Fernández archipelago as “special territories.”
Thursday, June 7th 2007 - 21:00 UTC
Andean nations object to Fifa high altitude grounds' ban

Representatives from five Andean nations have signed a declaration in Bolivia opposing Fifa's ban on high-altitude international football.
Thursday, June 7th 2007 - 21:00 UTC
UN-backed forum on disaster reduction kick off

Representatives of more than 100 governments converged in Geneva today to launch a new United Nations-chaired forum on disaster reduction that is expected to the major international consultative group on the issue.
Thursday, June 7th 2007 - 21:00 UTC
Falklands attend Patagonian shelf forum

During late March, Falklands Conservation, as part of Birdlife International, attended the fifth meeting of the Forum for the Conservation of the Patagonian shelf and areas of influence in Buenos Aires.
Thursday, June 7th 2007 - 21:00 UTC
“No adverse effects” from Uruguay's Botnia pulp mill says Argentina's Academy of Engineering

A document from Argentina's National Academy of Engineering on the installation of cellulose pulp mills on the coast of the river Uruguay and which has become a contentious environmental issue between the neighboring countries, states that “no adverse effects are to be expected on health or biodiversity, and no pollution shall affect Argentine coasts or territory”.