MercoPress. South Atlantic News Agency
Stories for June 7th 2007
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Thursday, June 7th 2007 - 21:00 UTC
HMS Dumbarton Castle: Small Ship, Big Name
The longest ship name in the Royal Navy is not always an advantage. In fact, it can sometimes weigh a few hundred tons. In this case, the name is longer than the ship herself. When you stand on Victory Green in the heart of Stanley, you can see it. The white name of the final Royal Navy Castle Class Ship set quite literally in stone surrounded by boggy, green undergrowth.
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Thursday, June 7th 2007 - 21:00 UTC
Uruguay's May inflation 0.76% and 5.37% in five months
Uruguay's consumer prices index increased 0.76% in May, totaling 5.37% in the first five months of the year and 8.25% in the last twelve months, according to the country's Statistics Institute.
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Thursday, June 7th 2007 - 21:00 UTC
Spain needs more immigrants to sustain economic growth
Immigrants who live and work in Spain generated over half of the country's economic growth in the last five years, according to the report “España 2007” from the Encuentro Foundation which estimates that foreigners living in Spain represent 10% of total population, almost 4.5 million people.
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Thursday, June 7th 2007 - 21:00 UTC
Venezuela and allies after defense bloc and development bank
President Hugo Chavez called for the creation of a common defense pact between Venezuela, Cuba, Nicaragua and Bolivia and announced the creation of a development bank to finance joint projects for the four countries.
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Thursday, June 7th 2007 - 21:00 UTC
Taiwan more isolated as it looses friends in Central America
President Oscar Arias announced Wednesday that Costa Rica has broken diplomatic ties with Taiwan and established relations with China, delivering a blow to Taipei?s fragile international standing. Arias said Costa Rica needed to strengthen ties with China to attract foreign investment.
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Thursday, June 7th 2007 - 21:00 UTC
Argentina estimates annual inflation in the range of 9.5 to 10%
Argentine Economy minister Felisa Miceli estimated inflation this year will range between 9.5 and 10%, following the release of the May index, 0.4%. She also announced that the issuing of a bond in local currency to soak liquidity from the money market was very successful
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Thursday, June 7th 2007 - 21:00 UTC
UK interest rate unchanged at 5.5% but inflation still above target
The Bank of England left Thursday UK interest rates unchanged at 5.5% but analysts say a rate rise later this year remains likely. UK rates have been increased four times since August last year in an attempt to rein in inflation.
