Stories for June 17th 2007

Sunday, June 17th 2007 - 21:00 UTC

Falklands' veterans remembrance march in central London

A commemorative event in central London is scheduled for this Sunday to mark the 25th anniversary of the liberation of the Falkland Islands from Argentine forces, following the 1982 South Atlantic conflict.

Sunday, June 17th 2007 - 21:00 UTC

Chavez thanks OAS for not intervening in the RCTV case

Venezuelan president Hugo Chavez thanked all Organization of American States, (OAS) country members for not supporting a United States proposal to “intervene” regarding the non license renewal for Radio Caracas Television, one of the country?s main opposition television stations.

Sunday, June 17th 2007 - 21:00 UTC

Homage to Malvinas war Argentine dead in London on July 9

The Argentine Embassy in London announced it would hold a commemorative act for the Argentine Malvinas war casualties to which no British authorities have been invited.

Sunday, June 17th 2007 - 21:00 UTC

OPEC argues world oil stocks “remain at comfortable levels”

The Organization of Petroleum Exporting Countries, OPEC continues to monitor global oil markets and is prepared to help mitigate any tightness but the level of 30 million barrels a day ensures that commercial oil stocks remain at comfortable levels for the time being, said OPEC's Secretary General in Vienna.

Sunday, June 17th 2007 - 21:00 UTC

Brazil's invests heavily to multiply natural gas production

Brazilian government-controlled oil company Petrobras is planning to invest 18 billion US dollars in the gas sector over the next four years, most of it in 2008, taking Brazil's current production from 27.5 million cubic meters in 2006 to 70 million cubic meters by 2011.

Sunday, June 17th 2007 - 21:00 UTC

Brazilian beef exports yield 1.8 billion in five months

Brazilian beef exports netted 443 million US dollars in May, a new monthly record high according to the Brazilian Beef Industry and Exporters Association (Abiec). Shipments totaled 266.000 tons, up 28.6% over May 2006.

Sunday, June 17th 2007 - 21:00 UTC

Brazilian real interest rates are the world's highest

At the beginning of June Brazil lowered its key interest rate, Selic, to 12% a year, the lowest ever and the 16th consecutive reduction since September 2005. But still when inflation is taken into account, Brazil's benchmark real interest rate is 8.3%, the highest in the world followed by Turkey with 7.6%.

Sunday, June 17th 2007 - 21:00 UTC

Argentina's energy crisis: Chile to the rescue by 2009

Growing natural gas supply cuts to Chile because of the Argentine energy crisis have caused the Chilean economy a half point GDP loss in 2006 and so far this year losses equivalent to 307 million US dollars to the manufacturing industry.

Sunday, June 17th 2007 - 21:00 UTC

Brazil revving “for takeoff rivaling China and India”

“Brazil is revving up for an economic takeoff that could rival China and India” according to Martin Weiss author of the New York investment newsletter Money and Markets who praised president Lula da Silva for having built the “foundation for the launching pad”.

Sunday, June 17th 2007 - 21:00 UTC

Mercosur dairy industry celebrates EU exports zero subsidies

The European Union decided this week to lower export subsidies for all dairy produce to zero, a decision which has been hailed by Mercosur member countries since Argentina and Uruguay are two important exports of milk, cheese and by products.