Stories for June 2007

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.
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.
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.
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
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.
Tuesday, June 5th 2007 - 21:00 UTC
Desire Petroleum Announces Acquisition of Site Survey Data in the North Falkland Basin

Desire Petroleum plc announces that on 3 June 2007, Wavefield InSeis ASA commenced a contract to acquire high resolution 2D shallow-seismic data, at a number of potential drilling sites, on its licences in the North Falkland Basin, using the seismic vessel “Bergen Surveyor”. This vessel has just finished work for Falklands Oil and Gas Limited on their licences to the south of the Falkland Islands.
Tuesday, June 5th 2007 - 21:00 UTC
Rockhopper: Environmental Impact Assessment and see signs of improvement in rig market

Rockhopper Exploration plc (Rockhopper) (AIM:RKH) is pleased to announce that it has appointed RPS Energy (RPS) to undertake an Environmental Impact Assessment (EIA) over licences PL023 and PL024. The EIA will be conducted in parallel with Desire Petroleum's EIA over licences PL006 and PL007, resulting in cost savings for both companies.
Tuesday, June 5th 2007 - 21:00 UTC
Gibraltar: Delisting process to come under UN scrutiny

The Chief Minister Peter Caruana arrived at a rain-soaked New York city last night set to address the United Nations this morning. He will be addressing the Committee of 24 at the United Nations and later hosting a lunch for the Gibraltar-American Council before his return to Gibraltar on Wednesday. The session coincides with a visit today by Ban Ki-moon the UN Secretary General.
Tuesday, June 5th 2007 - 21:00 UTC
Castro interview upcoming on Cuban TV

The latest video clip of Fidel Castro was shown Monday on state television to promote an interview of the convalescing leader to air Tuesday, his first formal interview since taking ill 10 months ago.
Tuesday, June 5th 2007 - 21:00 UTC
President Bachelet hot and cold in Switzerland

President Michelle Bachelet returned to Chile Tuesday after concluding a week long European tour Monday in Geneva, Switzerland, with a poignant speech at the United Nations Human Rights Commission.