Stories for July 28th 2007

Saturday, July 28th 2007 - 21:00 UTC
Kirchner claims there's a plot to hike inflation indexes

Argentine prosecutors have requested that Domestic Trade Secretary Guillermo Moreno and the newly-appointed Beatriz Paglieri, the official in charge of calculating inflation, be summoned to testify.
Saturday, July 28th 2007 - 21:00 UTC
Lan Chile Q2 profits soar 158% over a year ago

Chilean airline LAN has exceeded all expectations with a 158.9% rise in second-quarter net profits, as compared with the same period last year.
Saturday, July 28th 2007 - 21:00 UTC
IMF candidate says bridging rich/poor gap is essential

Bridging the gap between rich and poor countries should be as high a priority for the International Monetary Fund as helping to solve the world's financial imbalances, Dominique Strauss Kahn, the probable next managing director of the IMF told the Financial Times.
Saturday, July 28th 2007 - 21:00 UTC
Spain/UK/US controversy over wreck near Gibraltar

A Unites States court extended the deadline by which Odyssey Marine Exploration must reply to a request from Spain for information on a wreck arrested by the company in the Atlantic Ocean, reports the Gibraltar Chronicle.
Saturday, July 28th 2007 - 21:00 UTC
Chavez claims partners have “frozen” his huge gas pipeline project

Venezuela's Hugo Chavez said he felt disappointed that his jumbo gas pipeline proposal to supply the South American continent had been “frozen” by several of the potential beneficiaries of the multi billion project.
Saturday, July 28th 2007 - 21:00 UTC
US Congress warns Beijing about “unfair” Yuan manipulation

A key United States Senate committee supported new measures to protect US business and workers from what it says are unfair currency manipulation by China. The move is seen as a warning to China which US politicians say has depressed the value of the Yuan to boost trade.
Saturday, July 28th 2007 - 21:00 UTC
Volatility hits regional sovereign bonds risk assessment

Chile's country risk assessment shot this week to its highest level since August 2003 but is still the lowest in Latinamerica. International volatility with investors selling stocks and higher risk bonds and moving into more stable US bonds is seen as the cause behind the events of last week.
Saturday, July 28th 2007 - 21:00 UTC
Congonhas runway reopens and traffic begins to normalize

Authorities reopened the main runway at Brazil's busiest airport on Friday for the first time since a TAM Airbus 320 jetliner crashed there on July 17, killing at least 199 people.