Stories for August 2007

Friday, August 31st 2007 - 21:00 UTC
Bernanke and Bush: no interest rate cuts to bail out investors

Chairman Ben Bernanke offered no clear signal that the Federal Reserve is poised to cut interest rates in a speech to central bankers on Friday, even as he reaffirmed its commitment to take into account the likely effects of financial market turmoil on the economy.
Thursday, August 30th 2007 - 21:00 UTC
Falklands appoints “modernizer” as new Chief Executive

The Falkland Islands Government announced on Wednesday the appointment of Tim Thorogood as its next Chief Executive. Normal pre-contract formalities will now begin but it is expected that Mr. Thorogood, 45, will arrive in the Islands in January 2008.
Thursday, August 30th 2007 - 21:00 UTC
Fed prepared “to act as needed” to mitigate adverse effects

Ben Bernanke said in a letter to an influential New York Senator that the Federal Reserve is ready “to act as needed” to help the US economy if the current market turmoil spills over into the broader economy.
Thursday, August 30th 2007 - 21:00 UTC
Mixed trading in global markets on hopes of lower interest rates

United States shares recovered Wednesday almost all of Tuesday's heavy falls with the Dow Jones index gaining 1.9% as investors looked to pick up bargains. Increased hopes that the Federal Reserve could cut interest rates following a letter from Chairman Ben Bernanke buoyed investors
Thursday, August 30th 2007 - 21:00 UTC
Uruguay/Argentina relations fall to bottom rock level

To the backdrop of several dozen Argentine protesters in a flotilla of boats and dinghies, Uruguayan President Tabare Vazquez on Wednesday inaugurated storage facilities and improved docks in a port serving a controversial new pulp mill built in Uruguay by Finnish pulp producer Botnia.
Thursday, August 30th 2007 - 21:00 UTC
Hundreds arrested in Santiago de Chile labor protest

Police prevented members and supporters of Chile's largest labor union – the United Workers Central (CUT) – from marching through the streets of the capital Santiago on Wednesday, after union leaders deliberately failed to seek authorization for their protest.
Thursday, August 30th 2007 - 21:00 UTC
Controversy surrounds election of next IMF managing director

The race to fill the post of Managing Director of the International Monetary Fund, IMF, completes a decisive leg this Friday when the period to register candidacies comes to a close at midnight.
Thursday, August 30th 2007 - 21:00 UTC
US economy expands 4% in Q2 boosted by exports

Improved trade and investment figures helped the US economy grow at an annual rate of 4% in the second quarter, according to the latest release from the Commerce Department.
Thursday, August 30th 2007 - 21:00 UTC
Bachelet to lobby for UN human rights council seat

President Michelle Bachelet travels to Japan and Australia this Friday in an 11-day tour of Asian nations that includes a summit meeting of the APEC regional trade group in Australia.
Thursday, August 30th 2007 - 21:00 UTC
The most powerful women in politics according to Forbes

The Forbes list of the World's Most Powerful Women this year includes 29 women helping to run governments around the world. Though that's flat from 30 in last year's ranking, those who have stayed continue to flex their muscles.