Stories for August 2007

Friday, August 3rd 2007 - 21:00 UTC
Bolivian peasants promised 30 million hectares of land

Bolivian president Evo Morales signed Thursday a decree which further advances his controversial “agrarian revolution” of expropriation of idle land to distribute among the aboriginal population and which is strongly resisted by business sectors.
Friday, August 3rd 2007 - 21:00 UTC
Chavez again to the rescue of Argentina's financial woes

Argentina' cabinet chief Alberto Fernandez confirmed Thursday that the coming week Venezuela will again purchase Argentine sovereign bonds for which “we Argentines should, and must be fully acknowledged to President Hugo Chavez” for the financial help extended.
Friday, August 3rd 2007 - 21:00 UTC
“Fiscal orthodoxy”, once Cristina K becomes president

Faced with the growing turbulence of global financial markets and Senator Cristina Fernandez October 28 presidential bid Argentine President Nestor Kirchner has instructed his advisors to promote domestic consumption and ensure economic expansion, but as of next November “fiscal revenue must be higher than expenditure” according to reliable political sources in Buenos Aires.
Friday, August 3rd 2007 - 21:00 UTC
Leading Chilean bishop calls for improved income distribution

Chilean Episcopal Conference president Monsignor Alejandro Goic who played a leading mediation role in a labor conflict in the copper mines, said that one of the causes for labor strife are low salaries and suggested that the “minimum salary should really be converted into an ethical salary”.
Friday, August 3rd 2007 - 21:00 UTC
Latinamerica better prepared to face financial turbulences

Latinamerican economies are much better prepared than in the nineties to face financial turbulences, said on Friday Jose Luis Machinea, Executive Secretary for the United National Economic Committee for Latinamerica and the Caribbean, CEPAL.
Friday, August 3rd 2007 - 21:00 UTC
Volatile week ends with markets falling and fears of more to come

Stock markets in United States fell heavily on Friday following a volatile week. The Dow Jones, which saw triple digit gains on Wednesday and Thursday, fell by 2.1%, 284.8 points, to 13,178.5. The Nasdaq lost 2.5% to 2,511.25 points.
Wednesday, August 1st 2007 - 21:00 UTC
Argentina received 17.4% more tourists in half year

The number of foreign tourists arriving in Argentina during the first half of 2007 increased 17.4% reaching 1.037.226, reported the Argentine Tourism Secretariat.
Wednesday, August 1st 2007 - 21:00 UTC
Paraguay vaccinates 98% of cattle herd against FAM

Paraguay vaccinated 98% of its cattle herd against foot and mouth disease to ensure the normal flow of beef exports reported on Tuesday the government in the capital Asuncion.
Wednesday, August 1st 2007 - 21:00 UTC
Chile concerned with the fall in tourists from US and Europe

The number of foreign tourists arriving in Chile during the first half of 2007 increased 11.7% reaching 1.316.936, according to a release from the country's National Tourism Service, Sernatur. In money terms this is equivalent to 818 million US dollars, up 6%.
Wednesday, August 1st 2007 - 21:00 UTC
Venezuela looking for oil offshore Cuba, 100 miles from the US

Venezuelan government oil company, PDVSA begins this week hydrocarbons exploration in six blocks offshore Cuba, 100 miles from the United States coast, with prospects of finding abundant light crude.