Stories for August 2007

Thursday, August 30th 2007 - 21:00 UTC
Five senior posts reshuffle in Chinese cabinet

China replaced the finance minister, the head of the secret police and three other Cabinet members in a major reshuffle of senior posts ahead of a major Communist Party meeting that will set policies for the next five years.
Wednesday, August 29th 2007 - 21:00 UTC
Argentine company strikes gas in Magallanes Region

Argentine oil corporation Geopark Holdings Ltd announced Tuesday it had discovered gas in one of the several exploratory wells drilled in Chile's extreme south region of Magallanes.
Wednesday, August 29th 2007 - 21:00 UTC
Global markets react fearful of big banks performance

Wall Street shares cast a shadow over global stock markets again after warnings that the problems in credit markets will hit big banks' profits. The Dow Jones suffered its biggest fall since 9 August on Tuesday, closing down 280.3 points or 2.1% at 13,041.9.
Wednesday, August 29th 2007 - 21:00 UTC
Mercosur received 300 billion in foreign direct investment

Mercosur member countries received 300 billion US dollars in foreign direct investments between 1990 and 2004, reported the United Nationd Economic Commission for Latinamerica and the Caribbean, Cepal.
Wednesday, August 29th 2007 - 21:00 UTC
Argentina trusts China will not adopt trade counter measures

Argentina trusts China will not adopt reprisals following the latest trade restrictions on imports recently decided by President Nestor Kirchner's administration and which affect many Chinese goods, Argentine Secretary of Commerce Alfredo Chiaradía said on Wednesday.
Wednesday, August 29th 2007 - 21:00 UTC
China anti-corruption campaign weeds out Finance minister

China's Finance Minister Jin Renqing has been transferred to a government think-tank and will be replaced by the country's top tax collector, confirmed on Wednesday Beijing sources following press reports.
Tuesday, August 28th 2007 - 21:00 UTC
Brazilian Lula's former aide to face corruption trial

Brazil's Supreme Court on Monday agreed to hear a corruption case against former Cabinet members in a 2005 bribes-for-votes scandal that seriously damaged the reputation of the president's party.
Tuesday, August 28th 2007 - 21:00 UTC
Airlines worldwide paper ticket replace in June 2008

”The International Air Transport Association (IATA) today announced it has placed its final order for paper tickets. Some 16.5 million paper tickets were ordered from 7 specialized printers to supply the 60,000 accredited IATA travel agents in 162 markets around the world until 31 May 2008.
Tuesday, August 28th 2007 - 21:00 UTC
Chile's most plentiful river in Patagonia reaches record low

Chilean Patagonia Region XI Baker River, often dubbed the most plentiful river in Chile, is experiencing a decrease in water flow due to this year's unusually sparse rainfall. Government officials insist the conditions are temporary, but records indicate that the river's water levels have been steadily decreasing in the last several years.
Tuesday, August 28th 2007 - 21:00 UTC
UK embassy sponsored seminar addresses climate change

Climate change, and its economic impact was pushed onto the front burner at a seminar on Monday organized by the British Embassy in Argentina which the key speaker was Stephen Green, a senior economist at the UK's Ministry of Business, Enterprise and Regulatory Reform.