Stories for October 1st 2007

Monday, October 1st 2007 - 21:00 UTC
Inflationary debate rages in Argentina; food CPI ranges 15%

Prices in Buenos Aires supermarkets and groceries jumped 1.6% in August totaling 14.1% in the first eight months of the year according to reports from the controversial Argentine Statistics and Census Office, Indec.
Monday, October 1st 2007 - 21:00 UTC
Multilateralism, only way to tackle global concerns says UN

Whether it is resolving conflicts, protecting human rights, achieving development goals or safeguarding the environment, the only viable way to effectively tackle today's complex global challenges is through multilateral cooperation, underlined United Nations Secretary-General Ban Ki-moon
Monday, October 1st 2007 - 21:00 UTC
China becoming world leader in wool processing

During the first seven months of this year China purchased 202.000 tons of wool, equivalent to 1.13 billion US dollars, up 61% over the same period a year ago according to the Uruguayan Wool Secretariat.
Monday, October 1st 2007 - 21:00 UTC
Cuba and the “new climate” after more foreign investors

Cuba is considering further opening its economy to foreign investments given the “new climate” for business and “economic consolidation”. However errors of the past 2will not be repeated”.
Monday, October 1st 2007 - 21:00 UTC
Comfortable lead for Cristina K but 29% of voters undefined

With only 28 days to Argentina's presidential election incumbent candidate Cristina Kirchner comfortably leads vote intention with 39.8%, and 28 points ahead of runner up Elisa Carrió, 11.7%, but there's still 22.7% undecided.
Monday, October 1st 2007 - 21:00 UTC
October 10 begins bidding process for Magallanes oil

Next October 10 begins the timetable for oil corporations interested in the bidding process for hydrocarbons exploration and production in the Magallanes Region in the extreme south of Chile.
Monday, October 1st 2007 - 21:00 UTC
IMF is no longer “policeman” says Strauss-Khan

“The IMF can no longer play the role of policeman” admitted incoming International Monetary Fund Managing Director Dominique Strauss-Kahn who added that the global economy is drastically different from when the IMF was created, and therefore “must adapt to change”.
Monday, October 1st 2007 - 21:00 UTC
Bush and Chavez in the same bag: worst regional image

United States president George Bush and Venezuela's Hugo Chavez are the regional leaders with the worst image, according to a public opinion poll published this week end in the influential Brazilian daily O Estado de Sao Paulo.
Monday, October 1st 2007 - 21:00 UTC
Brazil's Congress has Venezuela's Mercosur incorporation on hold

The Brazilian Executive is hopeful and “confident” Venezuela will finally become a full member of Mercosur because it's a decision that favors “Brazil, South American integration and Venezuela”.
Monday, October 1st 2007 - 21:00 UTC
Turbulence: strong € displaces concern with weak US dollar

As the Euro hits new highs against the US dollar conflicting signals seem to be coming from Europe as to how address the issue, but much will depend on what happens next Thursday when the European Central Bank and the Bank of England hold monthly meetings.