Stories for October 4th 2007

Thursday, October 4th 2007 - 21:00 UTC
US dollar continues to drop against Chilean peso

The US Dollar dropped to its lowest value in relation to the Chilean Peso in over seven years on Monday, before slightly rebounding on Tuesday. Meanwhile, President Michelle Bachelet responded to this news by saying that the currency's continuing decline is a source of concern in Chile.
Thursday, October 4th 2007 - 21:00 UTC
Australia's Billiton shrugs off Argentine legal actions threats

Resources giant BHP Billiton appears to have shrugged off the threat of legal sanctions by Argentina following the decision to acquire oil and gas exploration acreage off the disputed Falkland Islands according to reports in the Australian press
Thursday, October 4th 2007 - 21:00 UTC
Uruguay September inflation 0.41%; 8.9% in 12 months

Consumer prices in Uruguay increased 0.41% in September, accumulating 8.67% in the nine months of 2007 and 8.9% in the last twelve months, according to the official Statistics Office, INE.
Thursday, October 4th 2007 - 21:00 UTC
US Secretary of Commerce visit to Brazil and Uruguay

United States Secretary of Commerce Carlos M. Gutierrez announced Wednesday he will travel to Uruguay Oct. 8-9 and Brazil Oct. 9-11 to discuss with senior government officials and the business community ways to promote greater bilateral trade, economic growth and opportunity and to foster greater commercial cooperation between the United States and both Uruguay and Brazil.
Thursday, October 4th 2007 - 21:00 UTC
Cardiff unveiled the Welsh National Falklands Memorial

The first Falkland Islands war memorial in Wales was uneviled in Catahys Park, Cardiff, during a ceremony that gathered hundreds of South Atlantic war veterans.
Thursday, October 4th 2007 - 21:00 UTC
Playboy photos reveal latest Brazilian political scandal

A beautiful journalist at the heart of one of the latest Brazilian Congress scandals has hit the cover of the Brazil edition of Playboy and become an instant sales success.
Thursday, October 4th 2007 - 21:00 UTC
Arrest of Pinochet ring: in Chile “no one is above the law”

President Michelle Bachelet called for calm and said “no one is above the law” in Chile following the indictment on Thursday on corruption charges of 23 people related to former dictator General Augusto Pinochet including his widow and five children.
Thursday, October 4th 2007 - 21:00 UTC
Alleged Malvinas war dead discovered in Brazilian prison

He was given for dead and honoured in multiple ceremonies as one of the 649 Argentine combatants who lost their lives 25 years ago in the Malvinas war. However just a few days ago with the help of internet his sister discovered Efrain Renato Salcedo was alive, but imprisoned in Brazil, reports the Argentine press.
Thursday, October 4th 2007 - 21:00 UTC
FT mocks Mrs. K devotion to foreign travel

The Buenos Aires Financial Times office wrote a scathing article about the Argentine First Lady and presidential candidate Cristina Fernandez de Kirchner saying she devotes so much time to foreign travel during her election campaign that it almost looks as though “she is running for a job at the United Nations, not the presidency of Argentina”.
Thursday, October 4th 2007 - 21:00 UTC
Inflation and strong currency threaten Peruvian economy

As several other commodity-exports dependent countries in South America, Peru's economy is booming growing at an estimated 8%, following last year's 7.6%. However this success and the massive influx of US dollars is distorting monetary policy and delaying an improved wealth distribution.