Stories for November 2007

Wednesday, November 21st 2007 - 20:00 UTC
US dollar slumps to new low against the Euro and Yen

The dollar on Wednesday slumped to a new record low against the Euro pushed by weaker US growth prospects and pressures for another cut to US interest rates when the Federal Reserve Monetary meets next December 11.
Wednesday, November 21st 2007 - 20:00 UTC
EU big farms subsidies to be drastically capped

European Agriculture Commissioner Mariann Fischer Boel announced plans to reduce funding for Europe's biggest farmers which means anyone currently receiving more than 100,000 euros as part of the Single Payment Scheme would have their aid capped.
Tuesday, November 20th 2007 - 20:00 UTC
Trichet cautiously optimistic on global growth prospects

The chairman of the G10 group of central bankers Jean-Claude Trichet was optimistic on Monday about prospects for global growth even though he conceded that the risks remain listed to the downside.
Tuesday, November 20th 2007 - 20:00 UTC
The Kirchner couple firmly at the rudder, says The Economist

The recent announcement of cabinet members of the incoming administration of Argentine elected president Cristina Fernandez de Kirchner confirms what had been expected: “not only the same advisors but also the policies of her husband, at least initially”, according to the latest edition from The Economist.
Tuesday, November 20th 2007 - 20:00 UTC
World markets plunge on Goldman Sachs downgrading Citibank

Global markets slumped Monday amid fears over the fallout of the credit crisis, after Goldman Sachs downgraded Citibank and forecast 15 billion US dollars in losses from the US subprime market.
Tuesday, November 20th 2007 - 20:00 UTC
Desire Petroleum to complete survey in North Falkland Basin

Desire Petroleum plc announced that Wavefield InSeis ASA will return to the North Falkland Basin later this month to complete the site survey programme started earlier this year.
Tuesday, November 20th 2007 - 20:00 UTC
Falklands' snap election for LegCo seat next January 3

The Falkland Islands most voted Councillor in 2005 will be running again to recover his seat in a snap election January 3, following an embarrassing constitutional interpretation which left his seat vacant.
Tuesday, November 20th 2007 - 20:00 UTC
FAO: Aquaculture only way to meet future fish demand

The farming of fish under controlled conditions is the only way to meet future global demand, the United Nations Food and Agriculture Organization FAO said on Monday estimating that rising population numbers mean that by 2030 an additional 37 million tons of fish will be needed to maintain current levels of consumption.
Tuesday, November 20th 2007 - 20:00 UTC
UN conference condemns terrorism and Islamphobia

An international counter-terrorism conference in Tunis co-sponsored by the United Nations has wrapped up with participants stressing that no motive can ever justify acts of terrorism and that Islam should not be blamed for the phenomenon.
Tuesday, November 20th 2007 - 20:00 UTC
US joins world criticism of Japan's whale hunt season

United Stated has added its voice to international criticism of Japan's largest-ever whaling expedition. The UK, Australia and New Zealand have already urged Japan to call off this year's hunt, which will target humpback whales for the first time in decades.