Stories for 2007

Friday, July 27th 2007 - 21:00 UTC
US economy surprises with strong 3.4% growth in Q2

The United States economy grew faster than expected over the past three months, 3.4% on an annual basis, the best quarterly performance since early 2006. In the previous quarter the economy expanded 0.6%.
Friday, July 27th 2007 - 21:00 UTC
HMS Edinburgh returns to Portsmouth after Falklands' patrol

Portsmouth-based warship HMS Edinburgh returned home on Friday after nine months on patrol around the Falkland Islands.
Friday, July 27th 2007 - 21:00 UTC
Skanska USA wins 1.9 billion contract to refurbish UN HQ

United Nations signed a contract with a United States based firm which will oversee the preconstruction stage of the seven-year, 1.9 billion US dollars refurbishment of the world body's New York Headquarters.
Friday, July 27th 2007 - 21:00 UTC
UN calls industrialized countries to help with climate change

Warning that failure to act on climate change will have grave consequences for all countries, Secretary-General Ban Ki-moon in San Francisco called for urgent international action to address the problem within the framework of the United Nations.
Friday, July 27th 2007 - 21:00 UTC
Week ends with global share sell-off fears unabated

Unite States stock markets dropped sharply Friday, extending a global share sell-off amid fears about the effect of higher interest rates on the world economy. There are growing concerns that higher rates will hit corporate profits and takeover deals, and dent consumer spending.
Thursday, July 26th 2007 - 21:00 UTC
Bush leads race for most unpopular US president in modern history

With 18 months left in office, President George W Bush is in the running for most unpopular president in the history of modern polling. The latest Washington Post-ABC shows that 65% of United States citizens disapprove of Bush's job performance, matching his all-time low.
Thursday, July 26th 2007 - 21:00 UTC
US slowdown makes China largest contributor to global growth

The International Monetary Fund raised its forecast for growth in the global economy for this year to 5.2%, up form its April forecast of 4.9%.
Thursday, July 26th 2007 - 21:00 UTC
Argentine peso looses ground for third day in a row

The Argentine peso slid for the third day in a row, hitting four-year lows against the US dollar in the range of 3.15/3.20 while the stock market recovered at the end of the day after having lost ground earlier.
Thursday, July 26th 2007 - 21:00 UTC
Rockhopper completes volumetric work in North Falklands' basin

Rockhopper Exploration plc, the North Falkland Islands explorer, announced that volumetric work has been completed on the Company's leads and prospects in licences PL023 and PL024. The work suggests un-risked P50 recoverable reserves of in aggregate 2.5 billion barrels of oil providing encouragement against the backdrop of an easing rig market.
Wednesday, July 25th 2007 - 21:00 UTC
Argentina charters Russian icebreaker for Antarctic season

Argentina decided to charter a Russian icebreaker to supply its Antarctic bases this coming summer replacing its own “Almirante Irizar” which caught fire in the high seas last April and is currently on a long process of repairs and recovery, reported Wednesday the Buenos Aires press.