Stories for 2007

Sunday, June 17th 2007 - 21:00 UTC
Brazilian real interest rates are the world's highest

At the beginning of June Brazil lowered its key interest rate, Selic, to 12% a year, the lowest ever and the 16th consecutive reduction since September 2005. But still when inflation is taken into account, Brazil's benchmark real interest rate is 8.3%, the highest in the world followed by Turkey with 7.6%.
Sunday, June 17th 2007 - 21:00 UTC
Argentina's energy crisis: Chile to the rescue by 2009

Growing natural gas supply cuts to Chile because of the Argentine energy crisis have caused the Chilean economy a half point GDP loss in 2006 and so far this year losses equivalent to 307 million US dollars to the manufacturing industry.
Sunday, June 17th 2007 - 21:00 UTC
Brazil revving “for takeoff rivaling China and India”

“Brazil is revving up for an economic takeoff that could rival China and India” according to Martin Weiss author of the New York investment newsletter Money and Markets who praised president Lula da Silva for having built the “foundation for the launching pad”.
Sunday, June 17th 2007 - 21:00 UTC
Mercosur dairy industry celebrates EU exports zero subsidies

The European Union decided this week to lower export subsidies for all dairy produce to zero, a decision which has been hailed by Mercosur member countries since Argentina and Uruguay are two important exports of milk, cheese and by products.
Sunday, June 17th 2007 - 21:00 UTC
Santiago is once again Latam's top business city

A study by MasterCard published this week ranked Santiago de Chile as the best place in Latin America for doing business.
Sunday, June 17th 2007 - 21:00 UTC
Endangered species forum dominated by budget row

A budget row dominated the final day of the Convention on International Trade in Endangered Species (CITES) forum held in The Hague, reports the BBC. Member states approved a cut in real terms in CITES' budget, which could compromise attempts to control the illegal wildlife trade.
Sunday, June 17th 2007 - 21:00 UTC
Amazon the world's longest river, claim Brazilian scientists

Brazilian scientists claim to have established as a scientific fact that the Amazon is the longest river in the world. The Amazon is recognized as the world's largest river by volume, but has generally been regarded as second in length to the River Nile in Egypt.
Sunday, June 17th 2007 - 21:00 UTC
“Landmark entry” into force of global health regulations

The United Nations health agency announced the “landmark” entry into force this week of a set of regulations aimed at making the world more secure from threats to global health, while minimizing disruption to travel, trade and economies.
Sunday, June 17th 2007 - 21:00 UTC
London ceremony climaxes Falklands' war commemoration

Dozens of military aircraft flew over Buckingham Palace and thousands of veterans marched down the Mall in London on Sunday to mark the 25th anniversary of the end of the Falklands War between Britain and Argentina.
Saturday, June 16th 2007 - 21:00 UTC
Sex, lies and video in Tierra del Fuego governor's race

All seemed to be rolling smoothly for Argentine president Nestor Kirchner and his new political scheme in this Sunday's Tierra del Fuego governor race, until this last week.
The two leading candidates, the incumbent and his runner up in the polls are closely aligned to Kirchner's “horizontal wide ranging” political project which promised to ensure an easy victory. The third, and very distant, was a dissident lady Deputy who belongs to the most anti-Kirchner group in Argentina.