President Hugo Chavez called for the creation of a common defense pact between Venezuela, Cuba, Nicaragua and Bolivia and announced the creation of a development bank to finance joint projects for the four countries.
President Oscar Arias announced Wednesday that Costa Rica has broken diplomatic ties with Taiwan and established relations with China, delivering a blow to Taipei?s fragile international standing. Arias said Costa Rica needed to strengthen ties with China to attract foreign investment.
Argentine Economy minister Felisa Miceli estimated inflation this year will range between 9.5 and 10%, following the release of the May index, 0.4%. She also announced that the issuing of a bond in local currency to soak liquidity from the money market was very successful
The Bank of England left Thursday UK interest rates unchanged at 5.5% but analysts say a rate rise later this year remains likely. UK rates have been increased four times since August last year in an attempt to rein in inflation.
Desire Petroleum plc announces that on 3 June 2007, Wavefield InSeis ASA commenced a contract to acquire high resolution 2D shallow-seismic data, at a number of potential drilling sites, on its licences in the North Falkland Basin, using the seismic vessel Bergen Surveyor. This vessel has just finished work for Falklands Oil and Gas Limited on their licences to the south of the Falkland Islands.
Rockhopper Exploration plc (Rockhopper) (AIM:RKH) is pleased to announce that it has appointed RPS Energy (RPS) to undertake an Environmental Impact Assessment (EIA) over licences PL023 and PL024. The EIA will be conducted in parallel with Desire Petroleum's EIA over licences PL006 and PL007, resulting in cost savings for both companies.
The Chief Minister Peter Caruana arrived at a rain-soaked New York city last night set to address the United Nations this morning. He will be addressing the Committee of 24 at the United Nations and later hosting a lunch for the Gibraltar-American Council before his return to Gibraltar on Wednesday. The session coincides with a visit today by Ban Ki-moon the UN Secretary General.
The latest video clip of Fidel Castro was shown Monday on state television to promote an interview of the convalescing leader to air Tuesday, his first formal interview since taking ill 10 months ago.
President Michelle Bachelet returned to Chile Tuesday after concluding a week long European tour Monday in Geneva, Switzerland, with a poignant speech at the United Nations Human Rights Commission.
Britain warned Moscow it must decide whether it wanted a constructive relationship with the West after president Vladimir Putin threatened to target Europe with Russia's nuclear weapons.