Stories for 2007

Wednesday, October 17th 2007 - 20:00 UTC
IMF forecasts 5.5% expansion in Argentina next year

Argentina is forecasted to expand 5.5% in 2008, the strongest in the region behind Venezuela and Peru according to prospects from the World Bank and the International Monetary Fund released Wednesday.
Wednesday, October 17th 2007 - 20:00 UTC
US Lower House votes four year extension for internet tax ban

The United States House of Representatives approved Wednesday a new four-year ban on state or local taxation of Internet over the objections of both Republicans and Democrats seeking a permanent ban. The current three-year ban on access taxes expires on November first.
Wednesday, October 17th 2007 - 20:00 UTC
Migrant workers' remittances reached 300 billion in 2006

Migrant workers sent home more than 300 billion US dollars to their families in developing countries in 2006, according to a study released Wednesday in Washington, D.C. by the International Fund for Agricultural Development (IFAD) and the Inter-American Development Bank (IDB).
Wednesday, October 17th 2007 - 20:00 UTC
EU warns China about “deeply unequal” trade relationship

The European Union trade relationship with China is “deeply unequal” said EU Trade Commissioner Peter Mandelson stressing that the EU sells more goods to Switzerland than to China.
Wednesday, October 17th 2007 - 20:00 UTC
UK preparing sea bed claims off British Antarctica

The United Kingdom has increased the list of claims of seabed rights to include a large chunk off Antarctica, an area of over a million square kilometers, according to reports in the British press quoting a spokes-woman from the Foreign Office.
Wednesday, October 17th 2007 - 20:00 UTC
Holland edge closer to Euro '08 qualification

Holland are virtually certain to qualify for the 2008 European Championships after an unimpressive 2-0 victory over Slovenia. The Dutch need just two points against the bottom teams Luxembourg and Belarus to be certain of qualification.
Tuesday, October 16th 2007 - 20:00 UTC
US private banks set up rescue fund for sub-prime debt

Three of United States largest banks have announced a plan to buy up billions of dollars of troubled investments that lost value in the global credit crunch. The unusual move aims to boost confidence in the market for short-term and sub-prime debt, preventing a further sell-off of such investments.
Tuesday, October 16th 2007 - 20:00 UTC
Cotton dispute: WTO confirms ruling in favor of Brazil

United States said Monday it was “very disappointed” with a ruling by the World Trade Organisation ruling that its subsidies to cotton farmers breached global trade rules. The finding confirms a preliminary ruling in July in favor of Brazil, which initially brought the complaint in 2005, and paves the way for sanctions.
Tuesday, October 16th 2007 - 20:00 UTC
Turkey and weak dollar push oil prices to new record high

Crude oil traded on Monday in New York above 86 US dollars a barrel on concern oil shipments may be disrupted if Turkish forces pursue Kurdish militants in Iraq.
Tuesday, October 16th 2007 - 20:00 UTC
“Nordnorge” opens Bs. Aires 2007/08 cruise season

Norwegian flagged vessel Nordnorge opened this week in Buenos Aires the Argentine cruise season which will extend until April 2 next year and include at least 99 calls of major cruise vessels, according to the local Tourist Office.