Stories for 2007

Thursday, September 27th 2007 - 21:00 UTC
US grows 3.8% in second quarter; housing still falling

The United States expanded 3.8% in the second quarter in spite of the mid year credit crunch, weak housing and forecasts of a slowing down, according to a revised estimate released Thursday by the US Department of Commerce. In the first quarter the US economy expanded a sluggish 0.6%.
Thursday, September 27th 2007 - 21:00 UTC
Boeing predicts Latam will buy 1.700 planes in next 20 years

Boeing forecasts that demand for air travel in Latin America will see the region buy more than 1,700 planes worth 120 billion US dollars over the next 20 years.
Thursday, September 27th 2007 - 21:00 UTC
Winnie the Pooh to keep reaping millions for Disney Group

Winnie the Pooh, the honey loving bear at the heart of a royalty's lawsuit, can continue to reap millions for Disney, a Los Angeles appeals court ruled this week, tossing out the latest challenge to a disputed, lucrative contract.
Thursday, September 27th 2007 - 21:00 UTC
Venezuela's Mercosur incorporation before Brazilian Congress

The Brazilian Lower House Foreign Affairs Committee begun this week to consider the official documents of Venezuela's incorporation to Mercosur, a long delayed process with still an arduous path ahead before its final approval and which has irritated relations between Caracas and Brasilia.
Thursday, September 27th 2007 - 21:00 UTC
Fallout from global financial turbulences finds Chile strong

After the International Monetary Fund (IMF) announced that the economic crisis in the United States has not yet peaked, Chile's Minister of Finance Andres Velasco assured government officials this week Chile is prepared for economic turbulence.
Thursday, September 27th 2007 - 21:00 UTC
Iran rejects Kirchner claims and points to Judiciary “corruption”

Iran strongly rejected on Thursday Argentine President Nestor Kirchner's claim that the country failed to cooperate in a probe of a 1994 terror bombing in Buenos Aires which left hundreds dead and maimed.
Thursday, September 27th 2007 - 21:00 UTC
US/Peru trade pact vote signals change in Democrats stance

The free trade pact between the United States and Peru won bipartisan support in a crucial Congressional committee this week signaling that some opposition Democrats will be receptive to new trade deals as long as they call on other nations to adhere to international labor and environmental standards.
Thursday, September 27th 2007 - 21:00 UTC
Chile confirms US trade threat in run-up to Iraq war

Current Chilean Ambassador to the United Nations, Heraldo Muñoz, confirmed this week that, in the run up to the Iraq war, the U.S. government made clear to Chile that it risked jeopardizing the Free-Trade Agreement (FTA) between the two countries if it did not support a second resolution in the UN Security Council favoring the U.S. invasion of Iraq.
Wednesday, September 26th 2007 - 21:00 UTC
Lula da Silva proposes a Rio + 20 environment summit

Standing before the United Nations General Assembly one day after an historic meeting on climate change, the President of Brazil proposed convening in 2012 a summit on the environment, exactly two decades after the landmark international conference met there to produce the UN Framework Convention on Climate Change (UNFCCC).
Wednesday, September 26th 2007 - 21:00 UTC
IMF: markets are moving towards normalization

The liquidity crisis on global financial markets is easing and most of the world will emerge unscathed, with the exception of the United States, IMF Managing Director Rodrigo Rato said on Tuesday.