Stories for May 13th 2008

Tuesday, May 13th 2008 - 21:00 UTC
Officials optimistic following EC inspection mission

Uruguay last week successfully passed inspections undertaken by the Food and Veterinary Office Follow-up Mission of the European Commission's (EC) DG SANCO agency, governmental sources announced.
Tuesday, May 13th 2008 - 21:00 UTC
French banks take their toll from the subprime crisis

France's biggest retail bank Credit Agricole, is contemplating asking shareholders for an estimated 9.1 billion US dollars to help its financial position after further subprime losses. The move comes after more write-downs at its Calyon investment banking unit as a result of the credit squeeze.
Tuesday, May 13th 2008 - 21:00 UTC
Heathrow T5 fiasco becomes managers mincing machine

The London Heathrow airport boss who oversaw the opening of Terminal 5 is to leave his job, the airport's owner has said. Mark Bullock had “chosen to leave” his job as the airport's managing director because of a change to management roles, according to Spanish-owned BAA.
Tuesday, May 13th 2008 - 21:00 UTC
Cordoba and Santa Fe provinces support farmers' claims

Argentine striking farmers confirmed on Monday a powerful supporter in their conflict with the President Kirchner administrations over the grains and oil seeds export taxes controversy.
Tuesday, May 13th 2008 - 21:00 UTC
Inflation “rapidly raveling” Kirchner's economic model

Former Argentine Economy minister Roberto Lavagna and considered the architect of the spectacular recovery of the Argentine economy following the 2001/02 melting and default said that former president Nestor Kirchner “does not understand economics” and his economic model is “rapidly raveling”.
Tuesday, May 13th 2008 - 21:00 UTC
East Falklands vulnerable to climate change sea level rise

The low lying land of Lafonia on East Falklands and other offshore islands will be vulnerable to a rise in sea level, as a result of climate change, according to newly released paper 'Falkland Islands State of the Environment 2008'.
Tuesday, May 13th 2008 - 21:00 UTC
Erupting volcano imperils two million sheep in Patagonia

Two million sheep in the Argentine Patagonia province of Chubut are suffering the consequences of the ash blanket spewed by the eruption of the volcano Chaiten in neighboring Chile according to primary estimates from local authorities.
Tuesday, May 13th 2008 - 21:00 UTC
Hacker posts on blog info on six million Chileans

A hacker posted the personal information of six million Chileans on a popular tech blog last weekend revealing the names, addresses, national identity cards numbers, email addresses and social and academic background of nearly 40% of the country.
Tuesday, May 13th 2008 - 21:00 UTC
Argentina/Chile Dakar edition begins January 3 in Bs. As.

Argentina and Chile will be hosting for the first time ever the 2009 edition of the Dakar rally that will extend from next January 3 to 18 covering 9.000 kilometers. The announcement was made on Tuesday in Paris by Patrice Clerc, president of Amaury Sport Organization and Etienne Lavigne director of the competition.
Tuesday, May 13th 2008 - 21:00 UTC
US Fed member formally puts inflation as a “key risk”

The president of the US Federal Reserve Bank in Cleveland Sandra Pianalto said Tuesday in Paris that inflation remains a top risk to the economic outlook, but that the Federal Reserve's rate-cutting strategy was likely not to stoke inflationary pressures.