Stories for May 2008

Wednesday, May 7th 2008 - 21:00 UTC
IMF helping Latam with second effects of food prices

IMF Managing Director Dominique Strauss-Kahn warned on Wednesday about soaring food prices and the need to cushion the impact on the poor and revealed that the fund is already advising governments and central banks in Latin America on how to limit the second-round effects of the price shocks on the poor.
Wednesday, May 7th 2008 - 21:00 UTC
WTO has no short term solution to soaring food prices

The World Trade Organisation cannot deliver a short-term solution to soaring food prices but a successful end to global trade talks would help in the longer term, WTO chief said on Wednesday.
Wednesday, May 7th 2008 - 21:00 UTC
Argentina's car manufacturing posts record in April

Argentina's car manufacturing industry posted an increase in production of 31.5% in April compared to the same month a year ago. The total number of units manufactured in April was 54.622, according to ADEFA car manufacturer's organization.
Wednesday, May 7th 2008 - 21:00 UTC
Fresh calls for Hillary to drop out of Democratic party nomination

A staunch supporter of US presidential hopeful Hillary Clinton, South Dakota Senator George McGovern called on the New York Senator to drop out of the race and let Senator Barack Obama secure the Democratic Party nomination.
Wednesday, May 7th 2008 - 21:00 UTC
Volcanic ashes reach south Buenos Aires and Atlantic Ocean

Ash from the erupting Chaiten volcano in Chilean Patagonia has continued to advance into Argentina and the Southern Atlantic Ocean blanketing the city of Bahia Blanca (800 kilometers south of Buenos Aires City) and adjacent areas in the south of the province of Buenos Aires.
Wednesday, May 7th 2008 - 21:00 UTC
Forecaster of oil at 100 dollars, now announces U$D 200

The price of crude oil could soar to 200 US dollars a barrel in as little as six months, as supply continues to struggle to meet demand, warned a report from Goldman Sachs energy strategist Argun Murti as benchmark US light crude passed the 123 dollars mark for the first time
Tuesday, May 6th 2008 - 21:00 UTC
South Atlantic: Spanish vessel completes fisheries study

The research vessel, the Miguel Oliver, owned by the Spanish Government, completed a fisheries resources study of Patagonian platform international waters on 15 April.
Tuesday, May 6th 2008 - 21:00 UTC
Chaiten volcano gives no rest and thickens ash blanket

More than 5 000 people had been evacuated in southern Chile, following the eruption of the Chaiten volcano. On Monday, authorities evacuated the town of Futaleufu, some 60 kilometers from the volcano while the remaining residents of the town of Chaiten had left over the weekend.
Tuesday, May 6th 2008 - 21:00 UTC
Regional efforts to solve Bolivia's political impasse

The Organization of American States Secretary General, OAS, Jose Miguel Insulza praised on Monday the Bolivian promoters of the Santa Cruz autonomy referendum for having expressed no secessionists or contrary to law intentions.
Tuesday, May 6th 2008 - 21:00 UTC
World central bankers warn of rising food prices and inflation

European Central Bank President Jean- Claude Trichet, who chaired a meeting of central bankers of the world's leading nations warned on Monday about rising food prices and significant inflationary risks.