Stories for May 2008

Tuesday, May 6th 2008 - 21:00 UTC
Argentina supports South American Defence Council

In spite of growing military relations with Washington, Argentina is working closely in South American defense and integration affairs with Brazil with the purpose of “consolidating a regional military line of thinking” in the framework of Mercosur.
Tuesday, May 6th 2008 - 21:00 UTC
Uruguay heading for a record export year: 6 billion US dollars

Uruguay's exports increased 59.6% last April compared to the same month a year ago, with the whole expansion for the first four months reaching 44%, according to the latest statistics released by the government funded institution Uruguay XXI.
Tuesday, May 6th 2008 - 21:00 UTC
Uruguay rice industry wants to double production

Uruguay, South America's leading exporter of rice and among the world's top eight, traditionally has been forced to sell overseas 95% of its high quality grain given the country's scarce population and low consumption.
Tuesday, May 6th 2008 - 21:00 UTC
Oil reaches new highs on supply fears and dollar weakness

The price of a barrel of oil reached Monday above 120 US dollars for the first time, driven by concerns about the situations in Nigeria and northern Iraq. US light sweet crude rose to a record of 120.36 a barrel in morning trading in New York before falling back to a record close of 119.97, up 3.65 over Friday.
Tuesday, May 6th 2008 - 21:00 UTC
Falklands trawler in South Georgia icefish survey

The Falkland Island registered trawler “Sil” has been chartered by Government of South Georgia, South Sandwich Islands for a research fishing cruise.
Tuesday, May 6th 2008 - 21:00 UTC
Uruguay's April inflation of 0.33% surprises experts

Uruguay's consumer price index, CPI, increased 0.33% in April the best performance so far in 2008 and the lowest since April 1962. This means that CPI in the first four months of the year reached 3.2%, (annualized 9.92%) and below the same period in 2007 (4.98%), according to the latest release from the national Statistics Institute.
Tuesday, May 6th 2008 - 21:00 UTC
Anti-inflation plan cost Uruguay 0.8% of GDP in 7 months

Public utilities rates subsidies which have been applied since September 2007 to help contain inflation have cost the Uruguayan treasury 185 million US dollars, equivalent to 0.8% of the country's GDP. Prices are estimated to have moderated 1.5% on an annual basis.
Monday, May 5th 2008 - 21:00 UTC
Canadian yacht rescued by ARA east of Falklands

A Canadian solo navigator whose boat suffered a rollover and was heading to the Falkland Islands for repairs was rescued by an Argentine Navy vessel and is ready to return to his hometown of Victoria, according to the latest reports from Argentina and Canada.
Monday, May 5th 2008 - 21:00 UTC
MPs support joint effort to improve Falklands' airbridge

Members of Parliament on the House of Commons Public Accounts Committee have recognised the importance of the airbridge between the UK and the Falklands.
Monday, May 5th 2008 - 21:00 UTC
London's luxury rentals get an unexpected boost

London's luxury rental market, already strong and becoming stronger, is getting a further boost from an unexpected source: the U.S. credit crunch.