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Stories for June 11th 2008

• Wednesday, June 11th 2008 - 21:00 UTC

  Warning that Uruguay is running out of “fiscal margin”

  In spite of the good performance of the Uruguayan economy academics and former ministers have warned that given the expansion of public spending and subsidies to alleviate energy prices, the government is running out of “fiscal margin” in the event of a contingency.

• Wednesday, June 11th 2008 - 21:00 UTC

  Venezuela invites private sector with joint ventures

  Venezuelan president Hugo Chávez said foreign investors have no longer “any room in the country” because they are only interested in making money and transferring earnings overseas. However, he invited private companies to joint ventures in “non strategic” areas of the economy.

• Wednesday, June 11th 2008 - 21:00 UTC

  Methanex plant in P. Arenas will appeal to coal for electricity

  

  Canada's Methanex plant in the extreme south of Chile is planning to generate electricity from coal thus sparing more natural gas to convert into methanol, announced the company in Punta Arenas.

• Wednesday, June 11th 2008 - 21:00 UTC

  Gibraltar allows norovirus infected cruise visitors to land

  Passengers on board the cruise ship MV Ventura were allowed to visit Gibraltar despite a handful of the passengers being ordered to remain on board because of a recent virus outbreak, according to the Gibraltar Chronicle.

• Wednesday, June 11th 2008 - 21:00 UTC

  UK truckers row over pay triggers petrol panic-buying

  Crucial talks aimed at averting a strike in the United Kingdom by hundreds of tanker drivers have been held amid signs some drivers are panic-buying petrol. Leaders of the Unite union met officials of two companies working on Shell contracts in a bid to resolve a row over pay.

• Wednesday, June 11th 2008 - 21:00 UTC

  Brazil May inflation records fastest pace in three years

  

  Consumer prices in Brazil rose in May at the fastest pace in more than three years, 0.79%, underscoring concerns about inflation pressures in Latinamerica's largest economy.