Stories for June 2008

Wednesday, June 11th 2008 - 21:00 UTC
Supreme Court to rule on Argentine farmers' conflict controversy

Argentina's Supreme Court accepted competence on the sliding export taxes on grains and oilseeds question, which triggered the farmers' conflict, and will consider a demand presented by an Argentine province which argues they “undermine federal taxes co-participation”, according to Justice sources quoted in Buenos Aires La Nacion.
Wednesday, June 11th 2008 - 21:00 UTC
Obama announces windfall profits tax on oil corporations

Democratic presidential candidate Barack Obama sought to tap into US citizens' anxiety over high gasoline prices yesterday by pledging to seek a windfall profits tax on US oil companies if elected.
Wednesday, June 11th 2008 - 21:00 UTC
Transport strikes behind looming fresh fish shortage

Madrid's central market 'Mercamadrid' reported 89 per cent fewer trucks arriving with fresh fish shipments on Tuesday. Usually 90 vehicles enter and supply the market but on Tuesday only 10 entered, market authorities announced.
Wednesday, June 11th 2008 - 21:00 UTC
Falkland Islands “flourishing” upbeat assessment in London

The Falkland Islands' economy is flourishing and its future promises even greater potential. This was the encouraging assessment given by Falklands Councillor Mike Summers at the Falklands Government annual reception in London marking the anniversary of liberation from the 1982 Argentine invasions and restoration of democracy.
Wednesday, June 11th 2008 - 21:00 UTC
Uruguayan economy expanded 10.9% in the first quarter

Boosted by strong exports of agricultural commodities and domestic demand for communications services the Uruguayan economy expanded 10.9% in the first quarter of this year, compared to the same period a year ago.
Wednesday, June 11th 2008 - 21:00 UTC
Argentine consumers' expectations decline to lowest since 2003

Public opinion perception and expectations about the Argentine economy are currently going through the most serious declination since the Kirchner couple first reached government in 2003.
Wednesday, June 11th 2008 - 21:00 UTC
New Falklands draft constitution announces Summers

FULL agreement has been reached between the Falklands Legislative Council and the British Foreign and Commonwealth Office on the content of the new Falklands draft Constitution, announced Councillor Mike Summers in London this week.
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.