Stories for June 2008

Saturday, June 7th 2008 - 21:00 UTC
Argentine farmers respond to Church and ombudsman calls

Argentina's farmers announced Friday the end of their third strike in three months at the request of the Catholic Church, as of next Monday, but warned they'd continue on “alert” until the government repeals new export taxes on grains and oilseeds.
Saturday, June 7th 2008 - 21:00 UTC
Oil keeps breaking records: 16 dollars jump in two days

The oil price rebounded on Friday to gain over ten dollars a barrel to almost 139 while US stock prices plummeted following the report of a sharp rise in unemployment. Oil soared after Israel raised the specter of an Israeli military strike on Iran and reports that it could reach 150 US dollars a barrel by July.
Saturday, June 7th 2008 - 21:00 UTC
Japanese banks feels the fallout from US subprime crisis

Japanese banks are feeling the fallout from the US subprime mortgage crisis and the credit crunch, according to the country's financial watchdog.
Saturday, June 7th 2008 - 21:00 UTC
Arms dealer involved with FARC extradited from Spain to US

The Spanish government on Friday authorized the extradition to the United States of a suspected Syrian weapons dealer accused of planning to supply arms to Colombian rebels, the government said in Madrid.
Saturday, June 7th 2008 - 21:00 UTC
Home foreclosures in the US set new record in first quarter of 08

United States home foreclosures and late payments set records over the first three months of the year and are expected to keep rising, stark signs of the housing crisis' mounting damage to homeowners and the US economy.
Saturday, June 7th 2008 - 21:00 UTC
Argentine flag request for Darwin cemetery conveyed to London

The British ambassador said the Argentine government request to have a permanent flag at the Darwin cemetery in the Falkland Islands will be conveyed to the Foreign Office, according to the spokesperson for the UK diplomatic representation in Buenos Aires.
Friday, June 6th 2008 - 21:00 UTC
Falkland Islands: Weekly Penguin News update

Headlines: Leiv sails single-handed from Spain; Options were limited for disposal of Ocean 8; Fishing industry 'penalised' by FIG; Dong Bang burns in FOCZ north.
Friday, June 6th 2008 - 21:00 UTC
Argentine president denies shopping spree in Rome

The Argentine government “emphatically” denied a publication in the Italian daily Corriere Della Sera, which with “manifest malice” reported about some alleged extravagant shopping of President Cristina Fernandez de Kirchner during her recent visit to Rome for the summit on hunger emergency.
Friday, June 6th 2008 - 21:00 UTC
US unemployment rate picks up speed: 5.5% in May

The United States unemployment rate rose at its fastest pace in more than two decades in May, stoking fears of recession in the world's biggest economy. The surprise jump in May's jobless rate to 5.5% from 5% is the most recent signal yet that US growth is stalling.
Friday, June 6th 2008 - 21:00 UTC
“Many airlines will not survive” oil crisis warns IATA

The leaders of the world's airlines unanimously agreed to a resolution calling for governments, airports and labour to take immediate action to help the industry survive the growing financial crisis.