MercoPress. South Atlantic News Agency
Stories for July 2nd 2008
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Wednesday, July 2nd 2008 - 21:00 UTC
Colombian forces free Ingrid Betancourt & 14 other hostages
Colombia announced Wednesday afternoon that its military had rescued former presidential candidate Ingrid Betancourt, three US military contractors and 11 other hostages from leftist rebels.
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Wednesday, July 2nd 2008 - 21:00 UTC
Argentina's Supreme Court rulings could torpedo export taxes
Argentina's Supreme Court could play a decisive role in the several months stand off between the administration of President Cristina Fernandez de Kirchner and farmers over the implementation of levies on grains and oil seeds exports.
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Wednesday, July 2nd 2008 - 21:00 UTC
Brazil announces massive support plan to increase crops
Brazil has promised farmers 78 billion Reais, approximately 48 billion US dollars, in soft loans to promote agriculture production and help curb inflation announced on Wednesday the country's development bank, BNDES.
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Wednesday, July 2nd 2008 - 21:00 UTC
Dow Jones down 20% from Oct. peak; GM lowest since 1954
The Dow Jones Industrial Average closed more than 20% below its October 2007 peak on Wednesday, meaning it is officially a bear market. The blue-chip index fell 166.8 points or 1.46% to 11,215.5, which is 21.0% below its 14,198.1 close on 11 October.
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Wednesday, July 2nd 2008 - 21:00 UTC
Colombia visiting McCain was informed of rescue operation
In a bid to boost his foreign policy credentials United States Republican presidential candidate John McCain began in Colombia a three-day visit to Latin America, highlighting his support for free trade and progress against narcotics and terrorism
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Wednesday, July 2nd 2008 - 21:00 UTC
Betancourt praises Colombian Army and President Uribe
Former presidential candidate Ingrid Betancourt said she was grateful to the Colombian Army and President Alvaro Uribe for her liberation on Wednesday together with other fourteen hostages from the FARC rebel group.
