Stories for July 2008

Monday, July 14th 2008 - 21:00 UTC
Petrobras strike: “contingency plan” guarantees supply

Brazilian government managed oil and gas corporation Petrobras reacting to a labor strike which began early Monday announced that all but two out of 38 offshore platforms are extracting hydrocarbons.
Monday, July 14th 2008 - 21:00 UTC
Chile basic rate up; consumer confidence at its lowest

Chile's Central Bank raised its target interest rate by 50 points last week to 7.25%, the highest level since February 1999. Citing the need to pull back inflation to its 3% policy goal, the bank raised the monetary policy rate (TPM) for the third time in 2008.
Monday, July 14th 2008 - 21:00 UTC
Madonna December tour to Brazil, Argentina and Chile

Although there's no official confirmation from world pop star Madonna's office about the dates of her South American tour next December, local representatives activities give a clear idea of what her schedule could be.
Monday, July 14th 2008 - 21:00 UTC
Falkland: Illex stocks hit the top for third year in a row

AS the saying goes, you can sometimes have too much of a good thing. High catches of illex taken in the Southwest Atlantic in the last two years flooded the world market and caused a significant drop in squid prices. Together with rocketing fuel costs many fishing companies have struggled to make their fishing profitable.
Monday, July 14th 2008 - 21:00 UTC
Argentina doubles export tax on gas pumped to Chile

The Chilean government admitted on Monday it was “foreseeable” that Argentina would impose a 100% increase on the natural gas export tax. The tax on Argentine gas exported to Chile has soared from 7.8 US dollars per million BTU to 15.9 US dollars, which added to transport and other inputs adds to 29 US dollars per million BTU.
Monday, July 14th 2008 - 21:00 UTC
Forest fires added to UN climate change agenda

Dozens of meteorologists, fire scientists and others from 25 countries have gathered at a United Nations-backed meeting in Canada to examine how to address the intensified threat of forest fires posed by climate change.
Monday, July 14th 2008 - 21:00 UTC
Spanish group definitively decided to abandon Argentina

The Spanish group Marsans expects to finalize this week an agreement to sell Aerolíneas Argentinas and its subsidiary Austral to the Argentine government according to company sources in Madrid.
Sunday, July 13th 2008 - 21:00 UTC
Poor countries need 6 billion USD annually to pay for food

Poor countries will need some 6 billion US dollars in food aid annually, with food and energy prices expected to remain high for years to come, said Robert Zoellick, president of the World Bank.
Sunday, July 13th 2008 - 21:00 UTC
Aerolíneas back in the air rescued by Argentine gov.

The Argentine government could take control of Aerolíneas Argentinas and Austral to guarantee regularity of commercial flights and protect Argentine assets and 10.000 jobs, anticipated the representative of the State in Aerolíneas Argentinas Julio Alak.
Sunday, July 13th 2008 - 21:00 UTC
Washington promises information on IV fleet Atlantic actions

United States Assistant Secretary for Western Hemisphere Affairs Thomas Shannon said Washington will provide information to Latin American countries on the actions of the fourth fleet in Atlantic waters, to ease concerns that erupted after the United States decided to re-activate that fleet.