Stories for July 2008

Wednesday, July 23rd 2008 - 21:00 UTC
Bushconomics: “Wall Street got drunk and now has a hangover”

President George W Bush has explained the credit crunch savaging United States financial markets by saying “Wall Street got drunk”.
Wednesday, July 23rd 2008 - 21:00 UTC
Gas from coal to fuel methanol plant in extreme south Chile

Canada's Methanex, the world's main producer of methanol, is planning to convert coal into natural gas to supply its huge complex in the extreme south of Chile which has been working below capacity precisely because of insufficient gas, said the corporation's CEO Bruce Aitken.
Tuesday, July 22nd 2008 - 21:00 UTC
Falklands' veteran new commander of S. Atlantic forces

A Falkland Islands war veteran is the new Commander British Forces in the South Atlantic. Air Commodore Gordon Moulds took over as Commander British Forces South Atlantic Islands on June 14 2008, the 26th Anniversary of the liberation of the Falklands from Argentine occupation.
Tuesday, July 22nd 2008 - 21:00 UTC
FARC rejects peace talks and promises to fight on

Two leaders from Colombian rebel group FARC said they will continue to use violence to achieve their aims. The statement by the Revolutionary Armed Forces of Colombia commanders defies calls from presidents in the region to disarm and give up the fight.
Tuesday, July 22nd 2008 - 21:00 UTC
Argentine judge shelves case against Nestor Kirchner

An Argentine Judge shelved on Monday a report requesting that former president Néstor Kirchner be probed for accusing the farmers of being coup-mongers.

Rafecas' decision came after prosecutor Federico Delgado requested that the case Judge Daniel Rafeca's decision came after prosecutor Federico Delgado requested that the case submitted by lawyer Ricardo Monner Sans be shelved
Tuesday, July 22nd 2008 - 21:00 UTC
US ready to cap farm subsidies at 15 billion USD annually

United States says it is ready to cut its trade-distorting farm subsides to 15 billion US dollars a year in a bid to reach a global trade deal that could help boost the world economy.
Tuesday, July 22nd 2008 - 21:00 UTC
Grain and soy prices yield on US good weather

Wheat, corn and soybean prices eased at the start of the week on news of favorable crop weather in the US and Europe along with Argentina's decision to repeal the export tax hike.
Tuesday, July 22nd 2008 - 21:00 UTC
Massive investment in Magallanes region gas exploration

Chile's government owned oil and gas company ENAP is planning to invest over 300 million US dollars in the next three years to develop natural gas deposits in Magallanes Region, in the extreme south of the country.
Monday, July 21st 2008 - 21:00 UTC
Uribe clears the ground for a possible third mandate

Colombian President Alvaro Uribe has scrapped his plan to rerun the 2006 election in which he won re-election, the government announced, a move that could set the stage for him to seek a third term in 2010.
Monday, July 21st 2008 - 21:00 UTC
Paraguay downplays discovery of oil in commercial volumes

The Paraguayan government confirmed the existence of oil deposits in an inhospitable area to the north of the country. However one long year must elapse before the deposits can be considered commercially exploitable.