Stories for July 2008

Thursday, July 17th 2008 - 21:00 UTC
Uruguay, 2007 Latam tourism receipts growth champ

Panama continues to be the fastest-growing tourism market in Latin America, but Uruguay is the winner when it comes to growth in receipts. Meanwhile, the Dominican Republic is the country with the region's highest receipts as a percentage of GDP, according to a Latin Business Chronicle analysis of new data from the World Tourism Organization.
Thursday, July 17th 2008 - 21:00 UTC
Argentine Senate knocks out Kirchners farm export tax

After a dramatic 18hrs session senators tied 36 to 36 in two votes on the measure. Julio Cobos, the vice-president voted against the proposal, breaking the tie. The bill was approved by the lower house of Congress on July 5.
Thursday, July 17th 2008 - 21:00 UTC
Promising discovery of diamonds in north-east Paraguay

Ten diamonds ranging in size from 0.002 to 0.04 carats have been discovered in the north east of landlocked Paraguay, reported Latin American Minerals Inc., a mineral exploration company focused on the acquisition and development of properties of highly prospective countries of the region.
Thursday, July 17th 2008 - 21:00 UTC
Brazil and Colombia agree to joint Amazon border surveillance

A defense agreement to share military information, technology, training, intelligence, weapons procurement and joint exercises will be signed this weekend between Brazil and Colombia when President Lula da Silva arrives for two-day talks with his counterpart Alvaro Uribe.
Thursday, July 17th 2008 - 21:00 UTC
Argentine government takes over Aerolineas

Argentina announced Thursday it had reached an agreement with the Spanish group Marsans for the transfer of the country's main airline Aerolíenas Argentinas and its subsidiary Austral to the Argentine state.
Thursday, July 17th 2008 - 21:00 UTC
Englishwoman death in Argentina reaches House of Commons

The mysterious death in Argentina of a young Englishwoman in October of last year has reached the floor of the British House of Commons with her family's MP questioning a junior Foreign Office minister about the adequacy of the support received by the deceased woman's family from the British Embassy in Buenos Aires and questioning the return of her body to the UK without its organs.
Wednesday, July 16th 2008 - 21:00 UTC
Oil in biggest one-day drop in 17 years: closes at 138.69

Oil prices fell sharply Tuesday on concerns that a slowing US economy will decrease demand for oil. The price of crude oil in New York at one point fell more than 9 US dollars a barrel in New York trading, the biggest one-day drop in dollar terms in 17 years.
Wednesday, July 16th 2008 - 21:00 UTC
Black Tuesday for the US economy plagued with bad news

Tuesday was a particularly black day for the US with a rainfall of bad news including Federal Reserve chairman Ben Bernanke forecast of “numerous difficulties” ahead for the US economy plus reports of the highest inflation since 1981.
Wednesday, July 16th 2008 - 21:00 UTC
Financial crisis and inflation fears plunge global markets

Global shares fell sharply during Tuesday on fears over the state of the US economy, with the Dow Jones index closing at its lowest level in two years.
Wednesday, July 16th 2008 - 21:00 UTC
Argentine Senate vote: end of debate or another battle?

Hundreds of thousands of Argentines took to the streets of Buenos Aires in support of two rival rallies on the eve of a Wednesday crucial Congressional vote on farm export taxes which has triggered a four month stand off between the government and protesting farmers.