MercoPress. South Atlantic News Agency
Stories for August 5th 2008
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Tuesday, August 5th 2008 - 21:00 UTC
Falling crude prices drive commodities to sharp fall
Commodities fell sharply Monday as another big drop in crude prices prompted traders to shed copper, corn and other hard assets as alternative investments.
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Tuesday, August 5th 2008 - 21:00 UTC
Argentine president tough stance scares investors
Investors are bailing out of Argentine assets in response to tough talking President Cristina Fernández de Kirchner who since a press conference on Saturday has been defending her government's actions over a now defeated agricultural tax and inflation statistics.
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Tuesday, August 5th 2008 - 21:00 UTC
Falklands' veterans protest “disrespect” for HMS Exeter
Falkland Islands war veterans have accused the Royal Navy of disrespecting their sacrifice as HMS Exeter came home to a muted final welcome, according to a report from the Portsmouth News published August 5 and written by Defence correspondent Matt Jackson.
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Tuesday, August 5th 2008 - 21:00 UTC
Argentina says dead British tourist was part of “drug ring”
Argentina's Justice, Security and Human Rights Minister Aníbal Fernández said on Monday the young English tourist found dead in Buenos Aires ten months ago “was part of a drug ring,” and that she had been arrested by the federal police while probing the gang's activities.
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Tuesday, August 5th 2008 - 21:00 UTC
Foreign investment in Chile triples with 55 new projects
Chile has proved once again to be a foreign investment magnet as overseas companies have announced over 6.62 billion US dollars in projects so far this year, Chile's Economy Ministry reported.
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Tuesday, August 5th 2008 - 21:00 UTC
Fed admits high inflation but leaves rates unchanged, 2%
The Federal Reserve decided on Tuesday to keep the key interest rate unchanged at 2% in support of a slowing economy threatened by inflationary pressures and the ongoing housing contraction and high fuel prices.
