Stories for August 2008

Tuesday, August 5th 2008 - 21:00 UTC
Uruguay's ruling coalition leads in vote intention with 42%

Uruguay's ruling coalition leads vote intention with a solid 42%, seven points ahead of the main opposition party, Nacional with 35%, according to a public opinion poll from consultants Cifra which was released on Monday.
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.
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.
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.
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.
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.
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.
Monday, August 4th 2008 - 21:00 UTC
Argentina, Venezuela seek arrest in suitcase scandal

Venezuelan authorities are seeking the detention of a dual Venezuelan-US citizen caught last year in Argentina with a suitcase stuffed with hundreds of thousands of dollars in cash.
Monday, August 4th 2008 - 21:00 UTC
Falklands added to Argentina stand off with Vatican

The coming visit this week to Argentina of a top official from the Holy See has triggered speculation in the Buenos Aires press that a Vatican request for the creation of a new diocese in Tierra del Fuego “could include the Falkland Islands”.
Monday, August 4th 2008 - 21:00 UTC
Minerva II opens Montevideo 2008/09 cruise season

The first vessel to call in Montevideo port, Uruguay, this coming 2008/09 cruise season is Minerva II which will be arriving November 21st, according to an official report from local authorities.