Stories for September 2008

Wednesday, September 17th 2008 - 21:00 UTC
“Civil war risk persists” if Morales remains intransigent

Bolivian president Evo Morales should accept a credible international mediation to avoid a more serious confrontation with the opposition, or he runs the risk of triggering a civil war in the country, warns Eduardo Gamara, a Bolivian political scientist and professor at the International University of Florida in Miami.
Wednesday, September 17th 2008 - 21:00 UTC
Paraguay's Lugo in Brazil to demand “electricity fair deal”

Paraguay's new President Fernando Lugo visited Brazil Wednesday with the purpose of launching talks on a deal to give the landlocked country a fairer share of the revenue for the electricity generated by a huge dam built across the two countries border.
Wednesday, September 17th 2008 - 21:00 UTC
Canadian company finds crude in northeast Argentina

An oil deposit was discovered in an exploratory well in the northeast Argentina province of Formosa announced the Canadian company Gran Tierra Energy Inc. The Calgary based company said Wednesday it plans long-term production testing on the Proa.x-1 well and will begin commercial oil sales in about a week.
Tuesday, September 16th 2008 - 21:00 UTC
Citibank report warns Uruguay about higher inflation risks

Uruguay's fiscal deficit will be double the government's targets for 2008 and 2009 “increasing risks” for the coming year (which happens to be an electoral year). Clearly “expansive” monetary and fiscal policies together with mounting pressure for higher salaries and an “overheated economy” will sustain “strong” inflationary pressures this year and in 2009.
Tuesday, September 16th 2008 - 21:00 UTC
Global uncertainty settles oil prices below 100 US dollars

Oil prices lost five US dollars ending Monday below 100 US dollars a barrel for the first time in six months, spurred by concerns about the global economy. With banking giant Lehman Brothers filing for bankruptcy protection, US light sweet crude closed Monday in New York at 95.71 and London Brent 92.38 US dollars a barrel.
Tuesday, September 16th 2008 - 21:00 UTC
Brazil determined to join the exclusive nuclear fusion club

Brazil is determined to join the world's exclusive club of nuclear research and is willing to contribute with a billion US dollars to participate in the ambitious International Thermonuclear Experimental Reactor, ITER project in France.
Tuesday, September 16th 2008 - 21:00 UTC
South America full support for Morales; advisory committee

South American leaders ratified their full support for the constitutional government of Bolivia and elected President Evo Morales following an emergency meeting Monday in Santiago de Chile.
Tuesday, September 16th 2008 - 21:00 UTC
Uncertainties and “rough spots” ahead for world markets

Leading Asian markets plunged in the aftermath of the collapse of one of the US top investment banks, Lehman Brothers. Shares in Japan, South Korea, China and Taiwan were down by 4 to 6%, having been shut on Monday for a bank holiday.
Tuesday, September 16th 2008 - 21:00 UTC
British citizenship for Chilean family in Falklands

A young Chilean family who are among a number choosing to adopt the Falkland Islands as their home, received British citizenship at a ceremony conducted at Government House, Stanley on Monday evening.
Tuesday, September 16th 2008 - 21:00 UTC
IMF chief predicts end of independent investment banks

The global financial crisis is not over and more banks could close, possibly leading to the disappearance of independent investment houses, IMF chief Dominique Strauss-Kahn told reporters in Cairo.