Stories for 2008

Thursday, July 24th 2008 - 21:00 UTC
Brazil raises basic interest rate 75 basis points to 13%

Brazil's central bank raised interest rates by 75 basis points to 13% on Wednesday, lifting borrowing costs for the third time in four months in a bid to prevent resurgent inflation from undermining economic growth.
Thursday, July 24th 2008 - 21:00 UTC
Spanish King and Chavez to close “shut up” incident

Venezuelan president Hugo Chavez currently on a European tour is scheduled to meet Friday with Spain's King Juan Carlos in Palma de Mallorca, where the royal family is enjoying their summer holidays. The news was confirmed in Madrid by the royal palace and the presidential office.
Thursday, July 24th 2008 - 21:00 UTC
Joint efforts to keep BAS operating from the Falklands

The Falkland Islands government and British Antarctic Survey, BAS, are jointly looking into ways of keeping BAS operating from the Islands. Stanley's airport insufficient fire cover is the obstacle and one of the options considered is using MPA as the primary air station.
Thursday, July 24th 2008 - 21:00 UTC
Brazil to host Latam Caribbean integration summit in December

Brazilian president Lula da Silva extended an invitation to Latinamerican and Caribbean leaders to discuss regional integration and development in a meeting scheduled next December 16/17 in the northeastern city of Salvador. The announcement was made during a banquet to honor Trinidad and Tobago Primer Minister Patrick Manning.
Thursday, July 24th 2008 - 21:00 UTC
Arctic holds massive oil and gas reserves say US scientists

The Arctic could hold as much as 90 billion barrels of undiscovered oil and has as much undiscovered gas as all the reserves known to exist in Russia, US government scientists have said in the first governmental assessment of the region's resources.
Thursday, July 24th 2008 - 21:00 UTC
Investment and exports behind Uruguay's growth

Productive investment and exports have been behind the sustained growth of the Uruguayan economy since the crisis of 2002, according to Fernando Lorenzo head of the Macroeconomic and Financial Advisors Office from the country's Ministry of Economy.
Thursday, July 24th 2008 - 21:00 UTC
London ambassador proposes sharing Malvinas resources

”The only way (for Argentina) to take advantage of the Malvinas resources is to share them, but to share them you must have an agreement (with the UK) and for that you need political will which at this moment does not exist”, said Argentine ambassador in London, Federico Mirré who is retiring after forty years in the diplomatic service.
Wednesday, July 23rd 2008 - 21:00 UTC
Venezuela offers Russia strategic alliance against US

Venezuelan president Hugo Chavez has called for a strategic alliance with Russia to protect his country from United States. Chavez call came as Moscow and Caracas agreed to extend bilateral co-operation on energy.
Wednesday, July 23rd 2008 - 21:00 UTC
Over 11 million Argentines live in poverty or indigence

Rising inflation in the first half of 2008 has meant that 11.3 million Argentines are poor, of which 3.9 million indigent, a significant increase over the previous six months according to a report from a private consultants firm released on Tuesday.
Wednesday, July 23rd 2008 - 21:00 UTC
Change in Argentine cabinet: new Agriculture secretary

Argentina's new Agriculture Secretary takes the oath of office on Wednesday. Carlos Cheppi replaces Javier de Urquiza one of the first victims of the four month long stand off between the administration of President Cristina Fernandez de Kirchner and the protesting farmers.