Stories for 2008

Tuesday, July 15th 2008 - 21:00 UTC
US dollar plunge triggers concern among trade partners

The Euro soared to a new high against the US dollar on Tuesday, reaching US$1.6038 in European trading as markets worried about the ongoing US lending crisis and the country's economy.
Monday, July 14th 2008 - 21:00 UTC
An exhibition on South Georgia takes off in Cambridge

An exhibition entitled “Governing South Georgia: A century of managing marine resources” opens at the Scott Polar Research Institute (SPRI) in Cambridge next July 16th and by early 2009 should visit the Falkland Islands before finally ending in Grytviken.
Monday, July 14th 2008 - 21:00 UTC
Uruguay Botnia pulp mill has not affected air and water quality

An international report on the environmental performance of the Botnia pulp plant in Uruguay, since its opening last November, indicates no quality modifications to the air or water of the River Uruguay next to which the huge Finnish owned complex has been built.
Monday, July 14th 2008 - 21:00 UTC
Brazil heading for record grain and oil seed harvest

Brazil's 2008 harvest of cereals, legumes and oilseeds has been estimated in a record 143.6 million metric tons, which is 7.9% higher than the 2007 production (133.1 million metric tons) according to the June report from the country's Geography and Statistics Institute, IBGE.
Monday, July 14th 2008 - 21:00 UTC
EU reopens market for Uruguayan fisheries exports

Uruguayan fisheries exports to the European Union have officially resumed this week after having overcome sanitary observations interposed at the beginning of the year, reported the country's Fisheries Department (DINARA) director Daniel Montiel.
Monday, July 14th 2008 - 21:00 UTC
Petrobras strike: “contingency plan” guarantees supply

Brazilian government managed oil and gas corporation Petrobras reacting to a labor strike which began early Monday announced that all but two out of 38 offshore platforms are extracting hydrocarbons.
Monday, July 14th 2008 - 21:00 UTC
Chile basic rate up; consumer confidence at its lowest

Chile's Central Bank raised its target interest rate by 50 points last week to 7.25%, the highest level since February 1999. Citing the need to pull back inflation to its 3% policy goal, the bank raised the monetary policy rate (TPM) for the third time in 2008.
Monday, July 14th 2008 - 21:00 UTC
Madonna December tour to Brazil, Argentina and Chile

Although there's no official confirmation from world pop star Madonna's office about the dates of her South American tour next December, local representatives activities give a clear idea of what her schedule could be.
Monday, July 14th 2008 - 21:00 UTC
Falkland: Illex stocks hit the top for third year in a row

AS the saying goes, you can sometimes have too much of a good thing. High catches of illex taken in the Southwest Atlantic in the last two years flooded the world market and caused a significant drop in squid prices. Together with rocketing fuel costs many fishing companies have struggled to make their fishing profitable.
Monday, July 14th 2008 - 21:00 UTC
Argentina doubles export tax on gas pumped to Chile

The Chilean government admitted on Monday it was “foreseeable” that Argentina would impose a 100% increase on the natural gas export tax. The tax on Argentine gas exported to Chile has soared from 7.8 US dollars per million BTU to 15.9 US dollars, which added to transport and other inputs adds to 29 US dollars per million BTU.