Stories for 2008

Tuesday, June 3rd 2008 - 21:00 UTC
Trichet warns Europe about reactions to crude prices crisis

The European Central Bank president Jean-Claude Trichet set the tone at the ECB's 10th anniversary event by warning that bad management of the oil crisis in the 1970s (meaning large wage rises and low interest rates) seriously hurt the economy and jobs, and that the errors of the past must not be repeated. “This anniversary is no time for complacency,” Trichet said.
Tuesday, June 3rd 2008 - 21:00 UTC
FAO wants 30 billion annually to re-launch agriculture

Noting that the time for talk was over and that action was urgently needed, FAO Director-General Jacques Diouf appealed to world leaders for 30 billion US dollars a year to re-launch agriculture and avert future threats of conflicts over food.
Tuesday, June 3rd 2008 - 21:00 UTC
Argentine “inflation alert” according to the Daily Telegraph

Under the title of “Argentine alert as inflation specter stalks half the world”, London's Daily Telegraph, --using Argentina as a lead case--, describes how international bankers managed to convince pension funds to invest in an estimated 300 billion US dollars in inflation linked sovereign bonds from emerging economies, which “hawk eyes” then considered safe.
Monday, June 2nd 2008 - 21:00 UTC
Argentine farmers protest moves to town squares

Argentine farmers begin Monday a new chapter of their 84 day conflict with the government over agriculture and taxing policies: beginning at ten in the morning they have invited workers, businessmen, professionals, students and anybody who supports their claims to strike until mid day.
Monday, June 2nd 2008 - 21:00 UTC
Bolivia takes full control over British owned gas pipeline

Bolivia continued Monday with its nationalizing policy taking over all assets belonging to the gas pipeline company Transredes which is half owned by Royal Dutch Shell and Ashmore Energy International.
Monday, June 2nd 2008 - 21:00 UTC
Half of world fish trade sourced by developing countries

Driven by rising consumption worldwide, the international trade in fish products is expanding at a rapid pace, according to an FAO paper presented on Monday at an intergovernmental meeting in Germany.
Monday, June 2nd 2008 - 21:00 UTC
Iceland and Norway exporting tons of whale meat to Japan

Companies from Iceland and Norway have begun exporting whale-meat to Japan. About 60 tons of meat from fin whales caught in the 2006 Icelandic hunt was reportedly sent with a much smaller amount of minke meat from Norway according to a report from BBC.
Monday, June 2nd 2008 - 21:00 UTC
Peru plans to grow 7% annually until at least 2015

Peru is planning a sustained growth averaging 7% until 2015, with minimum inflation based on the opening of the economy that has seen tariffs drastically cut in the last two years, said the country's Economy minister Luis Carranza during a visit to Chile where he was the main speaker at a trade forum.
Monday, June 2nd 2008 - 21:00 UTC
Land Rover and Jaguar now belong to Tata from India

India's top car manufacturer Tata Motors Ltd. Announced on Monday it had completed the 2.3 billion US dollars acquisition of Jaguar and Land Rover. The deal, which was agreed in March, includes all necessary intellectual property rights, manufacturing plants, two advanced design centres in the UK and a worldwide network of sales companies, Tata Motors said in a statement.
Monday, June 2nd 2008 - 21:00 UTC
Chile pumps one billion dollars to help stabilize fuel prices

Chile announced Monday a one billion US dollars injection to the fuel prices stabilization fund and another 250 million US dollars to prop the government owned fuel company ENAP in an attempt to ease the impact of ever increasing international crude prices.