Stories for 2008

Tuesday, February 26th 2008 - 21:00 UTC
“Four years of energy crisis” forecasts Lula da Silva

Brazilian president Luiz Inacio Lula da Silva forecasted that the current “energy crisis” will extend for “at least another four years” both for Brazil and Argentina since only then, Bolivia will be producing sufficient natural gas to supply domestic and neighboring markets.
Tuesday, February 26th 2008 - 21:00 UTC
Japan whaling fleet high tech bug-tracked by protestors

Anti-whaling activists said on Monday they had chased the flagship of Japan's whaling fleet Yushin Maru 2 out of waters near Antarctica after tracking it with high-tech bugs planted by two protesters who boarded the vessel last month.
Tuesday, February 26th 2008 - 21:00 UTC
Wheat prices soar on export restrictions and short supply

Wheat prices have hit a record level of 12 US dollars a bushel as supplies dwindle, raising concerns about growing food inflation. Investors fear that a shortage of high quality milling wheat will keep prices high for the cereal used in bread, pasta and other foods.
Tuesday, February 26th 2008 - 21:00 UTC
US recession fears see dollar collapse to 1.50 per Euro

The US dollar has fallen to a fresh record low against the Euro, after weak economic data renewed fears that the US economy may be facing a more serious recession than anticipated.
Monday, February 25th 2008 - 21:00 UTC
“Uruguay oil round” scheduled for next November

Next November Uruguay will extend a formal invitation to all those oil companies interested in considering the hydrocarbons potential of the country, based on a battery of data collected during the last few years, according to top officials from the country's government owned petroleum and fuels monopoly Ancap.
Monday, February 25th 2008 - 21:00 UTC
Argentine economy breaks production and job records

Argentine president Cristina Fernandez de Kirchner administration might have mid term energy problems incubating but the latest data indicates that the Argentine economy keeps steaming ahead with increased employment and record industrial production. Trade surplus in January was also unexpectedly high.
Monday, February 25th 2008 - 21:00 UTC
Brazil headed for annual record crop of 139.3 million tons

Brazil is expected to harvest 139.3 million tons of grains and oil seeds in the 2007/08 season, up 5.4% over the previous crop helped by limited diseases and the use of gene-modified seeds to grow stronger plants, said Agroconsult a Brazilian agriculture consultant company.
Monday, February 25th 2008 - 21:00 UTC
In 100 days paper air tickets to the museum, says IATA

The International Air Transport Association (IATA) announced last week that an important countdown to 100% e-ticketing had begun. “In 100 days the paper ticket gets put in a museum. On June 1, 2008 we will achieve 100% electronic ticketing,” said Giovanni Bisignani, IATA's Director General and CEO.
Monday, February 25th 2008 - 21:00 UTC
Falklands' oil drilling prospects boosted by Desire Petroleum

Falkland Islands hydrocarbons exploration development and the potential to hire a rig for a minimum six-well drilling program advanced considerably on Monday when Desire Petroleum announced that it had accepted the terms of an offer to farm in to three of the company's eighteen exploration prospects in the North Falkland basin.
Monday, February 25th 2008 - 21:00 UTC
Inflation in Argentina “around 20%” says ex minister Lavagna

Argentina's former economy minister Roberto Lavagna claimed that inflation is “round 20%” departing from the government line that puts the index of rising prices at 8.5% for 2007.