Stories for August 2nd 2009

Sunday, August 2nd 2009 - 12:08 UTC
Argentine/Chilean ministerial summit this week in Buenos Aires

Argentine and Chilean cabinet ministers will be meeting next Thursday in Buenos Aires to advance in the integration process and address an agenda of bilateral issues, according to reports in the Argentine capital.
Sunday, August 2nd 2009 - 12:06 UTC
Lula da Silva rejects any idea or proposal for a third mandate

Brazilian president Lula da Silva reiterated Saturday he has no plans for a third mandate and anticipated he would reject a proposal from members of his won Workers Party for a constitutional amendment that would allow him to run again for president in 2010
Sunday, August 2nd 2009 - 12:01 UTC
Venezuela turns off 34 broadcasting stations

Radio stations in Venezuela have begun to fall silent in the wake of government orders to some broadcasters to cease operations. The Circuito Nacional Belfort Network, CNB, station in Caracas was among the first to stop broadcasting Saturday morning. At least four other CNB stations also went off the air.
Sunday, August 2nd 2009 - 11:57 UTC
Lula da Silva wants control over world largest iron-ore producer

Brazilian President Lula da Silva wants the government to take control of Vale SA, according to the weekly magazine Veja. However the origin of the information was not revealed.
Sunday, August 2nd 2009 - 11:53 UTC
Two year capital flight from Argentina reached 43.1 billion USD

Argentina’s flight of capital remains steady having reached 5.5 billion US dollars in the second quarter of the year, 11.2 billion in the first half and 43.1 billion US dollars since the second quarter of 2007, when the first signs of the global crisis, according to the latest data from the Argentine Central Bank.
Sunday, August 2nd 2009 - 11:50 UTC
Nigerian oil debate: losses since 2006 amount to 47 billion USD says Shell

Nigeria has lost about 7 trillion naira (47 billion US dollars) as a result of the shut-in of the Shell Petroleum Development Company (SDPC) output since 2006 in the country the Lagos based Compass newspaper reported this week.
Sunday, August 2nd 2009 - 11:46 UTC
Number of failed banks in the US reached 69 so far this year

United States banks in New Jersey, Ohio, Florida, Oklahoma and Illinois were shut, pushing the toll of failed US lenders to 69 this year. The Federal Deposit Insurance Corporation was named the receiver of the five banks, the regulator said in e-mailed statements.
Sunday, August 2nd 2009 - 11:42 UTC
Cuba faces harder times; Castro willing to talk with US about everything

Cuban President Raul Castro said he remains ready to talk about everything and anything with the United States but that Cuba’s political system was not on the negotiating table.
Sunday, August 2nd 2009 - 11:40 UTC
China expected to recover strongly in second half of 2009

China's economy would continue to recover from the world financial crisis in the latter half and expand at the rate of 8.5% for the whole year, said a report from the Bank of Communications on Sunday.
Sunday, August 2nd 2009 - 11:34 UTC
South America’s nutria, one of the worst invasive species in US wetlands

Billions of dollars are spent every year in the United States in an attempt to control invasive species. Plants and animals brought legally and illegally into the US have created extensive damage to the ecosystem and the economy.