International

Friday, November 23rd 2007 - 20:00 UTC
Rescued cruise pxs expected in Punta Arenas Saturday

At 18:30 hours Chilean time Zodiac boats belonging to a Norwegian cruise vessel began landing the 154 passengers from the stricken “MV Explorer” at the Chilean Antarctic base President Frei in King George Island.
Friday, November 23rd 2007 - 20:00 UTC
Lloyd's List claims M/V Explorer had “five failings”

A legal and insurance storm of Antarctic proportions could be in the making for the M/V Explorer and its owners if a report in the maritime market news portal Lloyd's List proves to be correct.
Wednesday, November 21st 2007 - 20:00 UTC
Global mine clearance operations demand 400 million in 2008

Proposed initiatives to remove landmines and explosive remnants of war in some 30 countries and three territories around the world are expected to cost 404 million US dollars next year, according to a report jointly published by three United Nations agencies and released Tuesday.
Wednesday, November 21st 2007 - 20:00 UTC
OECD warns of mortgage debacle on equity markets

The Organization for Economic Cooperation and Development, OECD said on Wednesday that overall losses caused by the U.S. mortgage market crisis could hit 300 billion US dollars and the broader credit crunch could yet inflict greater damage on equity markets.
Wednesday, November 21st 2007 - 20:00 UTC
China forecasts boom in cooking oil and grains markets

China's soy oil purchases will represent 45% of world's imports by the end of last September up 25% from seven years ago according to a report from the Beijing government supported Shanghai Daily”.
Wednesday, November 21st 2007 - 20:00 UTC
Repsol CEO demands clear rules for investors in Latam

Spain's Repsol-YPF CEO Antonio Brufau claimed on Wednesday that “certain countries” in Latinamerica, which he did not specify, seem to have difficulties in perceiving the benefits that come with foreign investments, both for the economy and its population.
Wednesday, November 21st 2007 - 20:00 UTC
US dollar slumps to new low against the Euro and Yen

The dollar on Wednesday slumped to a new record low against the Euro pushed by weaker US growth prospects and pressures for another cut to US interest rates when the Federal Reserve Monetary meets next December 11.
Wednesday, November 21st 2007 - 20:00 UTC
EU big farms subsidies to be drastically capped

European Agriculture Commissioner Mariann Fischer Boel announced plans to reduce funding for Europe's biggest farmers which means anyone currently receiving more than 100,000 euros as part of the Single Payment Scheme would have their aid capped.
Tuesday, November 20th 2007 - 20:00 UTC
Trichet cautiously optimistic on global growth prospects

The chairman of the G10 group of central bankers Jean-Claude Trichet was optimistic on Monday about prospects for global growth even though he conceded that the risks remain listed to the downside.
Tuesday, November 20th 2007 - 20:00 UTC
FAO: Aquaculture only way to meet future fish demand

The farming of fish under controlled conditions is the only way to meet future global demand, the United Nations Food and Agriculture Organization FAO said on Monday estimating that rising population numbers mean that by 2030 an additional 37 million tons of fish will be needed to maintain current levels of consumption.