Stories for January 9th 2007

Tuesday, January 9th 2007 - 20:00 UTC
Argentine reserves yield a record of nearly 1.4 billion dollars in 2006

Argentina's Central Bank in 2006 obtained nearly 1.4 billion dollars out of investing its foreign currency reserves at a yearly yield of 5.7 percent ÃÂ¢€“ the highest since a crippling five-year recession ended in 2002 ÃÂ¢€” and close to the 1.47 billion dollars the country reportedly spent last year in subsidies to keep inflation under two digits.
Tuesday, January 9th 2007 - 20:00 UTC
Chavez announces nationalization of oil and telecoms

President Hugo Chavez announced plans on Monday to nationalize Venezuela's electrical and telecommunications companies, pledging to create a socialist state in the spirit of the Bolivarian revolution.
Tuesday, January 9th 2007 - 20:00 UTC
Insulza branded an “idiot”

Chavez's nationalization announcement came in his first speech of the year, a fiery address in which he used a vulgar word roughly meaning “idiot” to refer to Organization of American States Secretary-General Jose Miguel Insulza.
Tuesday, January 9th 2007 - 20:00 UTC
US and EU ratify commitment to the Doha trade round

United States president George W Bush and the European Commission president Jose Manuel Barroso ratified Monday their commitment to seek fresh ways of overcoming differences and reaching an agreement on the Doha Round trade talks.
Tuesday, January 9th 2007 - 20:00 UTC
Brazil willing to inject “greater cohesion” to Mercosur

Brazil has plans to grant economic and trade aid to Bolivia, Paraguay and Uruguay in an attempt to give South America's main trade grouping Mercosur, “greater cohesion”, according to the financial press of Sao Paulo.
Tuesday, January 9th 2007 - 20:00 UTC
Argentine anchovy fishery may damage South Atlantic ecosystem

The indiscriminate Argentine anchovy (Engraulis anchoita) fishing in the southern zone of Argentina could inflict serious damage to Magallanic penguins, whales, seals and sea lions population numbers, warned a study published in prominent scientific magazine Science.
Tuesday, January 9th 2007 - 20:00 UTC
Peru pushes to make Inca city one of world wonders

PERU'S government, seeking to boost tourism in the Andean country, is urging residents and visitors to vote for the ancient Inca site of Machu Picchu as one of the world's new seven wonders.
Tuesday, January 9th 2007 - 20:00 UTC
Shipping lines increase capacity 14 percent

Moeller-Maersk and 407 other shipping lines increased their capacity to move containers 14 percent in 2006, the fastest pace in six years, as trade expanded, data from Containerisation International showed.