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Montevideo, March 28th 2024 - 14:28 UTC

Stories for March 6th 2008

  • Thursday, March 6th 2008 - 21:00 UTC

    Colombian assessing impact of trade loss with neighbors

    Colombia is assessing the economic impact of the current diplomatic conflict with Ecuador and Venezuela which represented 9 billion US dollars in trade last year and a significant boost for the country's economic expansion.

  • Thursday, March 6th 2008 - 21:00 UTC

    Hard times for some of Europe's leading financial institutions

    Some of Europe's leading banks are also facing problems as a consequence of the downfall from the US credit crisis and for having possibly breached US rules banning banks from doing business with countries on a terrorist blacklist.

    France's biggest retail bank Credit Agricole made a loss in the last three months of 2007, hit by a hefty charge at its Calyon investment banking arm.

  • Thursday, March 6th 2008 - 21:00 UTC

    McCain ready to take Hillary-Obama or Obama-Hillary ticket

    Encouraged by her big primary victories Hillary Clinton hinted on Wednesday at the possibility of sharing the United States Democratic presidential ticket with Barack Obama as vicepresident hopeful. But Obama stressed that he still holds the lead in number of delegates.

  • Thursday, March 6th 2008 - 21:00 UTC

    Conflict with the US is “inevitable” warns President Chavez

    Pte. Hugo Chavez

    Venezuelan president Hugo Chavez said on Wednesday that a conflict with the government of United Sates is “inevitable” since it has consistently supported economically “the oligarch states of Latinamerica” that are not interested in the equality of peoples.

  • Thursday, March 6th 2008 - 21:00 UTC

    OPEC freezes oil output and blames US for high crude prices

    OPEC accused the United States on Wednesday of economic “mismanagement”, which it said is pushing oil prices to new record highs and rejected calls to increase output. Oil prices surged for the first time past 104 US dollars a barrel after OPEC's announcement and a US government release showing a surprise drop in crude stockpiles.

  • Thursday, March 6th 2008 - 21:00 UTC

    Euro zone and UK leave interest rates unchanged

    Inflation and recession is Eurozone challenge, said Trichet

    The European Central Bank (ECB) kept interest rates unchanged at 4% on Thursday as concerns about inflation persist. Earlier in London the Bank of England's Monetary Policy Committee adopted a similar decision keeping interest rates on hold at 5.25%.