Stories for September 2008
Latest News feedGurkha veterans win in UK court the mother of all battles
The gallant Gurkha veterans of Nepal won on Monday their long court battle for the right to settle in Britain. Lawyers for the men who fought alongside British troops in battles over 200 years including the Falkland Islands in 1982 hailed the ruling.
UK seafood corps target Brazil, net fish importer
The representatives of a group of Humber seafood firms met with their counterpart from one of the globe’s largest retailers, France’s Carrefour, in a joint bid to establish trade ties with Brazil.
Falkland Islands “not colonial enclave says UK”
“THE Falkland Islands are not a colonial enclave,“ stated the United Kingdom delegation at the United Nations in reply to a comment made by Argentina’s President, Cristina Fernandez de Kirchner.
Asian markets follow Europe, US and Latam in free fall
Japan’s benchmark Nikkei stock index has fallen almost 5% in early Tuesday trading, hours after a US financial rescue plan failed to gain Congressional backing. The US House of Representatives on Monday rejected a 700 billion plan aimed at bailing out Wall Street.
Brazil and Argentina markets suffer record day losses
Stock markets in Latinamerica crashed on black Monday 29, following the US House of Representatives rejection of the bi partisan bail out package which had been painfully stitched over the weekend.
Richest Latinamerican warns of financial crisis impact
Mexican billionaire Carlos Slim and Latinamerica’s richest man is calling the current financial crisis the worst he has ever seen and anticipated it is going “to impact everybody”. It’s a very difficult situation and it will affect all economies he added.
US Representatives extends benefits to Andean countries
The United States House of Representatives voted unanimously on Monday to approve a one-year extension of trade benefits for Colombia, Peru, Ecuador and Bolivia that expire at the end of the year.
Argentina opens path to accord with bond holdouts
Argentina signed an agreement with three banks to attempt to restructure debts to sovereign bond holders who rejected a 2005 settlement over a historic default, the government announced Monday.
Melamine milk scandal hits Cadbury Chinese products
British confectionary maker Cadbury said Monday it is recalling 11 types of Chinese-made chocolates found to contain melamine, as police in northern China raided a network accused of adding the banned chemical to milk.
Chile debates re-nationalization of fresh water resources
A broad coalition of Chilean politicians, Church leaders, environmentalists, indigenous groups and labor unions is calling on Chilean authorities to renationalize the country’s fresh water resources.
