Stories for October 11th 2008
IMF: Latam must ensure liquidity and price stability
Latin America's governments will have to watch carefully their financial systems liquidity and try to ensure gains in eliminating inflation, said on Friday Anoop Singh, the International Monetary Fund Director for the region.
Chile to increase F16 fighter bombers wing to 44
Chile is interested in purchasing another batch of refurbished F 16 fighter bombers for the Air Force, according to diplomatic sources in Santiago which was partially confirmed by Defence officials.
Obama supports Paulson's plan to buy equities in banks
United States presidential candidate Barak Obama on Friday welcomed a plan by Treasury Secretary Henry Paulson to buy equity in financial institutions if necessary to halt market turmoil.
Ex-Argentine dictator leaves house arrest for military prison
Former Argentine dictator Jorge Rafael Videla was taken to a military prison Friday, after a federal judge revoked the benefit of house arrest that he had enjoyed for 10 years.
Price of crude has plunged 50% since July's peak
The price of crude oil has now plunged by almost 50% since striking record high levels above 147 US dollars per barrel on July 11. Trading on Friday was below 80 US dollars a barrel as demand declines amid a worsening economic outlook caused by a global credit crisis.
