Stories for October 14th 2008
Japan's Nikkei joins other Asian markets strong rebound
Financial markets in Asia have risen sharply, with Japan's Nikkei gaining 10% in early trading Tuesday, and Sydney up 5%. The gains came after Wall Street shares rocketed 11% on Monday as investors welcomed fresh moves to deal with the worldwide financial crisis. Japan was closed Monday because of a national holiday.
Positive contagion lifts Latam to one day record-gains
Latinamerican equities staged on Monday a powerful rebound from last week's crash, with Brazil's Bovespa soaring 14% and Mexico's IPA 11.1%, its highest one day gain this year and since 1998.
Obama proposes new jobs tax credit and foreclosure relief
Democratic US presidential candidate Barack Obama unveiled on Monday an “economic rescue plan for the middle class” at a campaign event in Toledo, Ohio.
South Georgia another record year of cruise visits
South Georgia following on from last year's record will once again experience an increase in the number of cruise ship visits to the Island.
Falkland Islands ready to receive HMS Iron Duke
BRITISH Type 23 frigate, HMS Iron Duke, who was recently involved in anti – drug smuggling work in the Caribbean, has officially taken over the South Atlantic Patrol Task
Soros: market fundamentalism out, serious recession in
British-Hungarian financier and philanthropist George Soros warned in an interview with Budapest's Nepszabadsag newspaper that it is too early to say if markets will stabilize after last week's panic and described the current situation as the crisis of a lifetime.
Vazquez announces massive investment in pulp plant and port
Uruguay's president Tabare Vazquez announced that a Portuguese pulp and paper company will spend over 4 billion US dollars to build a cellulose plant and port in Uruguay.
Uribe, Lula da Silva and Vazquez, best performing leaders
Colombia's Alvaro Uribe, Brazil's Lula da Silva and Uruguay's Tabare Vazquez figure as the leaders with the best performance record according to the 2008 edition of the Ibero-American Governance Barometer 2008.
US unveils plan to purchase 250 billion USD stake in banks
The US government announced a 250 billion US dollars plan to purchase stakes in a wide variety of banks in an effort to restore confidence in the sector. President George W Bush said the move would help to return stability to the US banking sector and ultimately help preserve free markets.
