Stories for February 11th 2009
Mudslide in north Argentina drags away villagers
Nine people were missing Tuesday after a mudslide in northern Argentina that prompted the evacuation of more than 700 people, officials said. The disaster occurred Monday in the town of Tartagal, close to the border with Bolivia.
China Latinamerica drive signs accords with Argentina
Chinese Vice-Premier Hui Liangvu, currently visiting Argentina signed accords to boost cooperation in agriculture, mining and bilateral trade though Argentina's Banco de la Nacion and the China Development Bank.
Geithner unveils 1.5 trillion bail-out plan and toxic fund
Treasury Secretary Timothy Geithner has unveiled a comprehensive bank bail-out plan worth at least 1.5 trillion US dollars. Under the plan, the size of a key Federal Reserve lending program will be expanded to 1 trillion from 200 billion.
Argentina and Spain admit difficult economic relations
Visiting Argentine president Cristina Fernández de Kirchner and Spanish president Jose Luis Rodriguez Zapatero, admitted on Tuesday difficulties in the economic relations but emphasized that bilateral relations are excellent.
Guess who's “Botox Queen” and the “Pampas magpie”?
Even when Argentine president Cristina Fernandez de Kirchner's two day visit to Spain can be rated better than expected, the media had a completely different opinion of whom they labelled “botox queen” and the “Pampas magpie”.
Spanish companies confirm investments in Argentina
Two of Spain's strongest corporations reaffirmed their decision to re-invest heavily in Argentina in spite of the “difficult and complicated” situation created by the re-nationalization of Argentina's air flag carrier with no compensation for its Spanish owners.
Falklands tourism record: 4.053 visitors in one day
A new record was set for Falkland Islands tourism last week, with 4,053 visitors arriving on board cruise ships on Friday February 6, confirmed Jake Downing, General Manager of the Falkland Islands Tourist Board (FITB).
As exports contract China's imports plunge 43% in Jan
China's exports fell more than expected in January, down 17.5% from a year earlier, while imports plunged 43.1%, , as China's economy continued to be hit by the global economic slowdown.
HBOS “too-rapid growth” investigation in the limelight
The former head of risk at Britain's HBOS, who claimed he was sacked for warning about the bank's too-rapid growth, has said he stands “firmly and confidently” behind his allegations.
UK unemployment surges to new ten year high
United Kingdom jobcentres were said to be “creaking” under the pressure of work as new figures showed unemployment surging to a 10-year high. The jobless total reached 1.97 million, confounding many experts who had predicted it would break through the two million barrier.
