Stories for March 20th 2009
Headlines: Chamber clashes with FIG over lack of action; ‘Increased broadband’ announced by Cable and Wireless.
In a further escalation of the conflict with farmers over taxes, Argentine President Cristina Fernandez de Kirchner announced on Thursday that revenue from the levy on soy exports would be shared between the federal, provincial and city governments.
Despite major stimulus packages announced by advanced economies and several emerging markets, trade volumes have shrunk rapidly, while production and employment data suggest that global activity continues to contract in the first quarter of 2009, the IMF said in a new assessment of the global economy.
El Salvador's President-elect Mauricio Funes will make his first foreign trip to Brazil, officials said after his party of former Marxist rebels triumphed in weekend elections. On Wednesday US President Barack Obama telephoned Mr. Funes to congratulate him on his election.
After almost 50 years of severed ties, Costa Rica will re-establish diplomatic relations with Cuba, President Oscar Arias announced Thursday. The move, announced via a press release, comes after Foreign Minister Bruno Stagno hinted earlier this week that a rapprochement was possible.
The FMLN wins the presidency in El Salvador, but it's no mandate for revolutionary change such as populism and confiscations.
Uruguay lost an estimated 450 million US dollars as a direct consequence of the several months long drought, according to acting Agriculture minister Andres Berterreche. The primary figure revealed during a meeting with business leaders on Thursday represents the equivalent of 1.5% of Uruguay’s GDP