Stories for September 9th 2009
Argentine industrial activity in July contracts 9.5% and 8.8% in seven months
With most sectors contracting industrial activity in Argentina plunged 9.5% in July compared to the same month a year ago accumulating in seven months a descent of 8.8%, according to an official report from the Argentine Industrial Union, UIA.
Greenspan predicts another financial crisis “but different”
The world will suffer another financial crisis, former Federal Reserve chief Alan Greenspan has told the BBC. “The crisis will happen again but it will be different,” he told BBC Two's The Love of Money series.
Repsol praises Brazil’s legal and fiscal stability for the oil industry
Spain’s oil corporation Repsol-YPF CEO Antonio Brufau praised Brazil for its stability and clear rules of the game for the hydrocarbons industry. Brazil which holds huge reserves of offshore sub-oil this week announced a plan to reinforce control over the new deposits.
Paraguay soy bean exports plunge 46% in eight months of 2009
Paraguay soy bean exports have plummeted during the first eight months of the year according to official data released Wednesday in Asunción.
Russian T-72 tanks for Venezuela; submarines and choppers could follow
Russia and Venezuela are expected to sign a contract on the delivery of at least 100 main battle tanks worth about 500 million US dollars to the Latin American country, a Russian defence industry source said on Wednesday according to Russian news agency Novosti.
Uruguayan presidential candidates criticize Iran’s policy towards Israel
The four Uruguayan presidential candidates coincided in criticizing Iran’s position regarding the state of Israel and favoured including in the schools programs teaching the Shoa or Holocaust.
Uruguay’s junior opposition party does not discard coalition with Mujica
Uruguay’s opposition junior party presidential candidate did not discard a coalition or unity government with either of the two forces that have the best chances of winning next October’s elections.
Uribe ratifies re-election referendum bill and further stirs controversy
Colombian President Alvaro Uribe on Tuesday signed a bill which opens the way for his second consecutive re-election and immediately addressed it to the Constitutional Court for its review.
Chilean wheat farmers squeezed by falling prices and rising costs
Just two years after wheat prices registered record highs, Chilean producers are finding themselves squeezed between rising costs and cheap imports.
Tories promise to end Labour’s “gravy train” and cut Parliament expenses
Opposition leader David Cameron has laid down the gauntlet to PM Gordon Brown by pledging to slash pay, perks and costs at Westminster. The Tory leader outlined plans to cut the number of MPs by 10%, reduce ministerial salaries and do away with subsidised food and drink.
