Stories for November 7th 2009
Latest News feedPolls show 7 points lead for Uruguayan incumbent presidential candidate
Uruguay’s ruling coalition presidential ticket,—Jose Mujica and Danilo Astori—, has a seven percentage points advantage over the opposition, Luis Alberto Lacalle and Jorge Larrańaga, for the run off the last Sunday of November, according to the latest opinion polls released in Montevideo
Successful online marketing for Falkland Islands tourism
The results of the Falkland Islands Tourist Board’s first online marketing campaign in the UK have been outstanding, according to Jake Downing, General Manager of FITB.
Petrobras testing discovery of “huge” natural gas reserves in Peru’s Amazon
Brazil’s Petrobras said on Friday it is still studying drilling results from lot 58 in Peru’s Amazon and has yet to estimate natural gas deposits there, a day after Peruvian President Alan Garcia said the company struck a large find.
In spite of coup denials Paraguayan president continues with military purge
Paraguayan President Fernando Lugo continued to purge the top ranks of the military Friday, removing the armed forces’ commander. Lugo fired the commanders of the country’s army, air force and navy on Wednesday.
Mining and construction backbone of Chile’s economic recovery
Mining and construction industries have led Chile’s economic recovery, according to a recently released economic report.
British Airways reports record loss and faces threat of strikes
British Airways reported a record pre-tax loss Friday of more than 485 million US dollars, another setback for the airline as it faces the threat of strikes over the Christmas period.
Chilean president Bachelet approval soars to record 80% in October
Chilean President Michelle Bachelet’s approval rating rose to a record 80% in October, from 76% the previous month, according to an opinion poll published Thursday by polling institute Adimark GfK.
Five days paid “honeymoon leave” for Chilean newlyweds
A proposed new law will guarantee Chilean employees five paid working days as “honeymoon leave” and will not take away from the legal yearly vacation days workers are given.
Roubini warns of an assets bubble because of the dollar-carry trade
The prevalent dollar-carry trade, in which investors borrow US dollars at 0% interest rates, to park in risky assets across the globe could come to an end in the foreseeable future, which may result in a major crash in such risky asset classes such as equities and commodities, according to economist Nouriel Roubini.
US economy shedding jobs for 22nd month in a row, longest period in 70 years
The unemployment rate in the United States rose to 10.2% in October, which was its highest rate since April 1983, according to figures from the US Labour Department. Unemployment in September was 9.8%.
