Stories for May 8th 2010
Spanish Recession and Lack of Jobs Forces Latam Immigrants to Return Home
More immigrants from non-European Union countries are returning to their native lands this year with help from the Spanish government, a situation similar to 2009, when the number of immigrants forced to pack up and go doubled because of the economic crisis.
Tories and Lib Dems Hold Coalition Talks; Agree PM Brown Should Walk Down
Conservative leader David Cameron has reached out to the Liberal Democrats in an effort to form a government after the UK general election resulted in a hung parliament. The Tory leader, whose party won most seats but was short of a majority, said he wanted to make a “big open and comprehensive offer” to the Lib Dems.
Petrobras Sets Monthly Record Oil Production in April: 2.033 Million bpd
Brazilian government managed oil and gas corporation Petrobras (SAO:PETR3) set a monthly record for oil production in April with 2.033 million barrels per day topping the previous record of 2.004 million bpd from September 2009, the company said Friday.
Brazil’s Bovespa Confirms Biggest Weekly Decline since February
Brazil’s Bovespa stock index fell for a second day on Friday closing with the biggest weekly decline since February 2009, on concern that Europe’s debt crisis is worsening and rescue packages could have to be extended to Portugal and Spain.
Viral Equine Arteritis Outbreak in the Province of Buenos Aires
SENASA, Argentina’s National Food Safety and Quality Service, issued a statement suspending all transportation of horses in the Buenos Aires province for two weeks due to an outbreak of Viral Equine Arteritis.
Brazilian Farmers Prospect for Phosphates to Cap Fertilizer Suppliers’ Dependence
Farmers in Brazil have teamed up to drill an area the size of New York for phosphate-based fertilizers, seeking to cut dependency on producers including Vale S.A. (NYSE:VALE) and Mosaic Co. (NYSE:MOS) after prices surged.
Fearing Global Impact from Greece, World Markets Close Sharply Friday
Global stock markets closed sharply Friday amid investor fears that Greece's debt crisis could halt the global economic recovery.
Long Experienced Politician Takes Office as Costa Rica’s First Woman President
Laura Chinchilla becomes Costa Rica's first female president on Saturday, taking over at a challenging time in one of Latin America's most stable democracies. Rising poverty and insecurity in the popular eco-tourism destination and a fiscal deficit worsened by the global financial crisis are key public concerns at the start of her four-year term.
Spain Emerges from Two-Year Recession with More Doubts than Certainties
Spain’s economy emerged from an almost two-year recession in the first quarter, trailing the Euro area by six months. GDP expanded 0.1% in the first three months of 2010, the Madrid-based Bank of Spain estimated in its monthly report today.
US Private Sector adds Jobs in April and More People Re-Enter Labour Market
Companies in the United States added 290,000 jobs in April, mostly in the private sector, the United States Department of Labor said Friday, a strong sign that the job market has begun recovering from last year's damaging recession.
