Stories for September 2007

Friday, September 14th 2007 - 21:00 UTC
Role of credit agencies in financial turmoil to be probed

United Kingdom Chancellor Alistair Darling has joined growing calls –from the US Congress and EU leaders-- for a probe into the role that credit agencies have played in the current world financial turbulence.
Friday, September 14th 2007 - 21:00 UTC
Corruption: review panel points to World Bank “ambivalence”

An independent review panel has found that the World Bank has not considered fighting corruption seriously and has defended itself against efforts taken by anti-graft investigators.
Friday, September 14th 2007 - 21:00 UTC
EU plans to increase grain crop by cutting on fallow land

The European Commission proposed this week to suspend for a year rules forcing grain farmers to leave a percentage of fallow land and thus helping to curb soaring prices of cereals such as wheat.
Friday, September 14th 2007 - 21:00 UTC
Shrinking Artic ice makes Northwest Passage “fully navigable”

The area covered by sea ice in the Arctic has shrunk to its lowest level this week since satellite measurements began nearly 30 years ago, opening up the Northwest Passage – a long-sought short cut between Europe and Asia that has been historically impassable, the European Space Agency.
Friday, September 14th 2007 - 21:00 UTC
UN moves to advance ozone layer protection treaty by 10 years

As representatives from almost 200 Governments prepare to gather next week in Montreal, Canada on the 20th anniversary of the United Nations-backed treaty to protect the world's ozone layer, a senior UN official today called for intensified action to eliminate the use of hydro chlorofluorocarbons (HCFCs) which damage it.
Thursday, September 13th 2007 - 21:00 UTC
Fragile victory for key Lula da Silva Congressional ally

The Brazilian Senate narrowly voted Wednesday to absolve the embattled higher house president Renan Calheiros, a key ally of President Luiz Inacio Lula da Silva, who faced expulsion over corruption allegations.
Thursday, September 13th 2007 - 21:00 UTC
Paulson sees “long” confidence crisis in credit markets

The crisis of confidence in credit markets is likely to last longer than previous financial shocks of the past two decades warned United States Treasury Secretary Henry Paulson in an interview with the Financial Times.
Thursday, September 13th 2007 - 21:00 UTC
Brazilian economy steadily expanding at 5.4% rate

The Brazilian economy expanded 0.8% in the second quarter over the first quarter reported Wednesday the Brazilian Geography and Statistics Institute. This represents a 5.4% increase over the same period a year ago.
Thursday, September 13th 2007 - 21:00 UTC
Asia taking a clear global trade lead over Latinamerica

The United Nations Economic Committee for Latinamerica and the Caribbean, CEPAL, recommends Latinamerica and MERCOSUR to have closer links with the Association of South East Asian nations, ASEAN.
Thursday, September 13th 2007 - 21:00 UTC
State of emergency declared in Paraguay

Paraguay's government declared a national state of emergency on Wednesday amid the worst ever forest fires there.