MercoPress. South Atlantic News Agency
Stories for April 2008
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Monday, April 14th 2008 - 21:00 UTC
US fourth largest bank looking for 7 billion cash injection
The United States fourth-largest bank Wachovia Corporation reported a 393 million US dollars loss in the first quarter and has been forced to cut its dividend and seek a 7 billion US dollar cash injection to make up its mortgage business.
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Monday, April 14th 2008 - 21:00 UTC
Protestors win half victory over Japanese whaling fleet
Japan blamed the failure of its whaling fleet to net little more than half its target catch this year to “relentless interference” from environmentalists and described the situation as “regrettable”.
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Monday, April 14th 2008 - 21:00 UTC
Massive production of bio-fuels: “crime against humanity”
Massive production of bio-fuels is “a crime against humanity” because of its impact on global food prices, said on Monday United Nations Special Rapporteur for the Right to Food, Jean Ziegler.
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Sunday, April 13th 2008 - 21:00 UTC
G7 ministers target financial sector and credit rating agencies
The G7 group of most industrialized nations, meeting in Washington, approved a plan Saturday aimed at easing the continuing crisis in the global credit markets.
Including calls for more oversight of financial firms and greater financial transparency, G7 members have committed themselves to its implementation -
Sunday, April 13th 2008 - 21:00 UTC
Bankers acknowledge “weakness in business practices”
The credit crisis is still sending shockwaves around the world and leading banks have now accepted much of the blame for the current turbulence in the financial markets. At a meeting of the Institute of International Finance in Frankfurt, senior bankers acknowledged that “weaknesses in business practices”, including bankers' pay and the management of risk, may have contributed to the crisis, reports the BBC.
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Sunday, April 13th 2008 - 21:00 UTC
Haiti's Congress sacks Prime Minister over food riots
Haiti Parliament voted on Saturday to oust Prime Minister Jacques Edouard Alexis following widespread anger over rising food prices that led to days of deadly protests and looting.
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Sunday, April 13th 2008 - 21:00 UTC
Magnitude 7.1 earthquake in Sub Antarctic seabed
An earthquake magnitude 7.1 struck Saturday in the vicinity of Macquarie Island, which lies about halfway between Australia and Antarctica and 2.000 kilometers south from the New Zealand capital Wellington, said the US Geological Survey.
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Sunday, April 13th 2008 - 21:00 UTC
Indian president begins strategic tour of Latam countries
India's President Pratibha Patil left on Saturday for a Latinamerican tour of Brazil, Mexico and Chile with the purpose of strengthening trade, investment and political ties with the region.
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Sunday, April 13th 2008 - 21:00 UTC
Disappeared glacial lake in southern Chile gradually recovering
Lake Cachet 2 next to a glacier in the south of Chile, which last week swelled and then suddenly emptied is gradually recovering according to Chilean authorities from the Natural Waters System Office, DGA.
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Sunday, April 13th 2008 - 21:00 UTC
Chavez calls FARC to release civilians and stop kidnapping
Venezuelan President Hugo Chavez confirmed he was working for the release of a third group of hostages held by the Colombian guerrilla group FARC, including Ingrid Betancourt and urged the rebels to free all civilian hostages.
