Stories for April 2008

Thursday, April 3rd 2008 - 21:00 UTC
Bernanke in Congress admits “recession” is in his vocabulary

Federal Reserve Chairman Ben Bernanke warned on Wednesday that US gross domestic product (GDP) could contract in the first six months of 2008. If this happens the US would be in recession since two consecutive three-month periods of negative growth is generally accepted as such.
Thursday, April 3rd 2008 - 21:00 UTC
Hostage release and Paris Club in CFK Sarkozy summit

With the farmers' conflict in recess for thirty days, Argentine president Cristina Fernandez de Kirchner, CFK, is preparing to fly next Saturday to Paris where on Monday she will meet with French President Nicolas Sarkozy to work on an agenda of mutual interest which could have significant political benefits.
Wednesday, April 2nd 2008 - 21:00 UTC
Chilean salmon industry reacts to NY Times allegations

The Chilean salmon industry rejected on Tuesday to an article from The New York Times which claims that local farmers use hormones to speed growth and antibiotics to deal with the infectious anemia, ISA, outbreak.
Wednesday, April 2nd 2008 - 21:00 UTC
Petrobas begins operations with extra heavy oil

Brazil's government managed oil corporation Petrobras announced Tuesday that its first oil rig designed to produce extra heavy petroleum went online on Tuesday. The special rig is located in the Badejo field in the Campos basin, off Rio do Janeiro according to a release from Petrobras.
Wednesday, April 2nd 2008 - 21:00 UTC
Sarkozy appeals directly to FARC for release of Betancourt

French President Nicolas Sarkozy has implored Colombia's rebel group FARC to free ailing hostage Ingrid Betancourt, saying she is in danger of dying. Mr Sarkozy has also announced a French mission to Colombia to try to get access to the hostage.
Wednesday, April 2nd 2008 - 21:00 UTC
Fears of inflation as Brazil's industrial output climb 9.7%

Brazil's industrial output climbed 9.7% in February, the highest in the last four months and the 20th straight gain in year-on year industrial production according to the latest release from the government.
Wednesday, April 2nd 2008 - 21:00 UTC
Latam air accident rate double world average claims IATA

The International Air Transport Association (IATA) called on Monday for the Latin American aviation industry to redouble its efforts to drive down the accident rate in the region and better coordinate safety regulations.
Wednesday, April 2nd 2008 - 21:00 UTC
After muscle display, Kirchners and farmers seem ready to talk

A huge political rally set up by the Argentine government with the support of friendly organizations in the heart of Buenos Aires was the Tuesday stage for President Cristina Fernandez de Kirchner to accuse striking farmers of cutting food supplies to cities and rekindling ghosts of the recent past.
Wednesday, April 2nd 2008 - 21:00 UTC
Malvinas Veterans' Day commemoration moved to Air base

On the 26th anniversary of the beginning of the Falkland Islands conflict, (April 2, 1982), Argentine president Cristina Fernandez de Kirchner will head the main commemoration which is remembered as the Day of the Malvinas veteran and the fallen in the Islands war.
Wednesday, April 2nd 2008 - 21:00 UTC
Chile receives less than 30% of S America cruises

Chile receives 2% of the world's cruise tourists, according to a report port experts presented this week to Chile's System of Public Companies (SEP). The researchers recommended Chile take action in order to attract more cruisers to the country's shores.