MercoPress. South Atlantic News Agency
Stories for May 9th 2008
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Friday, May 9th 2008 - 21:00 UTC
Citigroup wants to sell U$S 400 billion of assets in three years
The United States banking giant Citigroup announced it wants to sell 400 billion US dollars of assets over the next three years as part of its bid to return to profit. It has 500 billion US dollars of “legacy assets” that it wants to reduce to 100 billion
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Friday, May 9th 2008 - 21:00 UTC
IMF warns inflation risks have become a global challenge
Prospects for continued relatively strong growth in emerging and developing economies suggests that demand growth for energy and commodities will remain solid, even as global growth is slowing, according to the International Monetary Fund, IMF, First Deputy Managing Director John Lipsky.
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Friday, May 9th 2008 - 21:00 UTC
Sugar cane becomes Brazil's second energy source
Sugar cane and cane-based ethanol became a more important energy source than hydroelectric power in Brazil's overall energy production last year, topped only by petroleum and oil products according to a report from the government's energy planning agency, EPE.
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Friday, May 9th 2008 - 21:00 UTC
“Pompeii scenario” forecasted for Chile's Chaitén volcano
Chilean authorities are considering the possibility that Chaitén volcano in continuous eruption for over a week might collapse and release a torrent of red-hot pyroclastic material (burning gas and rocks) that could devastate the surrounding area.
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Friday, May 9th 2008 - 21:00 UTC
Brazil's April annualized inflation climbs to 5.04%
Brazilian Consumer Prices Index experienced its biggest increase in four months in April, 0.55% (up from March's 0.48%) because of higher food costs, according to the Brazilian Geography and Statistics Institute, IBGE.
