MercoPress. South Atlantic News Agency
Stories for May 16th 2008
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Friday, May 16th 2008 - 21:00 UTC
“Worst of financial turbulence is over”, but hangover persists
The worst of the global financial turbulence is over, but the effects on the world economy will be felt for some time, the head of the International Monetary Fund said Thursday in Brussels before a European Parliament committee.
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Friday, May 16th 2008 - 21:00 UTC
Newly reinstated US Navy IV Fleet “poses no threat” to region
The commander of United States Southern Command, Admiral James Stavridis reassured Latin American military chiefs that reinstating the US IV Fleet in the region posed no threat and will respect maritime claims, including offshore oil reserves.
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Friday, May 16th 2008 - 21:00 UTC
Bernanke urges banks to continue capital-raising efforts
United States Federal Reserve chairman Ben Bernanke urged financial institutions to remain proactive in their capital-raising efforts as market and economic conditions improve but he also called for better risk management amid “ongoing fragility” in the markets.
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Friday, May 16th 2008 - 21:00 UTC
Argentine farmers' conflict becoming an attrition process
Striking Argentine farmers opposed to a hike in export taxes decided on Thursday to extend the stoppage for another week but also sent a letter to President Cristina Fernandez de Kirchner requesting an “urgent meeting” following on her Wednesday appeal for a national dialogue.
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Friday, May 16th 2008 - 21:00 UTC
Falkland Islands: Weekly Penguin News update
Headlines: Les and Duel nab 18th win; Scholars dispute claim; Flights suspended to three island airstrips; Sex offender avoids prison; News in Brief.
