MercoPress. South Atlantic News Agency
Stories for August 28th 2008
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Thursday, August 28th 2008 - 21:00 UTC
Argentine Central Bank boasts having cut run on deposits
The Argentine Central Bank president Martin Redrado said that “there's no floor on sight for the international financial markets crisis”, but in recent months “for the first time in decades, Argentina managed to stop a run on the bank's reserves”.
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Thursday, August 28th 2008 - 21:00 UTC
Energy short Uruguay considering nuclear power alternative
Uruguay will consider resorting to nuclear energy to meet the growing demand for electricity and cut dependency on fossil fuels, announced President Tabare Vazquez from Israel, the first leg of a tour which will also take him to Switzerland and South Korea.
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Thursday, August 28th 2008 - 21:00 UTC
Positive but cautious UN report on regional economy
Latin America and the Caribbean have posted positive economic gains for the sixth year in a row, despite the global downturn, with gross domestic product (GDP) rising nearly 5% this year, according to the most recent estimates of the United Nations office in the region.
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Thursday, August 28th 2008 - 21:00 UTC
Argentina, Brazil to develop nuclear energy agency
Argentina and Brazil are scheduled to address the creation of a bi-national nuclear energy agency when the countries two presidents meet next month in Recife, northeast Brazil, reports the Brazilian press.
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Thursday, August 28th 2008 - 21:00 UTC
Argentina will meet debt obligations, says cabinet chief
Argentina will meet all its debt obligations in 2008 and 2009, said Cabinet chief Sergio Massa addressing investor concerns that political tensions could reduce its budget surplus and slow its debt payments.
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Thursday, August 28th 2008 - 21:00 UTC
Current policies could force Argentina to import beef by 2012
Argentina could be forced to import beef by 2012 if current policies are not modified, but current tonnage could increase by 50% if rules are changed, warned the Argentine Regional Consortia of Agriculture Research, Aacrea.
