Stories for August 2008

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”.
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.
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.
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.
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.
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.
Wednesday, August 27th 2008 - 21:00 UTC
Argentine fisheries exports unchanged in 12 months

Argentine fisheries exports reached 318.372 tons and 657.5 million US dollars respectively during the first seven months of 2008 which represents a slight 6% increase in dollars over the same period a year ago, according to the latest figures released by the country's food safety office, Senasa,
Wednesday, August 27th 2008 - 21:00 UTC
Mar del Plata claims fisheries industry “no longer profitable”

Fisheries in Argentina has become a non profitable business according to several industry chambers mostly based in Mar del Plata where 50% of the country's fleet is docked and a significant percentage of total catches are landed.
Wednesday, August 27th 2008 - 21:00 UTC
UK presents before UN sea bed claim around Ascension Is

Britain is to formally present its case to the United Nations in New York for extending its territorial rights around Ascension Island in the South Atlantic. States have rights over their resources, including oil or gas reserves, up to 200 nautical miles from the shoreline.
Wednesday, August 27th 2008 - 21:00 UTC
Hillary Clinton calls on supporters to rally behind Obama

Hillary Clinton delivered an unequivocal endorsement of Barack Obama in her prime time speech at the Democratic convention in Denver tonight and called on her supporters to rally behind him.