Stories for September 2008

Friday, September 19th 2008 - 21:00 UTC
The revival of famous football club in Holland

Two years ago the Dutch football club, SC Cambuur Leeuwarden was on the verge of closure. The club had lost its prize position in the Premier Division, attendances had fallen to below 2,000, the team was constantly bottom of the Jupiler League (1st division) and the main sponsors had withdrawn their financial support.
Thursday, September 18th 2008 - 21:00 UTC
Latinamerica markets suffer merciless broad based losses

Stock markets across Latinamerica suffered a beating on Wednesday amid growing anxiety about turmoil in the US financial sector expanding globally and ever-tightening credit conditions.
Thursday, September 18th 2008 - 21:00 UTC
Falklands celebrates 21 years at UK party conferences

The Falkland Islands Government (FIG) celebrates this month its twenty first consecutive year of attendance at the Labour and Conservative Party Conferences. It is one of the longest standing exhibitors at the Conferences.
Thursday, September 18th 2008 - 21:00 UTC
Lula da Silva feels “sad” about W. Street “super intelligent”

Brazilian President Lula da Silva said on Thursday he has watched with “sadness” the collapse of Wall Street firms that made economic policy recommendations in emerging markets “as if they were the super intelligent and we were the poor souls”, according to Spanish news agency EFE.
Thursday, September 18th 2008 - 21:00 UTC
Vazquez presents his presidential candidate to business leaders

Uruguayan president Tabare Vazquez launched this week before the international business community the presidential candidacy of his outgoing Economy minister during the opening of a trade and investment forum sponsored among others by The Economist Intelligence Unit.
Thursday, September 18th 2008 - 21:00 UTC
The Economist IU praises “impressive” Uruguayan economy

The Economist Intelligence Unit praised in Montevideo the achievements of the Uruguayan economy as “really impressive” but also cautioned that good times don't last for ever.
Thursday, September 18th 2008 - 21:00 UTC
Argentina en route to normalize links with external creditors

The Paris Club has welcomed Argentina's pledge to repay its full debt of 6.7 billion US dollars to the group of creditor nations. Discussions on how the repayment will be made are still ongoing, the group said.
Wednesday, September 17th 2008 - 21:00 UTC
Contaminated milk poisons thousands of Chinese toddlers

More than 6.200 babies have fallen ill after drinking milk made from contaminated powder, Chinese Health Minister Chen Zhu announced. The figure is five times higher than previously announced.
Wednesday, September 17th 2008 - 21:00 UTC
“Financial bubble” of the last 25 years coming to an end

Billionaire investor George Soros has given his gloomiest assessment of the state of the US and world economies. Speaking with BBC business editor Robert Peston Soros said that the “acute phase” of the credit crunch may be over but effects on the real economy are yet to be felt.
Wednesday, September 17th 2008 - 21:00 UTC
US bails out AIG with 85 billion USD; takes 80% stake

In a bid to save financial markets and economy from further turmoil the United States government agreed Tuesday evening to provide an 85 billion US dollars emergency loan to rescue the huge insurer AIG.