Stories for September 2008

Tuesday, September 16th 2008 - 21:00 UTC
Fed rate unchanged; injects 70 billion to boost liquidity

The United States Federal Reserve left interest rates unchanged at 2% on Tuesday arguing slower economic growth but also warning about an inflation outlook “highly uncertain”.
Monday, September 15th 2008 - 21:00 UTC
Cash scandal main witness guest at Casa Rosada reception

The Miami federal court cash scandal case which involves Venezuela and Argentina is becoming increasingly embarrassing for the administration of President Cristina Fernandez de Kirchner.
Monday, September 15th 2008 - 21:00 UTC
Brazil: Development of oil will help expand 4% in 2009

Brazil's economy is forecasted to expand 4% in 2009 as oil exploration bolsters investment even as the United States and European Union slowdown hamper global growth, according to the country's Planning Minister Paulo Bernardo.
Monday, September 15th 2008 - 21:00 UTC
South America leaders meet to address Bolivian crisis

Bolivia's government said on Sunday it had reached a basic agreement with the opposition on ending the violence which officials say has left at least 30 people dead. The deal came after long hours of talks in the capital, La Paz.
Monday, September 15th 2008 - 21:00 UTC
Uruguay favors more trade accords, with or without Mercosur

Uruguay formally proposed its Mercosur partners to begin a round of negotiations geared to reach trade agreements with the European Union, United States, South Korea and Canada. The proposal had been advanced early August but was formalized early September in Brazil during a meeting of the Mercosur Foreign Relations Commission.
Monday, September 15th 2008 - 21:00 UTC
Lehman Brothers files for bankruptcy. Wall Street in turmoil

The fourth-largest investment bank in the US, Lehman Brothers, has said it will file for bankruptcy protection, amid a growing global financial crisis.
Monday, September 15th 2008 - 21:00 UTC
Nobel Prize Stiglitz: crisis should be less serious than 1929

The crisis now gripping world financial markets should be less serious than that of 1929, Nobel Prize laureate Joseph Stiglitz said on Monday because new monetary and fiscal “instruments” could prevent a Great Depression.
Monday, September 15th 2008 - 21:00 UTC
Bank of America takes over Merrill Lynch for 50 billion USD

Bank of America is to buy Merrill Lynch in a deal worth 50 billion US dollars that will create a new financial giant. The deal came amid a hectic weekend on Wall Street, with Lehman Brothers announcing that it would file for bankruptcy protection.
Monday, September 15th 2008 - 21:00 UTC
Punta Arenas rated by residents as the safest city in Chile

Punta Arenas is Chile's city with the lowest percentage of victimized homes and where prosecution is best evaluated according to a poll from Paz Ciudadana-Adimark, a non government organization which monitors violence and crime in Chilean society.
Monday, September 15th 2008 - 21:00 UTC
Mrs. Kirchner “on the wrong track” says 65% of Argentines

Only 23% of Argentines believe President Cristina Fernandez de Kirchner is performing a good job, while 65% consider she's “on the wrong track”, according to the latest public opinion to be released over the weekend.