Stories for September 2008

Thursday, September 11th 2008 - 21:00 UTC
JP Morgan: Uruguay “exposed” to Argentine slowdown

US investment bank JP Morgan said the expected deceleration in Argentina will have an impact for the performance of neighboring Uruguay's economy, according to reports published in the Montevideo press.
Thursday, September 11th 2008 - 21:00 UTC
Protests in Bolivia cuts gas exports; US ambassador expelled

President Evo Morales said Wednesday that he is expelling the U.S. ambassador in Bolivia for allegedly inciting violent opposition protests. Morales' announcement came hours after a pipeline blast triggered by saboteurs forced the country to cut natural gas exports to Brazil by 10%.
Thursday, September 11th 2008 - 21:00 UTC
Brazil raises basic rate to 13.75%, highest in two years

The Brazilian Monetary Policy Committee (Copom) of the Central Bank (BC) raised the base interest rate (Selic) by 0.75 percentage point, from 13% to 13.75% a year. This is the fourth consecutive hike in Selic and the highest is almost two years.
Thursday, September 11th 2008 - 21:00 UTC
Chavez and Kirchner linked to cash scandal cover up operation

On the second day of the Miami federal trial involving an international cash scandal and attempts to conceal the origin of the money, jurors were able to listen to recordings which establish the close links between the presidents of Argentina and Venezuela and attempts to cover up the mishap.
Thursday, September 11th 2008 - 21:00 UTC
United State marks seventh 9/11 anniversary

Memorial services are set to be held to mark the seventh anniversary of the 11 September 2001 attacks on the US.
Thursday, September 11th 2008 - 21:00 UTC
Kissinger efforts to prevent Allende taking office in 1970

On the eve of the thirty-fifth anniversary of the military coup in Chile, (September 11, 1973) the National Security Archive based in Washington published for the first time formerly secret transcripts of Henry Kissinger's telephone conversations that set in motion a massive US effort to overthrow the newly-elected socialist government of Salvador Allende.
Thursday, September 11th 2008 - 21:00 UTC
Petrobras confirms pre-salt oil reservoir of light oil and gas

Petrobras announced this week that the completion of the Iara well drilling (which first found oil in August 2007) confirmed the discovery of light oil in the Santos basin pre-salt reservoir with a recoverable volume estimated in 3 to 4 billion barrels of light oil and natural gas.
Thursday, September 11th 2008 - 21:00 UTC
Nuclear power predicted to continue to expand strongly

The United Nations International Atomic Energy Agency (IAEA) said on Thursday that nuclear power is expected to continue to expand in the coming decades in line with the growing global demand for energy, while also reporting that the power source's share of global electricity generation dropped another percentage point in 2007 to 14%.
Thursday, September 11th 2008 - 21:00 UTC
Gibraltar celebrates National Day and self determination

”Gibraltar (*) is now a modern, economically and socially prosperous community and we are politically advanced, mature and self assured. We no longer need to claim our right to self determination. We have it” said Gibraltar's Chief Minister Peter Caruana in his advance of the September 11 National Day message.
Thursday, September 11th 2008 - 21:00 UTC
EC forecasts recession ahead for UK, Spain and Germany

United Kingdom is forecasted to fall into recession by the end of the year alongside Spain and Germany after a “sharper than expected” slowdown, the European Commission has predicted.