MercoPress. South Atlantic News Agency
Stories for October 3rd 2008
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Friday, October 3rd 2008 - 21:00 UTC
California is asking 7 billion USD from Uncle “Hank” Paulson
California is the latest US state to be feeling economic shockwaves from the financial crisis on Wall Street in the form of budget deficits, dwindling finances and plummeting pension funds.
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Friday, October 3rd 2008 - 21:00 UTC
World oil demand at its lowest in 5 years; outlook bearish
The outlook for oil demand is weakening, shifting the sentiment of oil markets from bullish to bearish according to a report from the Saudi Arabia's Arab News daily.
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Friday, October 3rd 2008 - 21:00 UTC
Uruguay's forecasted to end 2008 with one digit inflation
Consumer prices in Uruguay during September increased 0.6%, accumulating 7.63%, in nine months and making the 2008 target of 7% look significantly distant, according to the latest release from the Statistics Office, INE.
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Friday, October 3rd 2008 - 21:00 UTC
US House votes rescue package: now unchartered waters
The United States House of Representatives finally passed a 800 billion government plan to rescue the US financial sector. The 263-171 vote was the second in a week, following its shock rejection of an earlier version on Monday.
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Friday, October 3rd 2008 - 21:00 UTC
UK “heavyweight” cabinet to address the financial turmoil
British Prime Minister Gordon Brown has reshuffled his cabinet with more “experienced” heavy weights from New Labor beginning with Peter Mandelson, the EU Trade Commissioner and twice minister with Tony Blair.
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Friday, October 3rd 2008 - 21:00 UTC
US economy loosing jobs at fastest rate in five years
The United Status economy lost jobs in September at its fastest pace in more than five years, --with unemployment reaching 6.1%--, and the outlook from economists and surveys is grim despite Congress' emergency action Friday to stabilize the financial system.
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Friday, October 3rd 2008 - 21:00 UTC
Brazil ready to inject liquidity from international reserves
Brazil's currency may not strengthen to previous levels because of ongoing global market turmoil and the government may use international reserves to increase liquidity, the finance minister said on Friday.
