Stories for October 11th 2008

Saturday, October 11th 2008 - 21:00 UTC

IMF: Latam must ensure liquidity and price stability

Latin America's governments will have to watch carefully their financial systems liquidity and try to ensure gains in eliminating inflation, said on Friday Anoop Singh, the International Monetary Fund Director for the region.

Saturday, October 11th 2008 - 21:00 UTC

Chile to increase F16 fighter bombers wing to 44

Chile is interested in purchasing another batch of refurbished F 16 fighter bombers for the Air Force, according to diplomatic sources in Santiago which was partially confirmed by Defence officials.

Saturday, October 11th 2008 - 21:00 UTC

Obama supports Paulson's plan to buy equities in banks

United States presidential candidate Barak Obama on Friday welcomed a plan by Treasury Secretary Henry Paulson to buy equity in financial institutions if necessary to halt market turmoil.

Saturday, October 11th 2008 - 21:00 UTC

Ex-Argentine dictator leaves house arrest for military prison

Former Argentine dictator Jorge Rafael Videla was taken to a military prison Friday, after a federal judge revoked the benefit of house arrest that he had enjoyed for 10 years.

Saturday, October 11th 2008 - 21:00 UTC

Price of crude has plunged 50% since July's peak

The price of crude oil has now plunged by almost 50% since striking record high levels above 147 US dollars per barrel on July 11. Trading on Friday was below 80 US dollars a barrel as demand declines amid a worsening economic outlook caused by a global credit crisis.