Stories for October 2008

Sunday, October 19th 2008 - 20:00 UTC
Strong confidence message from Latam central bankers

Latinamerican Central bank presidents and leading economists said on Sunday the region is well prepared to face growing global financial turbulence and agreed to share information on monetary and financial markets.
Sunday, October 19th 2008 - 20:00 UTC
Suspended death sentence for corrupt Beijing vice mayor

A former Beijing vice mayor in charge of overseeing Olympic construction projects has been given a suspended death sentence for corruption, a court said Sunday, in a stern warning to wayward Communist officials.
Saturday, October 18th 2008 - 20:00 UTC
Tourism industry starting to suffer global crisis says UN

Global tourism is already feeling the effects of the financial crisis, slowing down over the northern summer this year, the United Nations tourism agency reports, warning that the industry could suffer a sharper downturn in the months ahead.
Saturday, October 18th 2008 - 20:00 UTC
Interest for nuclear energy growing world wide

More than 50 countries have alerted the International Atomic Energy Agency (IAEA) that they are considering utilizing nuclear power, announced this week the head of the United Nations body.
Friday, October 17th 2008 - 20:00 UTC
JPMorgan becomes US largest bank; displaces Citigroup

JPMorgan Chase & Co has become the largest US bank by assets surpassing long-time leader Citigroup Inc. On Thursday Citigroup Inc reported it ended September with 2.05 trillion US dollars of assets, while a day earlier JPMorgan led by Jaime Dimon, said it ended the month with 2.25 trillion US dollars.
Friday, October 17th 2008 - 20:00 UTC
Spain banks “strong and solvent”, no need for rescue plan

Spanish banks are strong and have solvency and do not need the government to take stakes in them, said Emilio Botin, the chairman of Spain's largest bank Santander.
Friday, October 17th 2008 - 20:00 UTC
Brazil and Mexico inject US dollars to sustain currencies

Brazil Central Bank announced on Thursday further measures to ensure liquidity and support the local currency Real. The bank expanded the list of securities it will accept to free up reserve requirements on term deposits and took new measures to ensure that banks that borrow from its discount window provide credit lines to exporters
Friday, October 17th 2008 - 20:00 UTC
Vital Voices Summit in Argentina honours Chile's Bachelet

More than 300 women, successful entrepreneurs, leaders in their workplace with fierce personalities, in smart business suits or colourful artisanal dresses from Latin American and Caribbean countries such as Peru, Panama, Jamaica, Honduras, Guatemala, Bolivia all exuberant, all very feminine were recently at a conference at the Hilton Hotel in Buenos Aires: Vital Voices of the Americas: Women as a Bridge to a More Prosperous Future Summit for Latin America and the Caribbean. Chilean President Michelle Bachelet and President Cristina Fernandez de Kirchner addressed this gathering of government leaders, community and NGO advocates, and leading businesswomen.
Friday, October 17th 2008 - 20:00 UTC
Chilean unofficial hopeful presidential candidates line up

Though ostensibly keeping a low profile until this month's municipal elections are over, Chile's main political parties are showing unmistakable signs of intra-party conflict regarding the 2009 presidential race
Friday, October 17th 2008 - 20:00 UTC
Falkland Islands: Weekly Penguin News Update

Headlines: New Haven in operation; Funding for Stanley Dairy dries up; Oil salvage team arrives; Oil salvage team arrives.