Stories for October 2008

Wednesday, October 15th 2008 - 20:00 UTC
Argentina promises to protect industry; Brazil dissents

President Cristina Fernández de Kirchner announced that the defence of the economy and employment will be the priority of her administration, in order to cope with the international financial crisis that is affecting world markets.
Wednesday, October 15th 2008 - 20:00 UTC
Magallanes has six of Chile's least populated locations

Magallanes Region in the extreme south of Chile has some of the least populated towns and villages of the country according to the latest census.
Wednesday, October 15th 2008 - 20:00 UTC
IMO agrees guidelines to contain shipping emissions

The United Nations International Maritime Organization, IMO has reported major progress on efforts to cut polluting and global warming emissions from ships, achieve more environmentally friendly recycling of vessels and prevent contamination from harmful organisms in ballast.
Wednesday, October 15th 2008 - 20:00 UTC
Oil prices drops to 74.40 USD,lowest in over twelve months

Oil prices fell sharply on Wednesday as investors and officials said the global financial crisis could slash demand for energy. The price of crude oil for future delivery dropped more than 4 USD or more than 5%, to 74.50 USD a barrel during trading in New York.
Tuesday, October 14th 2008 - 20:00 UTC
Japan's Nikkei joins other Asian markets strong rebound

Financial markets in Asia have risen sharply, with Japan's Nikkei gaining 10% in early trading Tuesday, and Sydney up 5%. The gains came after Wall Street shares rocketed 11% on Monday as investors welcomed fresh moves to deal with the worldwide financial crisis. Japan was closed Monday because of a national holiday.
Tuesday, October 14th 2008 - 20:00 UTC
Positive contagion lifts Latam to one day record-gains

Latinamerican equities staged on Monday a powerful rebound from last week's crash, with Brazil's Bovespa soaring 14% and Mexico's IPA 11.1%, its highest one day gain this year and since 1998.
Tuesday, October 14th 2008 - 20:00 UTC
Obama proposes new jobs tax credit and foreclosure relief

Democratic US presidential candidate Barack Obama unveiled on Monday an “economic rescue plan for the middle class” at a campaign event in Toledo, Ohio.
Tuesday, October 14th 2008 - 20:00 UTC
South Georgia another record year of cruise visits

South Georgia following on from last year's record will once again experience an increase in the number of cruise ship visits to the Island.
Tuesday, October 14th 2008 - 20:00 UTC
Falkland Islands ready to receive HMS Iron Duke

BRITISH Type 23 frigate, HMS Iron Duke, who was recently involved in anti – drug smuggling work in the Caribbean, has officially taken over the South Atlantic Patrol Task
Tuesday, October 14th 2008 - 20:00 UTC
Soros: market fundamentalism out, serious recession in

British-Hungarian financier and philanthropist George Soros warned in an interview with Budapest's Nepszabadsag newspaper that it is too early to say if markets will stabilize after last week's panic and described the current situation as the crisis of a lifetime.