Stories for October 2008

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.
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.
Thursday, October 2nd 2008 - 21:00 UTC
Uruguay/US sign renewable energy memorandum

United States and Uruguay signed Wednesday in Washington a memorandum to advance bilateral cooperation on renewable energy and energy efficiency. The document was signed by Assistant Secretary of State for Western Hemisphere Affairs Thomas A. Shannon and Uruguayan Foreign Affairs Minister Gonzalo Fernández
Thursday, October 2nd 2008 - 21:00 UTC
Suitcase scandal: trail leads to Chavez number two

The former partner of a US/Venezuelan citizen on trial in Miami for allegedly trying to cover up the origin of nearly 800,000 US dollars in political cash that was carried in a suitcase into Argentina testified Wednesday that both governments were deeply involved in trying to quell the scandal.
Thursday, October 2nd 2008 - 21:00 UTC
US Senate approved rescue plan; Friday the main hurdle

The United States Senate approved Wednesday evening a new version of a 700 billion rescue plan for the troubled US financial system. Senators voted 74 to 25 in favor of the emergency legislation designed to stabilize volatile markets and limit further damage to the economy.
Thursday, October 2nd 2008 - 21:00 UTC
Euro interest rate on hold but hints of cut next time

The European Central Bank left interest rates unchanged at 4.25%, resisting pressure for a rate cut. However ECB president Jean Claude Trichet said that a quarter point interest rate cut had been considered, but there had been a unanimous vote against it.
Thursday, October 2nd 2008 - 21:00 UTC
Car sales in US crash: worst September since 1993

United States car sales fell sharply in September, in the latest sign that the continuing problems in the financial sector are starting to hit the general economy.
Thursday, October 2nd 2008 - 21:00 UTC
Argentina bans sale of Made in China 48 milk related products

Argentina joined a long list of Latinamerican countries which have banned the import of Chinese milk and related products such as sweets, chocolate bars, cookies, instant tea and coffee with powder milk, etc.
Thursday, October 2nd 2008 - 21:00 UTC
Argentina gets tough on hake fisheries conservation

Argentina has expanded and declared permanent the ban on common hake (Merluccius hubbsi,) fishing in the following quadrants of the South Atlantic: the northern half of 4160, 4260, 4261 and 4262.
Thursday, October 2nd 2008 - 21:00 UTC
Argentine lamb and mutton exports 21 m. USD in 8 months

Argentine lamb and mutton exports increased 4% in volume and 21% in US dollars during the first eight months of the year according to the latest release from Senasa, the agro-food sanitary and quality service.