Stories for November 16th 2008

Sunday, November 16th 2008 - 20:00 UTC
Uruguay meat exports in ten months totalled 1.3 billion USD

Uruguay meat exports totalled 1.3 billion US dollars until November 8, a 55% value increase over the same period a year ago, according to the latest statistics from the country's Meat Institute.
Sunday, November 16th 2008 - 20:00 UTC
Chinese industrial output hits 7-year low in October

China's industrial output hit a seven year low as the global economic slowdown continues to batter the world's fourth largest economy eroding demand for Chinese exports.
Sunday, November 16th 2008 - 20:00 UTC
Ecuador auditing sovereign bonds delays interest payments

Ecuadorian President Rafael Correa said Saturday that his government is invoking a 30-day grace period and has until December 15 to decide if it will make a 30.6 million USD interest payment on 2012 bonds due Saturday.
Sunday, November 16th 2008 - 20:00 UTC
Brown claims G20 backed his blueprint for combating crisis

British Prime Minister Gordon Brown claimed Saturday that world leaders had backed his blueprint for combating the global slowdown. He said they had agreed to “fiscal measures” to stimulate the economy - likely to mean increased government spending and cuts in taxes.
Sunday, November 16th 2008 - 20:00 UTC
G20 agrees financial reform agenda and free trade timetable

Global leaders at the G20 financial summit in Washington have pledged to work together to restore global growth. They said they were determined to work together to achieve “needed reforms” in the world's financial systems.
Sunday, November 16th 2008 - 20:00 UTC
Canada mad cow case blamed on feed manufacturer

The Canada Food Inspection Agency says a British Columbia feed manufacturer is the most likely source of the country's 13th case of mad cow disease.
Sunday, November 16th 2008 - 20:00 UTC
Iran pushing for oil cut of 1.5 million bpd in Cairo meeting

Iran's OPEC governor, Mohammad Ali Khatibi, is calling on the oil cartel to cut production by a further 1 to 1.5 million barrels per day when it meets in Cairo later this month.
Sunday, November 16th 2008 - 20:00 UTC
Time for G20, says Brazilian leader; G8 no longer relevant

Brazilian President Lula da Silva said on Saturday the Group of Eight is no longer relevant in today's globalized world and the role of developing international financial regulations must fall to the so-called Group of 20.
Sunday, November 16th 2008 - 20:00 UTC
CFK bows to mining project, vetoes law protection glaciers

President Cristina Fernández de Kirchner has vetoed a law protecting Argentina's glaciers that would have restricted mining and oil drilling, officials and environmental campaigners said on Friday.
Sunday, November 16th 2008 - 20:00 UTC
Uruguay Peso down 2.6% in November against US dollar

For the fourth week running the US dollar appreciated in Uruguay's money markets having ended last Friday 0.50% higher against the Uruguayan Peso, mainly forced by strong domestic demand and a similar evolution of the greenback in Brazil.