Stories for November 2008

Tuesday, November 18th 2008 - 20:00 UTC
Cash strapped Ford and GM sell stakes in Mazda and Suzuki

Troubled US carmaker Ford Motor is selling a 20% stake in Japan's carmaker Mazda Motor. The announcement follows General Motors decision to sell its 3% stake in carmaker Suzuki for 230 million US dollars to raise cash.
Tuesday, November 18th 2008 - 20:00 UTC
As recession advances US wholesale prices fall 2.8% in October

Falling energy costs meant US wholesale prices dropped by 2.8% in October, the biggest one-month decline since records began more than 60 years ago. The larger-than-expected fall was triggered by a 12.8% drop in energy prices, the biggest monthly decline for 22 years.
Tuesday, November 18th 2008 - 20:00 UTC
Two months Xmas leave for crew short Australian Navy

Christmas has come early to Australian sailors after the country's navy ordered an extended two-month holiday in response to staff shortages and a drive to attract and retain sailors with a better work-life balance.
Tuesday, November 18th 2008 - 20:00 UTC
Shareholders unite: Barclays cancels directors' bonuses

Britain's Barclays PLC has said that executive directors will not receive any annual bonus this year as the bank seeks to pacify investors over its £7 billion fundraising. The bank also announced that all members of its board, including chief executive John Varley and investment banking boss Bob Diamond, are to be put up for re-election at its AGM next April.
Tuesday, November 18th 2008 - 20:00 UTC
UK inflation drops fastest rate in 16 years; deflation fears

Inflation in the United Kingdom is dropping at its fastest rate for 16 years thanks to falling fuel prices. The Consumer Prices Index (CPI) slowed to 4.5% in October from 5.2% the previous month.
Tuesday, November 18th 2008 - 20:00 UTC
China joins IDB and contributes with 350 million USD

China will join the Inter-American Development Bank as a donor member, building on its growing links with Latin America and the Caribbean. China will become the 48th member country in the Washington, DC-based IDB, the single largest source of long-term lending for the region.
Tuesday, November 18th 2008 - 20:00 UTC
Salmon disease outbreak reappears in Magallanes region

Six months after authorities confirmed an initial, presumably isolated case of Infectious Salmon Anemia (ISA) in Magallanes (Region XII) the deadly fish disease is back: appearing recently on two farms in Chile's southernmost zone.
Tuesday, November 18th 2008 - 20:00 UTC
Japan sets off whaling season; ignores Australia

Japan's whaling fleet mother ship, Nisshin Maru, has slipped out of port on the way to a full-scale Antarctic hunt, despite repeated attempts by the Australian Government to curtail the killing.
Tuesday, November 18th 2008 - 20:00 UTC
Rockhopper: North Falkland basin oil economic at 25 USD

Rockhopper Exploration has reiterated its intention to start drilling over its licenses in the North Falkland basin as soon as rig availability, financing and relevant consents have been resolved.
Monday, November 17th 2008 - 20:00 UTC
Crucial week for the survival of US auto industry

United States president-elect Barack Obama said all parties involved in the US auto industry should come together to formulate an economic survival plan.