Stories for November 2008

Tuesday, November 25th 2008 - 20:00 UTC
Fed to inject another 800 b. to unfreeze credit market

The US Federal Reserve is to inject another 800 billion US dollars into the US economy in a further effort to stabilise the financial system. US Treasury Secretary Henry Paulson said the stimulus package aimed to make more lending available to consumers.
Tuesday, November 25th 2008 - 20:00 UTC
Obama readies stimulus plan and budget reform

President-elect Barack Obama has outlined more details of his plans to stimulate the ailing US economy, at the same time as making cuts to the budget. He said budget reform was “imperative” and that the nation could not “sustain a system that bleeds billions of taxpayer dollars” on unneeded projects.
Tuesday, November 25th 2008 - 20:00 UTC
China GDP growth in 2009 “around 7.5%” says World Bank

The World Bank forecasts that China's GDP growth rate will be around 7.5% in 2009, down from 9.4% in 2008 and 11.9% in 2007.China's export growth is likely to be low in 2009 – around 3.5% (in real terms) compared to 11% in 2008.
Tuesday, November 25th 2008 - 20:00 UTC
OECD forecasts unemployment peaks in next two years

The number of unemployed in OECD countries is expected to increase by about 8 million people over the next two years as the most serious recession since the early 1980s takes its toll on economic activity, according to the latest OECD Economic Outlook released on Tuesday.
Monday, November 24th 2008 - 20:00 UTC
Venezuela elections: Chavez opponents make poll gains

Venezuela's opposition has made gains in regional polls, but President Hugo Chavez's allies have held onto at least 17 of the country's 22 governorships.
Monday, November 24th 2008 - 20:00 UTC
US gov. guarantees Citigroup mortgages and injects cash

The US government will guarantee $306bn of Citigroup's problem mortgages and other assets, and will also give the banking giant a $20bn cash injection after a collapse in its share price.
Monday, November 24th 2008 - 20:00 UTC
North Falkland basin prospects of 4.3 billion barrels

NORTH Falkland Basin oil and gas exploration company Rockhopper Exploration have announced prospects of over four billion barrels of oil and gas.
Monday, November 24th 2008 - 20:00 UTC
Mexican leader in Bs As to sign strategic association

Mexican president Felipe Calderón arrived in Buenos Aires late Sunday for a two-day official visit, during which he and President Cristina Fernández de Kirchner will make the first steps in the Strategic Association deal signed by the countries last year.
Monday, November 24th 2008 - 20:00 UTC
APEC Lima summit pledges open markets and free trade

The 21 economies, which represent almost two thirds of the world's GDP pledged during a two-day summit in Lima, Peru not to erect new protectionist barriers for the next year, and to re-launch stalled World Trade Organization talks.
Monday, November 24th 2008 - 20:00 UTC
Chilean, Argentine naval forces parade in Punta Arenas

A joint parade of Argentine and Chilean naval schools graduates took place Sunday in Punta Arenas Main Square followed by a march along the city's streets, the first time ever of such an event.