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Stories for December 23rd 2008

• Tuesday, December 23rd 2008 - 20:00 UTC

  Argentine exports suffer 6% slowdown in November

  Argentine exports in November experienced their first decrease in six years falling 6% to 5.1 billion US dollars as a direct consequence of lower commodities prices and smaller volumes of soy shipped to China. This represented a significant 7.3% drop in the month's trade surplus, 952 million USD compared to a year ago.

• Tuesday, December 23rd 2008 - 20:00 UTC

  Argentines most optimistic global citizens on 2009

  Following a year full of political events and tension, basically the several month-long conflict between the Argentine government and farmers, Argentines are among the most optimistic about 2009 according to a world public opinion poll from TNS Gallup.

• Tuesday, December 23rd 2008 - 20:00 UTC

  Champagne sales down for the first time in 20 years

  Champagne sales during the first ten months of 2008 indicate a 4.9% drop following a record 338 million bottles sold in 2007, according to France's champagne wine board, CIVC. October was particularly significant with 23% less bottles leaving France's main cellars compared to a year ago.

• Tuesday, December 23rd 2008 - 20:00 UTC

  Caterpillar slashing white-collar pay and planning job cuts

  Caterpillar Inc, the world's largest maker of heavy construction and mining equipment, said Monday it is cutting white-collar pay by up to 50% and offering buyouts to as many as 25.000 US employees as it looks to cut costs during what it characterized as “uncertain times.”

• Tuesday, December 23rd 2008 - 20:00 UTC

  Chilean tourism expanded 6% in 2008 with 2.65m foreigners

  Tourism activity in Chile during 2008 has expanded 6% compared to the previous year according to Oscar Santelices, Chile's head of the Tourist Office, Sernatur.

• Tuesday, December 23rd 2008 - 20:00 UTC

  Aerolineas subsidiary in Chile files for bankruptcy protection

  Air Comet Chile, a unit of Spanish group Marsans, said on Monday it had filed for bankruptcy protection, less than one week after the Argentine Senate voted to expropriate Aerolineas Argentinas, also owned by Marsans.

• Tuesday, December 23rd 2008 - 20:00 UTC

  EU-Brazil agree common position for London G20 summit

  Visiting French President Nicolas Sarkozy and his Brazilian counterpart Lula da Silva agreed on Monday to take a common EU-Brazil position to the next G20 summit dealing with the global financial crisis.

• Tuesday, December 23rd 2008 - 20:00 UTC

  France to help Brazil build its first nuclear powered submarine

  Brazilian Defence minister Nelson Jobim announced Monday an agreement with France for the construction of a nuclear submarine. Jobim said France would help build a yard in Rio do Janeiro for the assembling of four conventional Scorpone submarines and one nuclear powered.