Stories for 2008

Thursday, January 31st 2008 - 20:00 UTC
Petrobras after Exxon's downstream assets in S. America

Brazil's government managed Petrobras will bid strongly for Exxon's downstream assets in South America, O Globo newspaper reported this week from Rio do Janeiro.
Thursday, January 31st 2008 - 20:00 UTC
Argentina reopens export registries for wheat and corn

Argentina announced this week the reopening the wheat and corn export registries, a measure that had an immediate impact in the US markets of Chicago and Kansas City.
Thursday, January 31st 2008 - 20:00 UTC
Australia preparing to plant bumper wheat crop in 2008

High prices around the world are encouraging farmers to plant more grain and Australia is preparing to plant a bumper wheat crop in 2008 following last year's disastrous drought that drastically slashed yields.
Thursday, January 31st 2008 - 20:00 UTC
UK unveils plan to prevent repeat of a Northern Rock run

The British government unveiled plans this week to give authorities the power to swiftly seize control of a failing bank as part of an overhaul of banking laws to prevent a repeat of the run on mortgage lender Northern Rock PLC.
Thursday, January 31st 2008 - 20:00 UTC
Castro brothers softly consolidating transition in Cuba

The younger brother of ailing long time Cuban leader Fidel Castro, acting President Raúl Castro was the top vote-getter in Cuban parliamentary elections, according to official results released Wednesday.
Wednesday, January 30th 2008 - 20:00 UTC
Regulations for EU financial industry round the corner

The leaders of Europe's biggest economies have called on financial institutions to improve transparency in all their activities. UK Prime Minister Gordon Brown met his French, German and Italian counterparts at Downing Street to discuss the recent global market turmoil. The leaders also called on the IMF and other bodies to monitor risks better.
Wednesday, January 30th 2008 - 20:00 UTC
Corruption in fishing industry rampant, study says

Rising demand and diminishing fish stocks are leading to increasing corruption in the fishing industry, a recent study by the International Union for the Conservation of Nature (IUCN) declares.
Wednesday, January 30th 2008 - 20:00 UTC
HMS Endurance locates Antarctic wreck of Explorer

HMS Endurance has located the wreck of the cruise liner M/S Explorer, which sank in Antarctic waters last year, reported the Royal Navy ice patrol ship.
Wednesday, January 30th 2008 - 20:00 UTC
Argentina's statistics reliability again on the spotlight

Inflation in Argentina allegedly reached 22% in 2007 according to a group of displaced experts from the country's Statistics and Census Institute, Indec which has been at the centre of an acrimonious and controversial dispute between the legally autonomous organization and the Kirchner administrations.
Wednesday, January 30th 2008 - 20:00 UTC
Fed cuts rate to 3%, but negative US data softens impact

The Federal Reserve has cut interest rates for the second time in nine days in a further attempt to keep the United States economy from entering a recession. However a barrage of negative data on US growth, housing and employment seems to have watered the reaction from markets.