Stories for 2008

Monday, December 1st 2008 - 20:00 UTC
Fiscal deficit no longer a “dirty word” for Chilean gov.

Chile's Finance minister said one month's fiscal deficit is “no problem” and minimized the impact of the strong increase in government expenditure in October as in most of the other nine months.
Monday, December 1st 2008 - 20:00 UTC
It's official: US has been in recession since December 2007

The US National Bureau of Economic Research said Monday that the US has been in a recession since December 2007. The NBER said that the deterioration in the labour market throughout 2008 was one key reason why it decided to state that the recession began last year.
Monday, December 1st 2008 - 20:00 UTC
Obama names Hillary, confirms Gates in the Pentagon

United States President-elect Barack Obama nominated Monday his former rival, Hillary Clinton, as his secretary of state. Mr Obama described the former first lady as a woman of “tremendous stature” who had his “complete confidence”.
Sunday, November 30th 2008 - 20:00 UTC
OPEC divided over quota compliance and further cuts

OPEC energy ministers decided on Saturday to leave oil production quotas unchanged after talks in the Egyptian capital following falls in the price of oil. OPEC President Chakib Khelil said any such decision would be made at a meeting in Algeria next month.
Sunday, November 30th 2008 - 20:00 UTC
China warns on loss of competitiveness: weaker Yuan ahead?

China's President Hu Jintao has warned that the global financial crisis could weaken his country's competitiveness. Mr Hu gave his warning at a meeting of the Politburo and his words have been made public by the state media.
Sunday, November 30th 2008 - 20:00 UTC
Extreme south of Chile prepared to weather global crisis

Magallanes Region in the extreme south of Chile seems prepared to endure the effects of the coming global recession according to a report published Sunday by the country's main daily in Santiago, El Mercurio.
Sunday, November 30th 2008 - 20:00 UTC
Bottle with message to dead officer of Falklands' conflict

A Chilean fisherman from Puerto Williams in Tierra del Fuego found a bottle with a message to an Argentine combatant who died when the sinking of the cruiser “General Belgrano” in May 1982 during the South Atlantic conflict over the Falkland Islands.
Sunday, November 30th 2008 - 20:00 UTC
Tasmania claims the lives of 150 stranded pilot whales

The rugged coast of western Tasmania in Australia claimed the lives of another 150 whales at the weekend when they stranded themselves on craggy rocks near Sandy Cape. The long-finned pilot whales were spotted on Saturday morning and were already badly injured by the time rescue crews and locals reached them.
Sunday, November 30th 2008 - 20:00 UTC
Anniversary of papal action that stopped Argentina-Chile war

Brazilian cardinal Odilo Pedro Scherer will represent Pope Benedict XVI in the ceremony honouring the 30th anniversary of the Vatican's mediation between Chile and Argentina which avoided a full fledged war over the Beagle channel and adjoining islands in the extreme south of the continent.
Saturday, November 29th 2008 - 20:00 UTC
Paraguay pushing for a fairer deal with Brazil on energy

Landlocked Paraguay will make public in Uruguay and Spain, its claims to neighbouring Brazil regarding the energy from South America's largest hydroelectric dam, Itaipú, which it shares with Latinamerica's leading economy.