Stories for 2008

Wednesday, November 19th 2008 - 20:00 UTC
Spain slipping into 12-month recession says Central Bank

Spain is likely to slip into recession in the fourth quarter and stay there during 2009, Bank of Spain governor Miguel Angel Fernandez Ordonez said on Wednesday in Madrid.
Wednesday, November 19th 2008 - 20:00 UTC
US consumer prices drop 1% and building permits to '69 level

United States consumer prices dropped by a record 1% in October compared with the previous month, as fuel costs kept falling for a third month in a row. Fuel prices were not the only reason for the record drop, as core prices, which exclude food and energy, fell for the first time since 1982.
Wednesday, November 19th 2008 - 20:00 UTC
Net immigration to UK reached 237.000 last year

Net immigration to the United Kingdom rose to 237,000 in 2007, according to the Office of National Statistics (ONS). The number was up by 46,000 on 2006 as a result of a fall in the number of people moving out of the
Wednesday, November 19th 2008 - 20:00 UTC
Obama rings Cristina and invites himself to visit Argentina

Argentine President Cristina Fernández de Kirchner who is currently on a North African tour, held a telephone conversation with US President-elect Barack Obama, during which he expressed his desire to meet her in person and visit Argentina.
Wednesday, November 19th 2008 - 20:00 UTC
Aerolineas: Kirchners “ignore” terms of deal with Spain

Argentina's government has violated the terms of a deal to nationalize the country's largest airline, the carrier's owner said Wednesday, which could lead to a major diplomatic confrontation with Spain.
Tuesday, November 18th 2008 - 20:00 UTC
Brazil, Argentina want higher Mercosur tariffs for imports

Mercosur senior members, Argentina and Brazil agreed to sponsor an increase in the common external tariff (AEC) on several products from third countries, during a meeting Monday of the Bilateral Trade Monitoring Committee held in Buenos Aires
Tuesday, November 18th 2008 - 20:00 UTC
Citigroup prepares for long winter sheds 20% jobs worldwide

Banking giant Citigroup announced it is planning shed 52,000 jobs with losses falling “particularly heavily” in London and New York. The cut - along with previously announced job losses of around 22,000 - will leave it with a global total of 300,000 employees in the near term.
Tuesday, November 18th 2008 - 20:00 UTC
PM Brown says “fiscal action” to help families is on the way

Britain's Prime Minister Gordon Brown promised “real help for families and businesses” to battle recession as he paved the way for tax cuts to be announced next week.
Tuesday, November 18th 2008 - 20:00 UTC
Paulson cools bailout funds waiting for Obama administration

United States Treasury Secretary Henry Paulson said that what remains of the 700 billion USD bail out plan authorized by Congress will be left for unforeseen emergencies and to help the incoming President elect Barack Obama administration.
Tuesday, November 18th 2008 - 20:00 UTC
Financial pyramids force Colombia into state of emergency

Colombia, a country that has adjusted to living with four decades of guerrilla warfare and drug cartels declared a 30 day state of emergency Monday to crack down on illegal investment schemes that lured millions of people with promises of high payouts, only to collapse amid rioting.