Stories for 2008

Thursday, November 6th 2008 - 20:00 UTC
Ten month retail inflation in Uruguay reaches 7.98%

Lower prices for food and beverage were not enough to impede Uruguay's October consumer price index from increasing 0.33% pushed by a stronger US dollar and weaker local currency.
Thursday, November 6th 2008 - 20:00 UTC
PM Brown tells banks lower rates must benefit consumers

The Bank of England slashed interest rates to a 53-year low in a dramatic attempt to rescue the UK economy from deep recession. The 1.5 percentage points cut by the Bank's Monetary Policy Committee (MPC) on Thursday is the biggest single move since March 1981 and brings rates to levels not seen since 1955.
Thursday, November 6th 2008 - 20:00 UTC
ECB admits further rate cuts; claims of “too little, too late”

The European Central Bank cut interest rates by 50 basis points to 3.25% on Thursday and signalled another reduction was possible next month, as inflation pressures ease and the Euro zone faces its first recession.
Thursday, November 6th 2008 - 20:00 UTC
IMF: support efforts “take time”; fiscal stimulus needed

The International Monetary Fund World Economic Outlook (WEO) says prospects for global growth have deteriorated over the past month and will slow from 5% in 2007 to 3.75% this year and just over 2% in 2009.
Thursday, November 6th 2008 - 20:00 UTC
Anticipated success for 09 Dakar Rally in Argentina/Chile

Organizers of the Dakar Rally, to be held next year for the first time in Argentina and Chile, following suspension because of terrorist threats in Africa, confirmed a record number of pilots: 530, the highest since 1988. The list includes car, motorcycle, truck and four wheeled cycle pilots.
Wednesday, November 5th 2008 - 20:00 UTC
Obama's historic win promises new dawn of US leadership

Barack Obama promised “a new dawn of American leadership” as he delivered his victory address in front of 100,000 people in Chicago's Grant Park after being elected as America's first black president.
Wednesday, November 5th 2008 - 20:00 UTC
Dramatic drop in maritime transport of commodities, says UNCTAD

A United Nations report released Tuesday shows that international seaborne trade surged to record levels last year but has since declined because of the financial crisis, jeopardizing the health of many developing countries, especially those that depend on commodities.
Wednesday, November 5th 2008 - 20:00 UTC
Ex Paraguay leader accused of public funds squander

Former Paraguayan president Nicanor Duarte authorized payments equivalent to 13 million US dollars to media and journalists during the last twenty months of his term in a desperate effort to boost the campaign of the incumbent presidential candidate and his own candidacy to a Senate seat.
Wednesday, November 5th 2008 - 20:00 UTC
Killings of civilians, forces Colombia's top general to resign

Colombia's top army commander resigned following allegations that soldiers killed civilians in an effort to inflate military successes in a war against rebel groups.
Wednesday, November 5th 2008 - 20:00 UTC
Pascal Lamy wants a second term as head of WTO

The World Trade Organization's French director-general Pascal Lamy will seek another four-year term heading the body that sets rules for global commerce.