Stories for 2008

Saturday, November 1st 2008 - 20:00 UTC
After massive package, Japan lowers rate to 0.3%

The Bank of Japan has cut its main interest rate from 0.5% to 0.3% - its first reduction for seven years. The move followed a global wave of rate cuts to contain the financial crisis. Japan has the lowest interest rates in the developed world.
Saturday, November 1st 2008 - 20:00 UTC
EU October inflation down anticipates further rate cut

European inflation edged down in October according to data released Friday helping to pave the way for the European Central Bank to deliver another hefty rate cut next week.
Saturday, November 1st 2008 - 20:00 UTC
China says melamine scandal extends to food supply

The toxic chemical melamine is probably being routinely added to Chinese animal feed, state media has reported. Correspondents say the unusually frank reports in several news outlets are an admission that contamination could be widespread throughout the food chain.
Friday, October 31st 2008 - 20:00 UTC
Falkland Islands: Weekly Penguin News update

Headlines: 'Positive and constructive' two days at the OTCC; Ocean 8 cleaned but still leaking; FIRS goes global; Broadband goes rural; Your Views about Penguin News!
Friday, October 31st 2008 - 20:00 UTC
Chinese relief: iron ore market turns into buyer's market

Iron ore miners face the prospect of the first price cut in seven years as steel production in China and elsewhere plunges amid the global downturn. The iron ore market has turned from a seller's market to a buyer's market, according to traders
Friday, October 31st 2008 - 20:00 UTC
Sky Airline and Air Comet consolidate flights to Pta. Arenas

Air Comet which has been flying to Punta Arenas in the extreme south of Chile since December 2004 will cease to operate in the area after having reached a commercial and operational alliance with Sky Airline.
Friday, October 31st 2008 - 20:00 UTC
Paraguay Guinness record with largest open-air barbecue

Mercosur country member Paraguay broke the Guinness World Record Sunday October 26 for the world's largest one day open-air barbecue.
Friday, October 31st 2008 - 20:00 UTC
Magallanes region has lowest unemployment in Chile with 1.7%

Unemployment in Chile's extreme south region of Magallanes remained almost unchanged during the third quarter confirming it as the lowest in the country with 1.7%, compared to the national average of 7.8%.
Friday, October 31st 2008 - 20:00 UTC
Academic accord to promote coastal fisheries in P. Arenas

Universidad del Mar (University of the Sea), a private institution from Punta Arenas inaugurated this week its new facilities plus the signing of an academic cooperation agreement with Chile's Fisheries Department to promote the industry in Magallanes, particularly small scale undertakings.
Friday, October 31st 2008 - 20:00 UTC
Falklands' police seize £ 1 million worth of cocaine in trawler

The Royal Falkland Islands Police confirmed that they had made a seizure of cocaine worth over one million pounds from a fishing vessel co-owned by Spanish and local company.