Stories for 2008

Thursday, October 23rd 2008 - 20:00 UTC
Greenspan “mea culpa” and financial crisis before Congress

Former United States Federal Reserve chairman Alan Greenspan confessed on Thursday that he had made “mistakes” in championing the light-touch US financial regulatory system, which led to what he admitted had become a “once-in-a-century credit tsunami”.
Thursday, October 23rd 2008 - 20:00 UTC
Brazilian football super star Pelé joins the cruise industry

On June 28, 2009, the flagship of the Costa fleet will sail the first cruise dedicated to “O' Rey”, the King of world football Pelé. He will be joined by some of Europe's best footballers of the 20th century, presidents of football federations, confederations and clubs, plus great Brazilian performers like Toquinho and Alexandre Pires.
Thursday, October 23rd 2008 - 20:00 UTC
A 50 billion USD package to support Brazilian currency

Brazil's central bank said Wednesday it would pump the equivalent of 50 billion US dollars into currency markets to stem a two-month tumble in the Real that is threatening companies and stoked inflation.
Wednesday, October 22nd 2008 - 20:00 UTC
Private pension funds nationalization shocks Argentina

Argentine President Cristina Fernandez proposed Tuesday a government takeover of nearly 30 billion US dollars in private pension funds, saying pensioners must be protected from the global financial crisis.
Wednesday, October 22nd 2008 - 20:00 UTC
Bush invites G20 for crisis summit on November 15

Unites States President Bush invited leaders of the Group of 20 participants to a summit in Washington on November 15 on the global economic crisis announced the White House on Wednesday.
Wednesday, October 22nd 2008 - 20:00 UTC
Brazil Real down 33% in spite of billions USD in support

Brazil was forced to appeal to 22.9 billion US dollars in the past month, including sales of foreign reserves, derivatives and loans to prop the weakened Real punished by investors fleeing from emerging markets to more secure assets.
Wednesday, October 22nd 2008 - 20:00 UTC
UN preparing map of underground fresh water resources

The United Nations Educational, Scientific and Cultural Organization UNESCO will publish the first-ever world map of underground aquifers, which account for some 96 per cent of global freshwater resources, the agency announced in a press release today.
Wednesday, October 22nd 2008 - 20:00 UTC
Argentina estimates off mile 210 squid catches in 253.000 tons

Squid catches of jiggers and trawlers operating next to the Argentine Exclusive Economic Zone (EEZ) limit totalled some 253,000 tonnes of squid (Illex argentinus) between February and June, according to the latest estimate released by the National Institute for Fisheries Research and Development (INIDEP).
Tuesday, October 21st 2008 - 20:00 UTC
Financial meltdown could increase jobless by 20 million

The global financial crisis could increase world unemployment by an estimated 20 million women and men, the Director-General of the International Labour Office (ILO) said on Monday.
Tuesday, October 21st 2008 - 20:00 UTC
Brazilian company en route to be US main meat processor

The United States Justice Department said on Monday it will allow Brazil's JBS to buy the beef operations of Smithfield Foods Inc for 565 million US dollars which, based on industry estimates, would make JBS the second US beef producer.