Stories for 2008

Sunday, October 19th 2008 - 20:00 UTC
World summit between US and EU to fight cash crisis

The presidents of the US, France and the European Commission have unveiled plans for a series of summits to discuss the global financial crisis.
Sunday, October 19th 2008 - 20:00 UTC
BHP Billiton visits Falklands to organize oil drilling program

Representatives of global minerals giant, BHP Billiton, were in the Falkland Islands last week laying the groundwork for a Southern Ocean drilling programme, which they hope will begin in some 12 to 18 months time.
Sunday, October 19th 2008 - 20:00 UTC
Petrobras September oil-gas production sets new record

Brazil's government managed oil and gas corporation Petrobras set a new production record in September with 1.897.563 barrels/day, surpassing the volume extracted in the previous month by 12.400 barrels, or 1%. Compared to a year ago, the increase was 7.26%.
Sunday, October 19th 2008 - 20:00 UTC
Strong confidence message from Latam central bankers

Latinamerican Central bank presidents and leading economists said on Sunday the region is well prepared to face growing global financial turbulence and agreed to share information on monetary and financial markets.
Sunday, October 19th 2008 - 20:00 UTC
Suspended death sentence for corrupt Beijing vice mayor

A former Beijing vice mayor in charge of overseeing Olympic construction projects has been given a suspended death sentence for corruption, a court said Sunday, in a stern warning to wayward Communist officials.
Saturday, October 18th 2008 - 20:00 UTC
Tourism industry starting to suffer global crisis says UN

Global tourism is already feeling the effects of the financial crisis, slowing down over the northern summer this year, the United Nations tourism agency reports, warning that the industry could suffer a sharper downturn in the months ahead.
Saturday, October 18th 2008 - 20:00 UTC
Interest for nuclear energy growing world wide

More than 50 countries have alerted the International Atomic Energy Agency (IAEA) that they are considering utilizing nuclear power, announced this week the head of the United Nations body.
Friday, October 17th 2008 - 20:00 UTC
JPMorgan becomes US largest bank; displaces Citigroup

JPMorgan Chase & Co has become the largest US bank by assets surpassing long-time leader Citigroup Inc. On Thursday Citigroup Inc reported it ended September with 2.05 trillion US dollars of assets, while a day earlier JPMorgan led by Jaime Dimon, said it ended the month with 2.25 trillion US dollars.
Friday, October 17th 2008 - 20:00 UTC
Spain banks “strong and solvent”, no need for rescue plan

Spanish banks are strong and have solvency and do not need the government to take stakes in them, said Emilio Botin, the chairman of Spain's largest bank Santander.
Friday, October 17th 2008 - 20:00 UTC
Brazil and Mexico inject US dollars to sustain currencies

Brazil Central Bank announced on Thursday further measures to ensure liquidity and support the local currency Real. The bank expanded the list of securities it will accept to free up reserve requirements on term deposits and took new measures to ensure that banks that borrow from its discount window provide credit lines to exporters