Stories for 2008

Wednesday, October 15th 2008 - 20:00 UTC
Nobel praise for PM Brown financial rescue plan

In an article titled “Gordon does Good” published Monday in the New York Times the Princeton University scholar lavished praise on Brown for his timely action against the ongoing financial turmoil.
Wednesday, October 15th 2008 - 20:00 UTC
Captain of ship wrecked on Gibraltar cliffs, free on bail

Gibraltar Police arrested the captain and two officers of the cargo ship Fedra, which ran aground on the sheer cliffs of Europa Point last Friday in extreme weather, reports the Gibraltar Chronicle.
Wednesday, October 15th 2008 - 20:00 UTC
Falklands: UK tells UN no to sovereignty negotiations

The United Kingdom reiterated it has no doubts about sovereignty over the Falkland Islands and said that there could be no negotiation on the issue until and at such time as the people of the Islands so wished.
Wednesday, October 15th 2008 - 20:00 UTC
Argentina promises to protect industry; Brazil dissents

President Cristina Fernández de Kirchner announced that the defence of the economy and employment will be the priority of her administration, in order to cope with the international financial crisis that is affecting world markets.
Wednesday, October 15th 2008 - 20:00 UTC
Magallanes has six of Chile's least populated locations

Magallanes Region in the extreme south of Chile has some of the least populated towns and villages of the country according to the latest census.
Wednesday, October 15th 2008 - 20:00 UTC
IMO agrees guidelines to contain shipping emissions

The United Nations International Maritime Organization, IMO has reported major progress on efforts to cut polluting and global warming emissions from ships, achieve more environmentally friendly recycling of vessels and prevent contamination from harmful organisms in ballast.
Wednesday, October 15th 2008 - 20:00 UTC
Oil prices drops to 74.40 USD,lowest in over twelve months

Oil prices fell sharply on Wednesday as investors and officials said the global financial crisis could slash demand for energy. The price of crude oil for future delivery dropped more than 4 USD or more than 5%, to 74.50 USD a barrel during trading in New York.
Tuesday, October 14th 2008 - 20:00 UTC
Japan's Nikkei joins other Asian markets strong rebound

Financial markets in Asia have risen sharply, with Japan's Nikkei gaining 10% in early trading Tuesday, and Sydney up 5%. The gains came after Wall Street shares rocketed 11% on Monday as investors welcomed fresh moves to deal with the worldwide financial crisis. Japan was closed Monday because of a national holiday.
Tuesday, October 14th 2008 - 20:00 UTC
Positive contagion lifts Latam to one day record-gains

Latinamerican equities staged on Monday a powerful rebound from last week's crash, with Brazil's Bovespa soaring 14% and Mexico's IPA 11.1%, its highest one day gain this year and since 1998.
Tuesday, October 14th 2008 - 20:00 UTC
Obama proposes new jobs tax credit and foreclosure relief

Democratic US presidential candidate Barack Obama unveiled on Monday an “economic rescue plan for the middle class” at a campaign event in Toledo, Ohio.