Stories for 2008

Friday, October 3rd 2008 - 21:00 UTC
Uruguay's forecasted to end 2008 with one digit inflation

Consumer prices in Uruguay during September increased 0.6%, accumulating 7.63%, in nine months and making the 2008 target of 7% look significantly distant, according to the latest release from the Statistics Office, INE.
Friday, October 3rd 2008 - 21:00 UTC
US House votes rescue package: now unchartered waters

The United States House of Representatives finally passed a 800 billion government plan to rescue the US financial sector. The 263-171 vote was the second in a week, following its shock rejection of an earlier version on Monday.
Friday, October 3rd 2008 - 21:00 UTC
UK “heavyweight” cabinet to address the financial turmoil

British Prime Minister Gordon Brown has reshuffled his cabinet with more “experienced” heavy weights from New Labor beginning with Peter Mandelson, the EU Trade Commissioner and twice minister with Tony Blair.
Friday, October 3rd 2008 - 21:00 UTC
US economy loosing jobs at fastest rate in five years

The United Status economy lost jobs in September at its fastest pace in more than five years, --with unemployment reaching 6.1%--, and the outlook from economists and surveys is grim despite Congress' emergency action Friday to stabilize the financial system.
Friday, October 3rd 2008 - 21:00 UTC
Brazil ready to inject liquidity from international reserves

Brazil's currency may not strengthen to previous levels because of ongoing global market turmoil and the government may use international reserves to increase liquidity, the finance minister said on Friday.
Thursday, October 2nd 2008 - 21:00 UTC
Uruguay/US sign renewable energy memorandum

United States and Uruguay signed Wednesday in Washington a memorandum to advance bilateral cooperation on renewable energy and energy efficiency. The document was signed by Assistant Secretary of State for Western Hemisphere Affairs Thomas A. Shannon and Uruguayan Foreign Affairs Minister Gonzalo Fernández
Thursday, October 2nd 2008 - 21:00 UTC
Suitcase scandal: trail leads to Chavez number two

The former partner of a US/Venezuelan citizen on trial in Miami for allegedly trying to cover up the origin of nearly 800,000 US dollars in political cash that was carried in a suitcase into Argentina testified Wednesday that both governments were deeply involved in trying to quell the scandal.
Thursday, October 2nd 2008 - 21:00 UTC
US Senate approved rescue plan; Friday the main hurdle

The United States Senate approved Wednesday evening a new version of a 700 billion rescue plan for the troubled US financial system. Senators voted 74 to 25 in favor of the emergency legislation designed to stabilize volatile markets and limit further damage to the economy.
Thursday, October 2nd 2008 - 21:00 UTC
Euro interest rate on hold but hints of cut next time

The European Central Bank left interest rates unchanged at 4.25%, resisting pressure for a rate cut. However ECB president Jean Claude Trichet said that a quarter point interest rate cut had been considered, but there had been a unanimous vote against it.
Thursday, October 2nd 2008 - 21:00 UTC
Car sales in US crash: worst September since 1993

United States car sales fell sharply in September, in the latest sign that the continuing problems in the financial sector are starting to hit the general economy.