Stories for January 2009

Friday, January 16th 2009 - 20:00 UTC
Spain admits 2009 recession deepest in half a century

Spain faces its deepest recession in half a century admitted Finance Minister Pedro Solbes anticipating the economy will contract 1.6% this year. In July, the minister had predicted a 1% expansion.
Thursday, January 15th 2009 - 20:00 UTC
Former governor Ralph associate fined for inside trading

The inside trading scandal in shares of mining company Monterrico Minerals involving a former Falkland Islands governor came to an end this week when Belgian investor, Erk Boyen was fined £ 176.254 by the UK' Financial Services Authority, reports The Independent in an article from Mathieu Robbins.
Thursday, January 15th 2009 - 20:00 UTC
Oliver Stone adds glamour to “South American revolution”

US film maker and director Oliver Stone working on a project on Latinamerican leaders interviewed on Wednesday in Buenos Aires Argentine president Cristina Fernandez de Kirchner who praised the initiative as “a different version of what is happening here”.
Thursday, January 15th 2009 - 20:00 UTC
“King” Hugo Chavez closer to his dream of perpetuity

Venezuela's National Assembly on Wednesday approved amendments to the constitution that would allow President Hugo Chavez to run for re-election indefinitely, the final step before the proposal goes before voters in a referendum.
Thursday, January 15th 2009 - 20:00 UTC
Chinese slowdown, serious risk for the global economy

A severe economic slowdown in China is one of the biggest risks faced by the world this year, the World Economic Forum (WEF) has warned. The WEF report said a hard landing for China's economy could create domestic social tensions and put stress on the global financial system.
Thursday, January 15th 2009 - 20:00 UTC
Calderon willing to address NAFTA issues with Obama

Mexican President Felipe Calderon said he is willing to cooperate with incoming US president Barack Obama to address aspects of the North American Free Trade Agreement, NAFTA, which links the economies of the United States, Mexico and Canada and has boosted trade several times.
Thursday, January 15th 2009 - 20:00 UTC
Bolivia breaks relations with Israel over Gaza invasion

President Evo Morales announced Wednesday that Bolivia severed diplomatic ties with Israel as an act of solidarity with Palestinians suffering from the current offensive in the Gaza strip.
Thursday, January 15th 2009 - 20:00 UTC
Dr. Colin Phipps, a visionary of the Falklands oil future

Dr Colin Phipps, long linked to the Falkland Islands and one of the driving forces behind the promising frontier oil industry passed away in London on January 10.
Thursday, January 15th 2009 - 20:00 UTC
Chile-Peru consortium to invest in natural gas plant

A Chilean-Peruvian consortium plans to invest 650 million USD in a project to produce ammonium and ammonium nitrate from natural gas, Peruvian President Alan Garcia said Wednesday.
Thursday, January 15th 2009 - 20:00 UTC
Punta Arenas British Honorary Consul honoured with MBE

Two of Britain's Honorary Consuls in Chile have been honoured by Her Majesty the Queen in this year's New Year's Honours List. Iain Hardy, Honorary Consul in Valparaiso and John Rees, Honorary Consul in Punta Arenas, were each awarded the Member of the Order of the British Empire (MBE).