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Stories for March 1st 2009

• Sunday, March 1st 2009 - 23:00 UTC

  Mexico's oil company Pemex reports massive loss in 2008

  Mexico's government owned oil and gas company Pemex reported a fourth-quarter net loss of 115 billion pesos (8.3 billion US dollars) on Friday, 254% more than in the year-ago period on declining crude exports, low oil prices and currency losses.

• Sunday, March 1st 2009 - 23:00 UTC

  Argentine farmers and grain traders warn government

  Argentine farmers' organizations announced they would fight a reported plan to nationalize grain trading, warning that such a move would deepen a long-running conflict between the government and agricultural groups.

• Sunday, March 1st 2009 - 23:00 UTC

  Scandinavian region faces worst recession in 17 years

  

  The Scandinavian region economic downturn was highlighted this week when Denmark confirmed it was in the worst recession in three decades while output in Sweden and Finland shrank the most in at least 17 years.