Stories for April 2009

Wednesday, April 22nd 2009 - 00:46 UTC
Latinamerican praise for Obama’s performance at the summit

Although “deeds must follow words”, the world’s “honey moon” with President Obama has extended to Latinamerica following his display at the Summit of the Americas where he managed to modify substantially the emphasis of the region’s leaders towards the new administration, according to different analysts.
Wednesday, April 22nd 2009 - 00:42 UTC
Spain calls on EU partners for greater interest in Latinamerica

Spain’s Foreign Affairs minister Miguel Angel Moratinos has called on other members of the European Union to follow the example of United States and leave aside the lack of interest on having an intense relation with Latinamerica.
Wednesday, April 22nd 2009 - 00:41 UTC
Negative inflation in UK; first time since March 1960

The UK has experienced its first period of deflation in almost 50 years. Data from the Office for National Statistics (ONS) showed the Retail Prices Index (RPI) measure of inflation fell to minus 0.4% last month, down from 0% in February, the first negative reading since March 1960.
Tuesday, April 21st 2009 - 19:07 UTC
Chavez not only gave Obama a book...but also an Island in New Jersey

Last Sunday, the President of the Bolivarian Republic of Venezuela, announced during the Summit of the Americas that the Venezuelan Government will donate to United States, through CITGO Petroleum company, the Petty's Island located in New Jersey state.
Tuesday, April 21st 2009 - 16:25 UTC
Britain's Queen Elizabeth II turns 83

The monarch will be spending the day privately at Windsor Castle with the Duke of Edinburgh.
Tuesday, April 21st 2009 - 13:02 UTC
BHP Billiton reactivates mining projects in Chile

The Chilean subsidiary of Australian mining giant BHP Billiton plans to reactivate projects worth 6.75 billion US dollars that were frozen last year amid the global recession.
Tuesday, April 21st 2009 - 12:58 UTC
Creditor Brazil fights for bigger say in the IMF

Brazil is expected to push very hard to have more say in the International Monetary Fund, reflecting the importance of emerging countries. To support that greater influence Brazil has pledged to advance up to 4.5 billion US dollars to the multilateral organization.
Tuesday, April 21st 2009 - 10:38 UTC
Colombia requests 10.4 billion from IMF flexible credit line

Colombia became the third country to seek access to a new IMF credit line for strong performing countries, requesting 10.4 billion US dollars to bolster its economy in the face of the global recession.
Tuesday, April 21st 2009 - 10:30 UTC
Obama eager to finalize trade agreements with Panama and Colombia

United States Trade Representative Ron Kirk said private meetings with Panama and Colombia presidents during the recent Summit of the Americas in Trinidad Tobago had been “very productive” and reiterated that the Obama administration is eager in finalizing free trade agreements with both countries.
Tuesday, April 21st 2009 - 09:00 UTC
Uruguay expects slower growth, higher budget deficit

Uruguay’s Economy minister Alvaro García downgraded the country’s growth prospects for this year while doubling the budget deficit estimate from 1% to 2% of GDP. He made the announcements following Monday’s cabinet meeting when he admitted the Uruguayan economy will expand 2% in 2009, --down from 3%-- with a first negative quarter.