Stories for April 2009

Friday, April 3rd 2009 - 14:40 UTC
OECD forecasts two digits unemployment in several countries by 2010

Economic activity is expected to plummet by an average 4.3% in the OECD area in 2009 while by the end of 2010 unemployment rates in many countries will reach double figures for the first time since the early 1990s, according to the OECD’s Economic Outlook Interim Report
Friday, April 3rd 2009 - 14:35 UTC
Uruguay and Costa Rica figure as non-cooperative tax havens

The Organization for Economic Cooperation and Development OECD has placed Costa Rica, Malaysia, the Philippines and Uruguay on its blacklist of non-cooperative tax havens, as part of efforts agreed at the G 20 London summit to crack down on tax evasion.
Friday, April 3rd 2009 - 11:23 UTC
Falkland Islands: Weekly Penguin News Update

Headlines: Royal party return after South Georgia trip; FIG restructure to offer more opportunities for locals; Seaman on trial for cocaine theft.
Friday, April 3rd 2009 - 10:43 UTC
Massive support for Alfonsin seen as warning to political system

Tens of thousands of Argentines lined the streets of Buenos Aires on Thursday to watch the funeral procession of former President Raul Alfonsin in a public display of gratitude for a leader who conducted the country back to the longest period of democracy since 1983.
Friday, April 3rd 2009 - 10:19 UTC
Last minute agreement on tax havens completes G20 agenda

As G20 negotiations on a new regulatory blueprint bogged down, President Barack Obama pulled French President Nicolas Sarkozy and Chinese President Hu Jintao into a corner of a room in London’s Excel Centre, according to press reports from London.
Friday, April 3rd 2009 - 09:58 UTC
First Argentine president to commemorate in London, Falklands 1982 landing

An Argentine president headed for the first time a ceremony in London commemorating the 27th anniversary of the Argentine April 2 landing in the Falkland Islands which triggered in 1982 the South Atlantic conflict with the United Kingdom.
Friday, April 3rd 2009 - 09:14 UTC
Argentine province extends oil and gas concessions to US company

United States Apache Corporation announced this week that the Argentine Patagonian province of Neuquen has agreed to extend eight federal oil and gas concessions for 10 additional years.
Friday, April 3rd 2009 - 09:12 UTC
Bipartisan support in US to lift travel restrictions to Cuba

United States senators from both parties, backed by activists and businessmen, began promoting a bill this week to lift travel restrictions to Cuba, and apparently have the necessary votes for approval.
Friday, April 3rd 2009 - 05:15 UTC
G-20 agrees on 1.1 trillion USD and tougher rules to tackle global crisis

Leaders of the world's largest economies have reached an agreement to tackle the global financial crisis with measures worth 1.1 trillion US dollars.
Friday, April 3rd 2009 - 05:10 UTC
Euro zone rate lowered to 1.25% and possibly to 1% in May

The European Central Bank said Thursday it would lower its key lending rate a quarter of a percentage point to 1.25%, effective April 8. It is the sixth time the ECB has lowered its key rate since October 2008, when it stood at 4.25%, as it tries to boost economic activity.