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Montevideo, September 24th 2021 - 23:47 UTC

Stories for May 21st 2009

  • Friday, May 22nd 2009 - 01:50 UTC

    UK could loose its premium credit ratings because of soaring debt

    The United Kingdom’s premium credit rating is under threat without action to tackle soaring debt, a leading ratings agency has said. Standard & Poor's has warned that debt could rise to 100% of output by 2013, which could lead to the UK losing its coveted 'AAA' status.

  • Friday, May 22nd 2009 - 01:42 UTC

    Steady culling of British MPs over expenses scandal practices

    Brown  “People should enter politics to serve the public. On the whole I think they do”

    British Prime Minister Gordon Brown has been forced to defend two more of his Cabinet ministers as the expenses scandal showed little sign of abating. He insisted there was “no problem” with financial arrangements that meant Transport Secretary Geoff Hoon and Work and Pensions Secretary James Purnell did not pay capital gains tax on second homes.

  • Friday, May 22nd 2009 - 01:38 UTC

    End to an injustice: Gurkhas win right to settle in Britain

    Gurkha campaigner Joanna Lumley celebrates with former Gurkha soldiers. Photo Sky News

    The British government finally relented on settlement rights for the Gurkha veterans, the elite soldiers who for over two hundred years have served in the British Army, bravely fighting all over the world including the Falklands conflict of 1982.

  • Friday, May 22nd 2009 - 01:33 UTC

    The Kirchners under increased international isolation

    President Cristina Fernandez and her husband former Pte. Nestor Kirchner

    Argentina’s ruling couple, the Kirchners growing international isolation has been highlighted by Buenos Aires political analysts. The only leader who seems to visit Buenos Aires quite often is Venezuela’s Hugo Chavez, while differences accumulate with neighbouring Brazil, Chile, Uruguay, Bolivia, with the more distant Mexico and Israel and there seems to be a growing distancing from the Obama administration.

  • Thursday, May 21st 2009 - 11:41 UTC

    Foreign direct investment to Latam reached 139 billion USD in 2008

    Direct foreign investments in Latinamerica and the Caribbean are showing a significant resistance to the global crisis and in 2008 reached a record 139 billion US dollars, up 9.4% from the previous year according the United Nations Conference on Trade and Development.

  • Thursday, May 21st 2009 - 11:37 UTC

    Global steel output down by 23.6% in April

    Global steel output fell by 23.6% in April to 89-million tons, the World Steel Association said on Wednesday.

  • Thursday, May 21st 2009 - 11:24 UTC

    Mexican economy contracts 8.2% in first quarter

    Mexico’s economy shrank a record 8.2% in the first quarter, --the most since the 1995 Tequila Crisis--, battered by the global financial crisis and the outbreak of swine flu. Mexican Finance minister Agustin Carstens admitted GDP may shrink as much as 5.5% this year.

  • Thursday, May 21st 2009 - 11:14 UTC

    Oil-export fuelled Venezuela feeling the shortage of hard currency

    Venezuela's economy grew at its slowest rate in five years during the first quarter, 0.3% (year to year) and the slowest since 2003 reported the Central Bank. Compared with the previous quarter the contraction was 16.4%.

  • Thursday, May 21st 2009 - 11:12 UTC

    US Congress strong message to Argentina on defaulted obligations

    Argentina could end in “the bad boys” list

    American Task Force Argentina (ATFA), a coalition of more than 40 taxpayer, investor, educator, Latino and agriculture organizations, commended members of the United States House of Representatives for introducing legislation imposing stiff penalties on wealthy and middle-income nations that, like Argentina, refuse to honour obligations to US creditors.

  • Thursday, May 21st 2009 - 11:02 UTC

    Falkland Oil and Gas raises £7.6 million in share issue

    Falkland Oil and Gas Ltd (FOGL.L) said on Wednesday it conditionally raised 7.6 million pounds (11.8 million US dollars) to help fund capital expenditure on long-lead drilling equipment, and general and administrative costs through 2010 into 2011.

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