Stories for June 4th 2009

Thursday, June 4th 2009 - 15:57 UTC
Argentina May auto production increases 14.8% over April

Argentine auto production plunged 23.6% in May from the same month a year ago, the Argentine Automobile Manufacturers Association, or Adefa, reported Wednesday. But production rose 14.8% on the month, indicating the industry's bad declines may be starting to level off a bit.
Thursday, June 4th 2009 - 15:50 UTC
Six Chilean Business Schools among the best of Latinamerica

A newly released yearly ranking of the best business schools in Latinamerica conducted by América Economia Intelligence placed six Chilean Universities among the top 20.
Thursday, June 4th 2009 - 15:47 UTC
Inflation in leading economies slows down in April

Inflation in the world's leading economies slowed in April and in the previous 12 months as energy prices plunged. Consumer prices in the 30 states of the OECD rose by 0.6% in the 12 months to April, compared with 0.9% in the year to March.
Thursday, June 4th 2009 - 15:40 UTC
Market capitalization of 40 leading miners plunged 62% in 2008

The world's top 40 mining corporations shed nearly two-thirds of their worth in 2008, according to a new report that highlights the severity of last year's commodity collapse. ”Market capitalization of the top 40 mining companies decreased by 62% compared to the S&P 500, which declined by 38% over the same period,'' the annual report by PricewaterhouseCoopers said.
Thursday, June 4th 2009 - 15:35 UTC
Argentina and Chile will host Dakar Rally 2010

Following the success of the 2009 Dakar Rally, Argentina and Chile have once again been awarded the 2010 Dakar Rally. The rally will start and finish in Buenos Aires, with stages taking place in both Argentina and Chile.
Thursday, June 4th 2009 - 15:30 UTC
FAO suggests climate change talks should include fisheries

Sixteen international organisations asked that the protection and optimisation of marine ecosystems, fisheries and aquaculture be included in the discussions leading up to the sequel to the Kyoto Protocol.
Thursday, June 4th 2009 - 15:27 UTC
Resources short Cuba cuts power to wasteful companies

Hundreds of Cuban entities and state-run companies were sanctioned when a drastic government plan to save energy entered into force, according to reports in the official media.
Thursday, June 4th 2009 - 15:17 UTC
Argentina in contempt of court over defaulted sovereign bonds

Argentina and the country's social security agency ANSES are in contempt of court for their failure to provide documents in litigation by holders of its defaulted bonds, a US judge has ruled in New York.
Thursday, June 4th 2009 - 15:15 UTC
GM Latinamerica one of the most profitable, and with plenty of credit

General Motors operations in Latinamerica, Africa and the Middle East remain as strong as ever in spite GM Corp. filed in the US for bankruptcy protection this week, a top official from the company said.
Thursday, June 4th 2009 - 15:07 UTC
Buffaloes introduced in Cuba have become a threat for crops

A herd of wild buffalo has become a nightmare for peasants in the western Cuban province of Pinar del Rio because the beasts are invading and devouring their crops of tobacco and vegetables, reports the Communist Party daily Granma.