Stories for June 2009

Thursday, June 4th 2009 - 16:46 UTC
Air France crash: Brazil navy arrives in ocean zone

Search crews flying over the Atlantic have found debris from the crashed Air France jet spread over more than 90km of ocean. Brazilian Defence Minister Nelson Jobim said the existence of large fuel stains in the water could rule out an explosion.
Thursday, June 4th 2009 - 16:12 UTC
Bernanke warns about financial stability; opens debate on inflation and rates

United States Federal Reserve chairman Ben Bernanke warned Wednesday that the US spending spree now threatens the country's financial stability, amid growing questions over whether governments and central banks around the world have gone too far.
Thursday, June 4th 2009 - 16:07 UTC
Calls for a “Global Jobs Pact” to combat employment recovery lag

Warning of a possible six to eight year employment and social protection crisis due to the economic downturn, International Labour Organization (ILO) Director- General Juan Somavia called Wednesday on delegates to the 98th International Labour Conference to adopt a “Global Jobs Pact.”
Thursday, June 4th 2009 - 16:03 UTC
Growing pressure on PM Brown to step down; Labour in turmoil

Britain’s Gordon Brown's authority as Prime Minister has been dealt a severe blow as Communities Secretary Hazel Blears quit the Cabinet on the eve of Thursday crucial European and local elections.
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.