Stories for July 2009

Thursday, July 16th 2009 - 15:31 UTC
Leading paper maker privileges control of Botnia mill in Uruguay

Finnish paper firm UPM-Kymmene Corp. said Wednesday that it plans to take over the Fray Bentos pulp mill and forest plantations in Uruguay from Finnish forest co-operative Metsaliitto Group in an asset-swap arrangement.
Thursday, July 16th 2009 - 15:24 UTC
GM Brazil to invest a billion US dollars in two new models for Mercosur

General Motors announced Wednesday it will invest a billion US dollars to develop two new car models in Brazil. GM Brazil and Mercosur operations president said it was the corporation’s biggest investment since the onset of the global financial crisis.
Thursday, July 16th 2009 - 15:18 UTC
China’s international reserves at a record 2.13 trillion US dollars

China's foreign exchange reserves reached 2.13 trillion US dollars by the end of June 2009, up 17.84% year-on-year, according to the latest release from the People’s Bank of China, PBOC.
Thursday, July 16th 2009 - 07:37 UTC
Obama administration and Cuba agree to further dialogue

The first talks between US President Barrack Obama’s administration and Cuba ended with an invitation for US diplomats to visit Havana in December, marking the official beginning of the first dialogue between Havana and Washington in six years.
Thursday, July 16th 2009 - 07:20 UTC
The supra-national issue surfaces in the coming Mercosur summit agenda

The approval of the new composition for the Mercosur Parliament scheduled to be agreed later this month at the group’s presidential summit in Paraguay could be postponed given conflicting interests on supra-national decisions.
Thursday, July 16th 2009 - 07:15 UTC
Latam forecasted to contract 1.9% this year and expand 3.1% in 2010

The Latinamerican and Caribbean economy is forecasted to contract 1.9% this year following six years of sustained growth, but is expected to expand 3.1% in 2010, according to the latest estimates released Wednesday by the United Nations Latinamerican and Caribbean Economic Commission, Cepal in Santiago de Chile.
Thursday, July 16th 2009 - 07:13 UTC
Record unemployment in UK: 2.38 million, the worst since 1995

Unemployment in the United Kingdom has soared to “truly horrendous” levels after a record 281,000 people joined the growing jobless ranks, taking the total to 2.38 million, the worst since 1995.
Wednesday, July 15th 2009 - 23:50 UTC
Ten years on - still disagreement on Falklands’ agreement

On the tenth anniversary of the agreement July 14th 1999 between Britain and Argentina on the Falklands, an elected representative of the time still maintains she was right to disagree with the decision that allowed Argentine passport holders the right of access to the Islands.
Wednesday, July 15th 2009 - 11:51 UTC
The Kirchner couple fortune soared 158% last year: totals 12.1 million US dollars

The fortune of Argentine President Cristina Fernandez de Kirchner and her husband and former president Nestor Kirchner soared 158% in 2008 having reached the equivalent of 12.1 million US dollars according to sworn statements from the couple published Tuesday in the Buenos Aires press.
Wednesday, July 15th 2009 - 11:39 UTC
Divers have recovered part of the gold lost in the South Atlantic

Part of the gold and silver which went down in the South Atlantic, off Patagonia, with the Chilean flagged trawler converted into a transport vessel “Polar Mist”, has been winched aboard the rescuers’ tug contracted to recover the precious cargo.