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Montevideo, May 30th 2023 - 00:36 UTC

Stories for August 13th 2009

  • Friday, August 14th 2009 - 05:35 UTC

    Paraguay’s poverty index forecasted to reach 40% because of recession

    Minister Borda defended the government’s policies to create jobs and stimulate the economy. (Minister Borda defended the government’s policies to create jobs and stimulate the economy. (Photo AP)

    After having declined sustainedly during the last few years, Paraguay’s poverty index is forecasted to soar to 40% of the population in 2009 because of the economic recession, said on Thursday Economy minister Dionisio Borda.

  • Friday, August 14th 2009 - 05:27 UTC

    Nationalized Aerolíneas Argentinas remains deep in the red

    CEO Recalde anticipates a rebound in revenue when the global airlines crisis is over.

    Argentina’s re-nationalized flag air carrier Aerolíneas Argentina lost in July 48 million US dollars which is “a little bit more” than the same month a year ago when the company belonged to the Spanish tourism group Marsans, according to the company’s current CEO Mariano Recalde.

  • Friday, August 14th 2009 - 05:13 UTC

    Chilean conservative presidential hopeful leads comfortably in latest opinion poll

    Following twenty years of the Chilean ruling coalition, Conservative Sebastián Piñera could become the country’s next president.

    Chilean Conservative businessman Sebastián Piñera continues to enjoy a lead going into the country’s December 11 presidential election, according to a poll by the Center for Studies in Contemporary Reality (CERC).

  • Friday, August 14th 2009 - 05:03 UTC

    Agreement in principle to buy 55% of GM Opel and Vauxhall

    Canada’s Magna and Russia’s Sberbank presented a 600 page long offer.

    Magna and its Russian partner Sberbank have reached agreement in principle with General Motors management over a contract to buy 55% of GM's European unit Opel, Magna's co-CEO Siegfried Wolf told reporters.

  • Friday, August 14th 2009 - 04:59 UTC

    Kirchner confirms decision to “democratize” access to soccer games

    “Still shocked” by the decision admits T y C sports broadcaster media president Marcelo Bombau

    Former Argentine president Néstor Kirchner, deputy elect for the government's Victory Front and husband of President Cristina Fernández de Kirchner, said he believed “all Argentine's should have free access to soccer games,” and denied reports suggesting he had met with the head of the AFA Argentine Football Association, Julio Grondona.

  • Friday, August 14th 2009 - 04:51 UTC

    The 48th anniversary of the Berlin Wall

    On August 13th 1961, “within hours, the city was laced with barbed wire and crudely built brick walls, a 27-mile barrier snaking through the city”

    This week the German capital remembered a very different summer morning in 1961. On August 13 that year, the first barricades between the eastern and western halves of the city went up. Those barricades would eventually come to be known as the Berlin Wall, reports Germany’s Der Spiegel in its English on line version.

  • Friday, August 14th 2009 - 02:58 UTC

    Indian-Russian consortium interested in YPF

    ONGC chairman RS Sharma said the company is continually looking for opportunities

    The Economic Times from Mumbai published on its online edition an article informing that Indian government owned energy company ONGC Videsh Ltd and its overseas investment branch, OVL, is having conversations with three Russian companies -Rosneft, Lukoil and Gazprom- for acquiring a substantial stake in YPF, the Argentine arm of Spanish oil major Repsol YPF SA.

  • Friday, August 14th 2009 - 02:53 UTC

    France and Germany’s economies performances surprise Britain

    Business Secretary Lord Mandelson said it was “good news” for the UK economy which shrank 0.8% in the second quarter.

    Lord Mandelson has defended the British Government's handling of the downturn after figures showed that France and Germany have already pulled out of recession. The French and German economies both grew by 0.3% between April and June - surprising analysts who had expected them to shrink.

  • Friday, August 14th 2009 - 02:52 UTC

    The Mercosur dream has “over ambitious targets and little pragmatism”

    Veteran Uruguayan economist and diplomat Enrique Iglesias frustrated at the limited advance of regional integration in fifty years

    In the sixties we had a “very strong dream about the idea of Mercosur” but it is “frustrating to see how little has been advanced in fifty years” said economist Enrique Iglesias during a conference in Montevideo on the impacts and challenges of the current international economic crisis.

  • Thursday, August 13th 2009 - 20:36 UTC

    England Coach Bemoans 'Silly' Mistakes

    Coach Fabio Capello

    England's football coach Fabio Capello described the two goals conceded by his team, in a “friendly” international match against the Netherlands as 'silly mistakes'.