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.
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.
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).
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.
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.
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.
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.
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.
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.
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'.