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Montevideo, April 24th 2024 - 05:19 UTC

Stories for August 19th 2009

  • Wednesday, August 19th 2009 - 12:20 UTC

    Honduras breaks diplomatic relations with Argentina

    De facto president Micheletti also warned pro Zelaya protestors he will not tolerate “vandalism”.

    Honduras suspended diplomatic relations with Argentina on Tuesday in retaliation for having its ambassador expelled from Argentina last week. The move stems from tensions between the two countries over the June 28 coup in which Honduran President Jose Manuel Zelaya was replaced by congressional leader Roberto Micheletti.

  • Wednesday, August 19th 2009 - 12:10 UTC

    Catholic Church insists 40% of Argentines live in poverty

    The gap between poor and rich is unacceptable, said Bishop Casaretto.

    The Argentine Catholic Church insisted on Tuesday that 40% of the population is poor or living below the poverty line and the gap between rich and poor is “scandalous”. The statement comes when Argentine bishops are meeting in Buenos Aires,

  • Wednesday, August 19th 2009 - 12:06 UTC

    UK key inflation measure remains unchanged at 1.8%

    Electronic gadget prices were up but food and non-alcoholic prices were down.

    A key measure of inflation in the UK has unexpectedly remained at 1.8%. Economists had expected the Consumer Prices Index (CPI) to decline to 1.5% in July. The Retail Prices Index (RPI) inflation measure, which includes mortgage interest payments also unexpectedly increased to -1.4%, from -1.6%.

  • Wednesday, August 19th 2009 - 12:03 UTC

    Swedish hand built car maker takes over Saab from ailing GM

    The operation however still needs funding from the European Investment Bank

    Koenigsegg Automotive, the Swedish maker of luxury 1.2-million US dollars sports cars, agreed to buy Saab Automobile from General Motors by the end of the year, potentially moving the company into the automotive mass market.

  • Wednesday, August 19th 2009 - 12:01 UTC

    China reduces holdings of US government debt

    Despite the reduction China remains the main holder of US Treasuries followed by Japan and the UK.

    China reduced its holdings of US Treasury bills in June by the largest amount in nearly nine years in what economists viewed as a bid to diversify the country's foreign reserves and increase returns.

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