Stories for August 2009

Thursday, August 13th 2009 - 14:29 UTC
Zelaya and Lula da Silva call on Obama to solve Honduras political crisis

Ousted Honduran President Manuel Zelaya and Brazilian President Lula da Silva called on Wednesday on the United States to use more political influence to help solve the Honduran crisis.
Thursday, August 13th 2009 - 14:26 UTC
Argentina’s July official inflation averaged half private consultants’ estimates

Argentina on Wednesday released its official estimate for July inflation, but the data merely confirmed widespread suspicions that the national statistics agency continues to manipulate numbers.
Thursday, August 13th 2009 - 08:37 UTC
Argentine exodus since 2001 has reached 800.000 or 2.1% of total population

Over 800.000 Argentines left the country following the 2001 economic debacle, according to the latest report from the International Organization for Migration, which in the last decade represents 2.1% of total population.
Thursday, August 13th 2009 - 08:34 UTC
Fed says US economy “levelling off” although activity likely to remain weak

The Federal Reserve left US interest rates un changed between 0% and 0.25% describing the current situation as “levelling off” although economic activity is “likely to remain weak for a time”.
Thursday, August 13th 2009 - 08:29 UTC
A second bubble? US homeowners face mortgage debts higher than house value

The percentage of US homeowners who owe more than their house is worth will nearly double to 48% in 2011 from 26% at the end of March, portending another blow to the housing market, Deutsche Bank said on Wednesday.
Thursday, August 13th 2009 - 08:25 UTC
WTO rules against China restrictions on US imports of DVD and media products

The United States has won a ruling at the World Trade Organisation (WTO) against China's restrictions on the import of American DVDs and other media products.
Thursday, August 13th 2009 - 08:22 UTC
Soros optimistic about recovery of the US economy in third quarter

The United States economy has hit the bottom and the current quarter will see positive growth because of the government's stimulus spending, according to billionaire financier George Soros.
Thursday, August 13th 2009 - 08:15 UTC
Whale tooth carved with Darwin’s “Beagle” set to fetch £ 50.000

A whale's tooth decorated by a marine on board the Beagle during Charles Darwin's expedition is set to fetch £50,000 at auction next September 16th, reports The Telegraph. The scrimshaw, a piece of work created by a whaler, depicts two images of HM Sloop Beagle, one when she was at sea and the other when she was beached for repair at Santa Cruz in Argentina in 1834.
Thursday, August 13th 2009 - 08:12 UTC
UK unemployment at its highest since 1995; second quarter, 2.43 million

The recession in the United Kingdom has claimed another 220,000 jobs in the three months to June to take the total number of unemployed to 2.43 million, official figures have revealed.
Thursday, August 13th 2009 - 08:09 UTC
Mining giant BHP Billiton profits slump 51% and sales 16%

Annual profits at mining giant BHP Billiton have more than halved after demand for commodities slumped. The company has more than 100 operations across the world, including South America and the Falkland Islands.