Stories for October 2009

Thursday, October 8th 2009 - 11:14 UTC
All time US budget deficit record in 2009, equivalent to 9.9% of GDP

The US budget deficit more than tripled to a record 1.4 trillion US dollars in the fiscal year to 30 September, according to US Congress estimates. Congressional analysts had previously predicted a deficit of 1.6 trillion but revised their latest estimate, which comes after the end of the fiscal year.
Thursday, October 8th 2009 - 11:10 UTC
“Pink taxis” only for ladies and driven by ladies with GPS

As of this week the Mexican city of Puebla has a fleet of 35 “pink taxis” exclusive for women and driven by ladies, announced the local Communications and Transport Secretariat.
Thursday, October 8th 2009 - 07:29 UTC
Investors from Brazil, Argentina, Basque province and China flock to Uruguay

Investors from Argentina, Brazil, Spain’s Basque province and China are looking for opportunities in Uruguayan assets given the excellent political stability record of the country and proven reliability of its Judicial branch.
Thursday, October 8th 2009 - 07:16 UTC
Chile slaps 15% safeguard on Argentine, Uruguayan milk and cheese imports

Chilean dairy farmers on Wednesday expressed satisfaction with the government’s decision to impose safeguards on powder milk (whole and skinned) and Gouda cheese from Argentina and Uruguay.
Thursday, October 8th 2009 - 04:17 UTC
IAATO members’ passenger ships will be fitted with satellite tracking devices

The International Association of Antarctica Tour Operators (IAATO) has approved a resolution requiring members' passenger ships to be fitted with satellite tracking devices based on Iridium (Iridium Communications Inc.). The devices will report ships' positions at least once per hour when cruising in Antarctic waters.
Thursday, October 8th 2009 - 03:28 UTC
Ex Argentine president de la Rúa admits is was a mistake to resign in 2001

Argentina’s ex-president Fernando de la Rúa admitted he made a mistake when he resigned to the presidency amid growing social unrest in 2001. On Wednesday De la Rúa was questioned in court over the killings which occurred during those hectic days in December 2001.
Thursday, October 8th 2009 - 03:26 UTC
Spanish Central bank warns about bulging budget deficit and unemployment

Controversy sparked between Spain’s government and the governor of the Central Bank over the magnitude of the budget deficit and rising unemployment which threatens loans and consumers’ repayments plus the stability of some Spanish banks.
Thursday, October 8th 2009 - 03:21 UTC
Santander Brazil successfully completes biggest share offering

The Brazilian unit of Spanish banking giant Santander has raised 14.1 billion Reais, approximately 8.1 billion US dollars) in the country's biggest share offering.
Thursday, October 8th 2009 - 03:16 UTC
Ex UK Army chief critical of Afghanistan policy to join Tories

David Cameron is to unveil ex-army chief General Sir Richard Dannatt as the latest recruit to his team. Sir Richard - who has been embroiled in a bitter row with Downing Street over troop levels in Afghanistan - is expected to become an adviser to the party on defence issues.
Thursday, October 8th 2009 - 02:26 UTC
Carrefour denies considering exiting Latinamerican “lucrative markets”

French retailer Carrefour is seriously considering exiting Latin America, one of its most lucrative markets, under pressure from top shareholders, Le Monde newspaper reported in a preview of its Thursday edition.