Stories for November 2009

Saturday, November 7th 2009 - 16:30 UTC
In spite of coup denials Paraguayan president continues with military purge

Paraguayan President Fernando Lugo continued to purge the top ranks of the military Friday, removing the armed forces' commander. Lugo fired the commanders of the country's army, air force and navy on Wednesday.
Saturday, November 7th 2009 - 16:16 UTC
Mining and construction backbone of Chile’s economic recovery

Mining and construction industries have led Chile’s economic recovery, according to a recently released economic report.
Saturday, November 7th 2009 - 16:12 UTC
British Airways reports record loss and faces threat of strikes

British Airways reported a record pre-tax loss Friday of more than 485 million US dollars, another setback for the airline as it faces the threat of strikes over the Christmas period.
Saturday, November 7th 2009 - 14:56 UTC
Chilean president Bachelet approval soars to record 80% in October

Chilean President Michelle Bachelet's approval rating rose to a record 80% in October, from 76% the previous month, according to an opinion poll published Thursday by polling institute Adimark GfK.
Saturday, November 7th 2009 - 14:54 UTC
Five days paid “honeymoon leave” for Chilean newlyweds

A proposed new law will guarantee Chilean employees five paid working days as “honeymoon leave” and will not take away from the legal yearly vacation days workers are given.
Saturday, November 7th 2009 - 14:50 UTC
Roubini warns of an assets bubble because of the dollar-carry trade

The prevalent dollar-carry trade, in which investors borrow US dollars at 0% interest rates, to park in risky assets across the globe could come to an end in the foreseeable future, which may result in a major crash in such risky asset classes such as equities and commodities, according to economist Nouriel Roubini.
Saturday, November 7th 2009 - 09:11 UTC
US economy shedding jobs for 22nd month in a row, longest period in 70 years

The unemployment rate in the United States rose to 10.2% in October, which was its highest rate since April 1983, according to figures from the US Labour Department.
Unemployment in September was 9.8%.
Saturday, November 7th 2009 - 08:39 UTC
Uribe’s public opinion support falls below 70% for the first time in 7 years

Colombian President Alvaro Uribe popularity rating is at it's lowest in his seven years in government, according to a recent public opinion poll. Uribe’s popularity rating fell from 70% to 63% in the last two months.
Saturday, November 7th 2009 - 08:38 UTC
Honduras crisis deal confirms Valenzuela nomination to the State Department

The United States Senate finally approved Thursday evening the nomination of Arturo Valenzuela as Assistant Secretary for Western Hemisphere Affairs, putting an end to three months of Republican veto because of the Obama administration policy towards Honduras.
Saturday, November 7th 2009 - 07:14 UTC
“Non aggression pact” to end secrecy of military agreements in South America

Brazilian diplomacy is working on a “non aggression” pact which it will propose to Colombia and other regional governments following on the military agreement signed by Bogotá with Washington and which has caused much concern in Brazil according to the Sao Paulo press.