Stories for 2009

Thursday, April 23rd 2009 - 13:15 UTC
Development banks pledge 90 billion USD for Latinamerica

Leading multilateral development banks announced Wednesday they will increase their support to Latin America and the Caribbean by providing as much as 90 billion US dollars during the next two years in a joint effort to spur economic growth in the region by coordinating their crisis response initiatives.
Thursday, April 23rd 2009 - 13:09 UTC
Brazil liberates international air passenger fares

Brazil’s Civil Aviation Agency, ANAC, announced Wednesday the gradual liberation of air fares for all international flights departing from Brazil. The decision applies to all regular airlines, national or international and will be arranged according to a one year chronogram.
Thursday, April 23rd 2009 - 13:04 UTC
IMF economic outlook influenced by Wall Street, claims World Bank

The World Bank believes that the IMF growth prospects for Latinamerica are “too pessimistic” and anticipates the region will suffer a milder contraction 0.6%, compared to the 1.5% forecasted by the April World Economic Outlook which IMF released Wednesday.
Thursday, April 23rd 2009 - 10:38 UTC
Venezuelan court asks Interpol to help arrest opposition leader Rosales

A Venezuelan court has ordered the arrest of exiled opposition leader Manuel Rosales on corruption charges and asked Interpol to detain him after he left for Peru, according to the Venezuelan state television.
Thursday, April 23rd 2009 - 10:32 UTC
Japan’s first annual trade deficit in 28 years

Japan has reported its first annual trade deficit in 28 years, with exports in the year to March down 16% from the previous year. Total exports in February and March were half of what they had been a year earlier, the finance ministry said.
Thursday, April 23rd 2009 - 07:02 UTC
Paternity claims shed light on President Lugo’s exit from the Church

A third woman in two weeks has claimed that Paraguay's President Fernando Lugo fathered her child, intensifying a political scandal that has made him the target of acid jokes, graffiti and a pop song. However in this last case the 39 year old teacher said she was “deeply in love” with the former bishop.
Thursday, April 23rd 2009 - 05:19 UTC
Uruguay beats global expectations and is set to grow 1.3% this year

The International Monetary Fund World Economic Outlook estimates that the Uruguayan economy will expand 1.3% this year and 2% in 2010, following an almost record breaking 8.9% in the fourth quarter of 2008.
Thursday, April 23rd 2009 - 05:17 UTC
IMF forecasts Argentina to contract 1.5% in 2009 and expand 0.7% in 2010

Argentina’s economy is forecasted to contract 1.5% in 2009 and will resume growth in 2010 but at a very modest 0.7%, according to the International Monetary Fund’s April World Economic Outlook (WEO).
Wednesday, April 22nd 2009 - 12:26 UTC
Credit crunch losses in the range of 4 trillion USD warns IMF

The International Monetary Fund (IMF) has warned credit crunch losses could reach 4 trillion US dollars, damaging the financial system for years to come. It further warns that even if urgent action is taken to clean up the banking system, the process will be “slow and painful”, delaying economic recovery. Banks may need 1.7 trillion in additional capital, the IMF forecasts.
Wednesday, April 22nd 2009 - 12:24 UTC
Three cases of rare newly-born with dengue in north Argentina

Two children were born with dengue in the northern Argentine province of Salta, more precisely in the town of Orán after their mothers caught the mosquito transmitted disease in the last week of pregnancy, according to what was reported.