Stories for 2009

Friday, January 16th 2009 - 20:00 UTC
World oil demand forecasted to continue contracting

While oil prices ended this week's trading in the range of 35 US dollars the barrel, the International Energy Agency (IEA) has cut its estimates on world oil demand and for the first time since 1982-1983, expects two consecutive years of contracting demand for crude oil.
Friday, January 16th 2009 - 20:00 UTC
Third year running LAN, best airline in C. and South America

For the third year in a row the prestigious magazine Global Traveller awarded LAN Chile as the 'Best Airline in Central and South America.' The magazine surveyed more than 31,000 readers of the publication to select the best in class for luxury and business travel throughout 2008. This distinction is the direct result of the feedback received in the survey.
Friday, January 16th 2009 - 20:00 UTC
Bush makes effective Peru-US free trade agreement

United States and Peru began on Friday the implementation of a free trade agreement just days before US president George W Bush leaves office and despite concerns about labour and environmental aspects of the accord.
Friday, January 16th 2009 - 20:00 UTC
Citigroup to split and more fresh aid for Bank of America

The struggling US banking giant Citigroup has announced plans to split the firm in two, as it reported a quarterly loss of 8.29 billion US dollars. It said it would realign into two new firms, Citicorp and Citi Holdings.
Friday, January 16th 2009 - 20:00 UTC
Bolivia prepares for observers-packed referendum

The Organization of American States, OAS, will send 65 observers from 16 different countries to the constitutional reform referendum programmed for January 25th in Bolivia, reported the head of the OAS mission Raul Lago.
Friday, January 16th 2009 - 20:00 UTC
Spain admits 2009 recession deepest in half a century

Spain faces its deepest recession in half a century admitted Finance Minister Pedro Solbes anticipating the economy will contract 1.6% this year. In July, the minister had predicted a 1% expansion.
Thursday, January 15th 2009 - 20:00 UTC
Former governor Ralph associate fined for inside trading

The inside trading scandal in shares of mining company Monterrico Minerals involving a former Falkland Islands governor came to an end this week when Belgian investor, Erk Boyen was fined £ 176.254 by the UK' Financial Services Authority, reports The Independent in an article from Mathieu Robbins.
Thursday, January 15th 2009 - 20:00 UTC
Oliver Stone adds glamour to “South American revolution”

US film maker and director Oliver Stone working on a project on Latinamerican leaders interviewed on Wednesday in Buenos Aires Argentine president Cristina Fernandez de Kirchner who praised the initiative as “a different version of what is happening here”.
Thursday, January 15th 2009 - 20:00 UTC
“King” Hugo Chavez closer to his dream of perpetuity

Venezuela's National Assembly on Wednesday approved amendments to the constitution that would allow President Hugo Chavez to run for re-election indefinitely, the final step before the proposal goes before voters in a referendum.
Thursday, January 15th 2009 - 20:00 UTC
Chinese slowdown, serious risk for the global economy

A severe economic slowdown in China is one of the biggest risks faced by the world this year, the World Economic Forum (WEF) has warned. The WEF report said a hard landing for China's economy could create domestic social tensions and put stress on the global financial system.