Stories for 2009

Wednesday, July 22nd 2009 - 07:03 UTC
US government exposure to financial crisis could reach 23.7 trillion USD

The total exposure of the US government to the financial crisis could reach 23.7 trillion US dollars, according to a watchdog report. Neil Barofsky, overseeing the Troubled Asset Relief Programme (Tarp), made the estimate in prepared remarks to a House of Representatives committee. The US GDP for 2008 was estimated in 14.3 trillion US dollars.
Wednesday, July 22nd 2009 - 06:58 UTC
Panama praises “professionalism” of Honduras Army in the crisis

Panamanian Vice-president and Foreign Affairs minister Juan Carlos Varela praised the Honduran Army for its “professionalism” in dealing with the political crisis of the country in spite of repeated claims of repression from human rights organizations.
Tuesday, July 21st 2009 - 22:44 UTC
Brazilian Senate supports Venezuela in Mercosur, but watchful of Chavez

“Respect for democracy is a very important principle for those who are or want to become members of Mercosur”, said Eduardo Azeredo president of the Brazilian Senate Foreign Affairs and Defence committee.
Tuesday, July 21st 2009 - 22:42 UTC
UK government borrowing soars and is equivalent to 56% of GDP

The United Kingdom government borrowing swelled by £13 billion in June to take overall net debt to its highest proportion of UK output since records began, official figures showed.
Tuesday, July 21st 2009 - 22:40 UTC
First Spanish minister visit to Gibraltar in 300 years

Spain's foreign minister arrived Tuesday in Gibraltar for talks with his United Kingdom counterpart - the first visit by a Spanish minister for 300 years. Miguel Angel Moratinos and David Miliband will seek greater maritime, financial and judicial co-operation.
Tuesday, July 21st 2009 - 22:36 UTC
Top Israeli official Latinamerican tour: trade and “Iran influence” in the agenda

Israel's foreign minister Avigdor Lieberman left on Monday on a ten day trip to Brazil, Colombia, Peru and Argentina to increase trade and strengthen ties with several countries as well as stemming growing Iranian influence in the region, said Deputy minister Danny Avalon.
Tuesday, July 21st 2009 - 12:19 UTC
Uruguayan ruling coalition loosing ground to the opposition

The Uruguayan ruling coalition Broad Front seems to be loosing steam while the main opposition party grows steadily ahead of the coming October 25th general election, according to the latest public opinion poll released on Sunday.
Tuesday, July 21st 2009 - 12:01 UTC
IMF implements plan to inject 250 billion SDR in liquidity boost

The International Monetary Fund (IMF) is planning to inject 250 billion US dollars in Special Drawing Righst, SDR, into the global economy to bolster countries’ reserves as part of measures to combat the world economic crisis.
Tuesday, July 21st 2009 - 11:23 UTC
Mercosur stalled development and Honduras in Friday’s summit agenda

Bureaucratic problems stalling the development of Mercosur is the main issue to be addressed at the presidential summit of the trade block next Friday in Asuncion, Paraguay, according to regional press reports.
Tuesday, July 21st 2009 - 11:19 UTC
Argentina’s primary surplus falls for seventh month running

Argentina's primary budget surplus plunged 65% in June compared to year earlier, marking the seventh straight month of worsening budget results, the government said on Monday.