Stories for 2009

Thursday, March 26th 2009 - 17:22 UTC
“Absolutely legitimate” to discuss a new world currency

International Monetary Fund Managing Director Dominique Strauss-Kahn said on Wednesday a discussion over China’s call for a new world currency is “absolutely legitimate” and is likely to take place in the coming months.
Thursday, March 26th 2009 - 17:20 UTC
IMF predicts recession for Latinamerica in 2009

Latinamerica’s economy will enter in recession this year as the average of the rest of the world economy IMF director for the Western Hemisphere Nicolas Eyzaguirre said on Wednesday.
Thursday, March 26th 2009 - 10:38 UTC
PM Brown on world tour to prop support for G-20 consensus

United Kingdom Prime Minister Gordon Brown has urged world leaders at next week's G20 summit to “take action” to reform the global banking system. The London summit must ensure “strong growth and recovery, and particularly jobs in the world economy”, he said.
Thursday, March 26th 2009 - 10:36 UTC
Sinking pound makes Gibraltar a shopping haven for Spaniards

An article in the latest edition of the UK national daily ‘The Guardian’ describes Gibraltar as “a miraculous survivor in these days of international financial turmoil and sweeping recession, thanks to a sinking pound and an economy that grows at a rate comparable to that of China.”
Thursday, March 26th 2009 - 10:35 UTC
Corruption forces resignation of Turks and Caicos PM

The prime minister of the Turks and Caicos Islands has resigned after an investigation that found “clear signs” of corruption in the territory’s Government.
Thursday, March 26th 2009 - 07:51 UTC
Uruguay's economy expanded 8.9% in 2008 but 0.8% in 4Q

Boosted by international and domestic demand Uruguay’s economy expanded for the sixth year running having recorded last year, 8.9%, according Central Bank president Mario Bergara.
Thursday, March 26th 2009 - 07:46 UTC
Following survey Argentina rotates hake ban areas

Argentina’s Federal Fisheries Council (FFC) has advised opening the 4160 North statistical quadrant of the common hake (Merluccius hubbsi) fishery, while closing the 4764 South quadrant, on the basis of findings from the last commercial hake survey
Thursday, March 26th 2009 - 07:18 UTC
Discover Uruguay, the right mix for US tourists

Tourists from the United States are discovering Uruguay and with good reason: it’s an oasis of tranquillity with a near-perfect climate that eagerly welcomes foreign guests, providing a rich mix of historical, beachside, urban, rural, and ecological offerings.
Thursday, March 26th 2009 - 06:54 UTC
Latinamerican remittances could drop 11% to 13% in 2009 says IDB

As the global economic slowdown begins to bite remittances to Latin America this year will fall for the first time since the Inter-American Development Bank, IDB, began measuring the money flows in 2000, reported the bank.
Thursday, March 26th 2009 - 06:34 UTC
Brazilian credit for Aerolineas to purchase 20 aircrafts

Brazil has agreed to lend 700 million US dollars to state-owned airline Aerolineas Argentinas to fund its purchase of 20 planes from Embraer in an effort to save jobs at the aircraft maker.