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Stories for March 26th 2010

• Friday, March 26th 2010 - 01:53 UTC

  Euro zone agrees € 22 billion ‘safety net’ for Greece including the IMF

  

  Sixteen Euro zone countries have backed a financing plan to help debt-laden Greece, which will include IMF money. The safety net would total up to 22 billion Euros and would apply only if market lending to Greece dried up.

• Friday, March 26th 2010 - 01:19 UTC

  Falklands’ fishery back to normal says Director

  

  Falklands’ fishery catches have returned to a more normal level in 2010, confirmed Director of Fisheries John Barton on Thursday.

• Friday, March 26th 2010 - 00:59 UTC

  Chilean government announces biggest fuel price hike in months

  

  Chile’s government has decided to “un-freeze” the increase of the gasoline prices considering that the value of both oil and the US dollar is growing all around the world.
  By law, on March 25 the transitory price reduction to the specific oil tax must come to an end. The decree was passed last year to help the local economy given the financial crisis that affected many countries.

• Friday, March 26th 2010 - 00:53 UTC

  Dubai World promises investors will get their money back (in eight years)

  

  Investors in Dubai World have been told they will get their money back - but may have to wait up to eight years. The Dubai government has pledged more than £6bn of new funding for the restructuring plans of its flagship investment vehicle, whose assets include the QE2 and Turnberry golf course.

• Friday, March 26th 2010 - 00:46 UTC

  Bolivia: not the moment to pressure Chile for ocean access

  

  Bolivian President Evo Morales, along with the Bolivian Army and Navy, celebrated Sea Day this week, an annual holiday mourning Bolivia’s loss of ocean access to Chile following the Pacific War 131 years ago.

• Friday, March 26th 2010 - 00:43 UTC

  Former KGB agent buys The Independent and Independent on Sunday for £ 1

  

  Former KGB agent and London’s Evening Standard owner Alexander Lebedev is buying The Independent and Independent on Sunday for £1, it has been confirmed. The Russian oligarch has snapped up the titles for the same price as a single copy of The Independent.

• Friday, March 26th 2010 - 00:37 UTC

  Uruguay outperformed other regional economies, expanding 2.9% in 2009

  

  Uruguay outperformed all other Latinamerican countries last year, according to the latest available data on 2009 economic growth. The data shows the Uruguayan economy expanded 2.9% in 2009, compared to 1.2% for Peru and 0.9% in Argentina.