Stories for 2010

Friday, January 29th 2010 - 01:54 UTC
Canada confident of its oil potential development in spite of Venezuela

An assessment that Venezuela sits on one of the largest oil fields on record does not threaten the potential of Canadian reserve development, analysts said.
Friday, January 29th 2010 - 01:52 UTC
Obama promises jobs and admits a “deficit of trust” by the US people

US president Barack Obama promised to make job creation his top priority as he made his first State of the Union address. Obama forecast the creation of 1.5 million jobs through the 'stimulus bill' in the nationally televised speech Wednesday evening to a joint session of Congress.
Thursday, January 28th 2010 - 23:52 UTC
Tourism Law Aims To Professionalize Chile’s Industry

A new tourism law passed by the Chilean Congress earlier this month is set to change the face of Chile’s tourist industry by setting standards for operators and guides.
Thursday, January 28th 2010 - 14:15 UTC
Honduras Lobo moving “in the right direction”, but no US aid restoration yet

Newly-inaugurated Honduran President Porfirio Lobo is taking his country “in the right direction,” but the United States has not decided whether to restore aid to Honduras, said Arturo Valenzuela, US assistant secretary of state for western hemisphere affairs.
Thursday, January 28th 2010 - 14:09 UTC
NASA surveillance flights to anticipate quakes in Haiti

US space agency NASA will send surveillance flights over Haiti and the Dominican Republic to look for signs that more earthquakes may hit the area after a giant quake that killed as many as 200,000 people two weeks ago.
Thursday, January 28th 2010 - 14:03 UTC
Argentine financial markets waiting for outcome of Central Bank dispute

Argentine financial markets closed lower on Wednesday waiting for the outcome of the ongoing dispute between President Cristina Kirchner and Central bank governor Martin Redrado which is now under consideration in Congress.
Thursday, January 28th 2010 - 13:59 UTC
Air passengers traffic in 2009 experienced biggest decline in post-war era

The year 2009 saw the biggest decline in air passenger traffic in the post-war era, according to the International Air Transport Association IATA. Passenger demand for the full year was down 3.5% with an average load factor of 75.6%. Freight showed a full-year decline of 10.1% with an average load factor of 49.1%.
Thursday, January 28th 2010 - 13:55 UTC
Fed leaves rates unchanged but will begin to wind down liquidity programs

The Federal Reserve said on Wednesday that the U.S. economic activity has continued to “strengthen” and decided to keep a key interest rate unchanged at a record low of between zero to 0.25% to prop up the economy. However there was a dissenting vote.
Thursday, January 28th 2010 - 13:43 UTC
Soros backs Obama’s proposals to limit size of banks

Legendary investor George Soros has called for a radical break-up of banks that are “too big to fail”. He also backed US President Barack Obama's proposed reforms to limit the size of banks at the World Economic Forum in Davos.
Thursday, January 28th 2010 - 13:41 UTC
Sarkozy raps bankers and calls for a fundamental rethink of capitalism

French President Nicolas Sarkozy has called for a fundamental rethink of capitalism in the aftermath of the financial crisis. “We need deep profound change,” he said in his keynote speech at the World Economic Forum in Davos.