Stories for January 2006
Latest News feedDollar and assets bubble, challenges for new Fed chief
The United States Senate approved Tuesday the nomination of Ben Bernanke to be the next chairman of the Federal Reserve, generally considered the most influential economic policy job in the world.
OPEC keeps quota unchanged until next meeting
The Organization of the Petroleum Exporting Countries, (OPEC) oil ministers decided Tuesday in Vienna to keep the official quota of 28 million bpd while the group’s second biggest producer Iran, locked in a dispute over its atomic program, gave assurances it would not halt its exports.
Fed raises rates to 4.5%, highest since April 2001
Arguing that possible increases in resource utilization as well as elevated energy prices have the potential to add inflation pressures the Federal Reserve Open Market Committee decided Tuesday to raise its target for the federal funds rate by 25 basis points to 4.5%.
Three MPs on a week Falklands’ visit
Three United Kingdom MPs will be visiting the Falkland Islands for a week in mid February in a familiarization tour. They will be accompanied by the Islands London Representative Sukey Cameron.
Low cost of living in most Mercosur cities
Mercosur capitals figure in the lower half of the world’s most expensive cities according to a biannual The Economist Intelligence Unit study which has Oslo, Norway top of the list and Teheran, Iran ranking as the cheapest.
British medical support for Brazil’s oil industry
British Trade Minister Ian Pearson launched the Berkeley Training Centre in Macae, 182 kmts. away from Rio do Janeiro which will be the first Medical training centre aimed at the oil and gas industry in Latin America.
Chile’s Bachelet names her cabinet.
President-elect Michelle Bachelet officially announced 20 cabinet members early Monday evening, naming a mix of old and new political leaders ? 10 men and 10 women - to head the various ministerial posts in her government.
Caruana consulted, new Governor to be named.
The recruitment process for the next Governor of Gibraltar is already under way, and the Foreign Office hopes to make an announcement in the spring, Douglas Alexander, Foreign Office Minister has told the Commons. Peter Caruana, Chief Minister, is being consulted on this process.
Uruguay disagreement opens door for Argentina’s case in The Hague
“This issue is confronting two brother countries and is exacerbating nationalism,“ said Uruguayan Deputy Víctor Semproni, a former bank clerks’ union boss of the ruling Broad Front.
Queen Mary 2 on schedule to Ushuaia/Punta Arenas
The cruise liner Queen Mary 2 with its 2.600 passengers is currently sailing for Ushuaia and Punta Arenas after having spent thirteen hours in Montevideo where Cunard Lines put on a big public relations operation.
