Stories for July 2009
Latest News feedBrazilian interest rates forecasted to remain unchanged until end of 2009
Brazil’s monetary policy makers said the benchmark interest rate (8.75%) is at a level that will spur economic growth without sparking inflation, signalling that they are prepared to keep borrowing costs unchanged through the end of the year.
Cruise tourism brings £ 4.2 million to Falklands’ economy
Cruise tourism brought almost £ 4.2 million (almost 7 million US dollars) revenue to the Falkland Islands in the 2008-09 season, according to the Friday release from the Falklands Islands Tourist Board.
Chilean industrial production and sales fall at moderate pace
Chilean industrial output and sales fell less than expected in June, suggesting that the country’s economy could be climbing out of its deepest recession in a decade, according to the latest release from the Statistics Institute, INE.
Countdown for the Argentine Executive super powers
Argentine President Cristina Fernandez de Kirchner announced this week a bill that will limit the amount of funds discretionally disbursed by the Executive under the so-called “superpowers”.
Chilean copper industry recovers and regains over half lost jobs
The Chilean mining industry has regained more than half of the jobs lost in the recent recession and is anticipating further growth, spurred in large part by a growing value for copper, according to the latest numbers from the Minister of Mining.
Spanish Central bank warns about budget deficit and market confidence
The Spanish economy contracted 0.9% in the second quarter of the year, an improvement over the 1.9% fall of the previous quarter but still 4% below the same quarter a year ago, according to the latest release from the Central Bank.
Iran loans Bolivia 280 million USD to develop industry and energy sector
Iran’s top representative in Bolivia said Tehran has approved a 280 million US dollars loan for the Bolivian government to develop its industry and energy sector. Iranian diplomat in La Paz a Masoud Edrisi told the Associated Press Wednesday that the terms of the low-interest loan have net yet been set.
Energy dispute: having agreed with Brazil, Paraguay now targets Argentina
After having reached an understanding with Brazil, Paraguay next month plans to begin negotiations with Argentina to claim better conditions for the power generated from the Yaciretá dam which both countries share.
World skyscraper construction slips 10% in first half of 2009
Construction on more than 10% of 1.306 planned skyscrapers was on hold at the end of June, and there were 11% fewer such projects under way compared with six months ago, according to a report released this week by Frankfurt based Emporis GmbH.
The US dollar to remain as world’s reserve currency says IMF chief
The US dollar is likely to remain as the world’s reserve currency said on Wednesday International Monetary Fund Managing Director Dominique Strauss-Kahn interviewed by France 24 television.
