Stories for August 2009

Friday, August 21st 2009 - 13:24 UTC
Minutes show Bank of England divided on cash injection

Governor of the Bank of England Mervyn King wanted to pump more money into the UK economy this month but was outvoted by fellow policymakers. Minutes of the bank's Monetary Policy Committee (MPC) meeting on 6 August reveal that Mr King wanted £75bn rather than the £50bn that was injected
Friday, August 21st 2009 - 13:16 UTC
Brazil becomes Chile’s third largest trading partner

Brazil has become Chile’s third largest trading partner, displacing Japan, according to recently released government trade figures. Total July trade between Chile and Brazil was US$547 million, compared to the US$446 million in trade between Chile and Japan during July.
Friday, August 21st 2009 - 11:26 UTC
Falkland Island: Weekly Penguin News Update

Headlines: ‘Let us help you’ police chief urges domestic abuse victims; Economic Development Strategy goes public; Doyle reports.
Friday, August 21st 2009 - 11:22 UTC
Uruguay forecasted to fall 0.8% this year and expand 1.5% in 2010

Uruguay is forecasted to contract 0.8% in 2009 and rebound 1.5% next year according to chief economist for South America from the Spanish banking group BBVA, Joaquín Vial
Friday, August 21st 2009 - 11:07 UTC
Colombian president closer to re-re-election, but it’s not that simple

Colombia’s Senate passed a bill late Wednesday that may pave the way for a national referendum on whether to allow President Alvaro Uribe to seek a third consecutive term in next year’s presidential election.
Friday, August 21st 2009 - 11:04 UTC
Argentine exports forecasted to drop 20%, but 2010 is a promising year

The global recession will have an impact on Argentine exports which are forecasted to fall an estimated 20% this year to 55 billion US dollars, compared to last year. However since imports have also plummeted the trade surplus in July grew 35% (1.3 billion) totalling 11.2 billion US dollars in the first seven months of the year.
Friday, August 21st 2009 - 11:00 UTC
German surprise rebound confirmed by cautious Bundesbank

German economic growth is likely to gain traction in the coming months, the nation's influential central bank, the Bundesbank, said Thursday after Europe's biggest economy unexpectedly climbed out of recession during the second quarter.
Friday, August 21st 2009 - 10:52 UTC
Venezuela admits contraction; preparing package to re-launch growth

Venezuela's GDP contracted 2.4% in the second quarter of 2009 from the same period a year earlier, the central bank reported Thursday. In the first half of the year, the economy has contracted 1% against the same period a year earlier.
Friday, August 21st 2009 - 10:49 UTC
Mexican economy shrinks a record 10.3% in second quarter

Mexico's economy plunged 10.3% in the second quarter its deepest contraction on record as shrinking exports forced factories to slash production and cut jobs and the tourism industry was knocked out by the A/H1N1 virus flu.
Thursday, August 20th 2009 - 16:17 UTC
US does not have or seeks bases inside Colombia, said Hillary Clinton

United States Secretary of State Hillary Clinton said the US-Colombia defence cooperation agreement would not create US bases in Colombia or significantly increase US military presence in the region.