Stories for September 23rd 2009
Fed: the US economy is “picking up” but we’ll continue to pump liquidity
The US Federal Reserve said that even when economic activity is “picking up”, it expects to keep interest rates close to zero for an “extended time” and will continue to support mortgage lending and housing markets and to improve overall conditions in private credit markets.
Uruguayans will consume 86 kg of meat per capita this year
Uruguayans beef consumption per capita in 2009 is expected to reach 58 kilos and 86 kilos of all types of meat according to the latest estimates from the National Meat Institute (INAC).
Honduras leader 'willing to talk'
Honduran interim leader Roberto Micheletti says he is willing to talk to deposed president Manuel Zelaya, barricaded in the Brazilian embassy.
In anticipation of the G20 summit, US dollar falls against major currencies
The Euro rose Tuesday to the highest level against the US dollar since August 2008 as investors looked to the Group of 20, G20, summit in Pittsburgh this weekend for more signs about the world economic recovery.
Uruguay sells 500 million dollars of bonds maturing 2025
Uruguay sold 500 million US dollars of bonds maturing in 2025 in its first international debt issue in three years. The 16-year bonds are to yield 340.3 basis points above US Treasuries.
Claims against Venezuela stir the Mercosur parliament
A Uruguayan lawmaker resigned from the Human Rights Committee of the Mercosur Parliament, Parlasur, in protest over the refusal of the commission to receive a delegation from Venezuela that claims the regime of President Hugo Chavez is violating freedom of expression.
Long lasting consequences of the global financial crisis, according to IMF
The global financial crisis is likely to leave long-lasting scars on the world economy, but governments can act to stimulate a quicker revival and counter output losses, according to a new IMF study.
US and China pledge to act on global warming at UN climate summit
US president Barack Obama has led the way as world leaders and industry chiefs seek to build momentum for a new international deal on climate change. Mr Obama told a United Nations summit on greenhouse gas emissions that the US was “determined to act” on global warming.
Big drop in heart attacks after smoking bans, according to several studies
The ban on smoking in public places, such as bars and restaurants, has been one of the greatest public health debates of the early 21st century. Now, two large studies suggest that communities that pass laws to curb secondhand smoke get a big payoff -- a drop in heart attacks.
“Europeans to loose clout to China” in IMF restructuring, says Strauss-Kahn
China will get the biggest increase in voting power at the IMF (*) when the global lender completes a long-awaited restructuring in 2011, the head of the IMF said Tuesday. In an interview with Reuters, IMF Managing Director Dominique Strauss-Kahn said European nations, which have resisted a dilution of their global economic clout in the IMF, increasingly recognized it was time for change.
