Stories for November 4th 2009
US dollar falls to lowest rate in a year vis-à-vis the Chilean Peso
The US dollar fell to an exchange rate of Chilean Pesos 528 on Tuesday, the lowest rate since September 2008, a tendency confirmed in Wednesday’s trading. Since the beginning of 2009, the dollar has fallen 113 Chilean pesos.
The Secret of Prosperity is Freedom
By Michael Magan (*)
On economic policy, Latin American leaders face a basic choice: Adopt old style government-heavy populism championed by Venezuelan president Hugo Chavez, or the market-friendly reforms instituted in countries like Brazil, Peru, and Chile?
Interpol suggests mediation between Argentina and Iran over terrorist attack
France based Interpol proposed Argentine and Iranian authorities meet at Interpol's General Secretariat Headquarters in Lyon, central-south France, to unlock the judicial stalemate of the 1994 AMIA terrorist bombing in Buenos Aires.
Bailing out UK banks has cost each British family £ 4.350 claim Tories
The British government’s plan to pump a further £25.5 billion of taxpayers’ money into Royal Bank of Scotland means the cost of the banking bailout has reached £4,350 for every family in the UK.
Strict cuts and rules for British MPs allowances
British Members of Parliament should no longer be able to claim for their mortgages or employ family members at the taxpayers' expense, the long-awaited report by the standards watchdog has said.
Chinese company buys oil assets in the US for the first time
Chinese energy giant China National Offshore Oil Corporation (CNOOC) has bought oil assets in the US for the first time. CNOOC purchased limited stakes in four deepwater exploitation licences in the Gulf of Mexico from Norway's Statoil. The size of the deal is secret, but Statoil said it was small.
GM decision to hang on to European subsidiaries triggers controversy
General Motors decision to hang on to its European car unit Opel including Vauxhall in Britain, was welcomed in the UK but met with anger in Germany. Unite union chief Tony Woodley, a former Vauxhall worker, hailed the news as a “fantastic decision”.
Gold at all time record following India’s purchase of IMF metal reserves
The price of gold has touched an all-time high after a large sale of the precious metal by the International Monetary Fund (IMF) to India. Gold struck a high of 1,095.05 an ounce in London, against 1,084.50 late in New York on Tuesday.
Falkland Islands votes on Thursday for new Legislative Assembly
Businessmen Sawle tops Falkland’s election online poll.
RETIRED businessman Richard ‘Dick’ Sawle (55) was earlier today at the head of an unofficial online poll of Falklands General Election voters. England-born Dick, owner of successful multi-million-pound fishing business Seaview Ltd, appears to have captured the hearts of the Stanley constituency with his promise to, “Listen, learn and act.”
Honduran presidential hopefuls sign democracy and governance pact
Four of the six candidates for Honduras presidential election next November 29th signed Tuesday the social pact to strengthen democracy, peace and freedom, one of several steps agreed last week to end the four months institutional crisis of the Central American country, according to political sources.
