Stories for December 15th 2009
Moody’s warns about deterioration of sovereign triple-A ratings
Sovereign debt risk is rising globally, particularly in the United States and United Kingdom, which must outline plans to manage public debt or face ratings deterioration as soon as 2011, Moody's global head of sovereign ratings said this week.
Climate Change: We Are All In The Same Boat
Global warming does not respect borders; a mindset shift is required if world leaders are to save us from ourselves
By Kofi Annan
Banco do Brazil interested in Argentina’s fourth largest bank
Banco do Brazil (BB), Latinamerica’s largest government-managed bank, is in talks with Argentina’s Banco Patagonia, seeking to expand internationally, announced CEO Aldemir Bendime.
Spain tops “misery index” that combines unemployment rate and budget deficit
Spain tops a new “misery index” that combines unemployment rates with budget deficits, according to forecasts from Moody’s Investors Service. Ireland appears in fourth place on the sovereign-risk outlook for 2010, behind Spain, Latvia and Lithuania.
Chile becomes second Latinamerica country invited to join OECD
Chile was invited Tuesday to become the 31st member of the Organisation for Economic Cooperation and Development, only the second Latin American country to receive the offer, the OECD has announced.
UK cuts defence programs to fund new equipment for Afghanistan
British Defence Secretary Bob Ainsworth announced Tuesday a package of cutbacks in core defence programmes to fund £900 million of new equipment for troops in Afghanistan over the next three years.
UK November inflation rose to 1.9%, pushed by fuel prices
Higher petrol prices in the United Kingdom pushed inflation upward for the second month in a row in November, official figures have revealed. The Consumer Prices Index (CPI) rose to 1.9% last month from 1.5% in October, said the Office for National Statistics (ONS).
Poland delays adoption of the Euro until 2015
Poland's adoption of the Euro in 2015 is very realistic and more likely than in 2014, but it isn't a target date, Deputy Finance Minister Ludwik Kotecki told reporters.
Proposed trans-Andes tunnel, crucial link for Pacific-Atlantic highway
A proposed 916 million US dollars road tunnel linking Chile and Argentina was endorsed last week by the Coquimbo (Region IV) regional government. The approval gives a green light to the proposed 14-km tunnel linking Chile’s Coquimbo province with the Argentine province of San Juan.
Lula da Silva has a new declared admirer: Chile’s Piñera
Conservative Sebastián Piñera, winner of Chile’s first presidential round last Sunday said his development model for Chile is on the lines of those applied by Brazil, Mexico and Peru, but distant from those under Venezuelan president Hugo Chavez or Nicaragua’s Daniel Ortega.
