Stories for February 9th 2012
One hundred members of the Chilean population living in the Falkland Islands were joined by 50 to 60 Islanders in a show of unity against the possibility that the weekly Lan Chile flight between Santiago and the Falklands might be discontinued at the request of Argentine President Cristina Fernandez.
President Barack Obama administration and top US mortgage lenders unveiled a landmark 25 billion dollars deal Thursday to help struggling homeowners get back on their feet and to reignite the moribund housing market.
Mercosur from a real point of view exits, but institutionally it’s a “chewing gum” claimed Uruguayan president Jose Mujica who anticipated he would demand from the block’s partners that Uruguay be allowed to sign bilateral trade agreements with third parties.
The European Central Bank kept interest rates on hold on Thursday and altered its assessment of risks to the economic outlook as investors focus on the ECB possible role in helping Greece avoid default.
Bank of England has agreed to extend its quantitative easing (QE) program by £50bn to give a further boost to the UK economy. When completed, it will bring the total amount of QE stimulus to £325bn.
The famous human rights crusader, the Spanish judge who won fame with his attempt to extradite former Chilean dictator Augusto Pinochet in the 1990s, is barred from office for eleven years for abusing judicial powers.
UK Prime Minister David Cameron said on Thursday no one should doubt his determination to keep the Falkland Islands British as he dismissed President Cristina Fernández announced complaint to the United Nations.
Santiago media reports increasing disappointment in the Chilean government and private sector with the latest batch of Argentine measures to restrict imports and want the issue ‘top of the agenda’ when President Cristina Fernandez visits Chile at the end of the month.
Argentina limited the use of cash in the country’s financial markets as President Cristina Fernandez tightens oversight of currency transactions to help contain capital flight and prepare for what is anticipated a ‘difficult’ year for the Treasury and the Argentine economy.
The head of the Importers Chamber of Argentina, Diego Pérez Santisteban, warned that the new imports controls applied by the government “is complicated,” and affects the bigger companies more than the small and medium ones of the sector.