Stories for November 9th 2012
Chilean ambassador return to Paraguay ‘when electoral process begins’
Chilean Foreign minister Alfredo Moreno said on Thursday it had not been decided when Chile’s ambassador to Paraguay, Christian Maquieira would be returning to Asuncion and pointed out that the diplomat continues “in consultations” with Santiago, following the removal of former president Fernando Lugo.
Judge Griesa summons new hearing on case of hedge funds holding Argentine bonds
US Judge Thomas Griesa summoned a new hearing at New York Court over the case of investment funds against Argentina. The judge agreed with both parts a hearing on Friday to define the following steps after the US Appeals Court ruling issued on October 26.
Draghi confirms economic activity in Euro is “expected to remains weak”
The European Central Bank (ECB) has held the benchmark Euro zone interest rate at the record low of 0.75%, as had been expected. The rate has been at this level for four months, after July's cut from 1%.
FAO October Price Index: cereals and oils down; increases in dairy and sugar
The FAO Food Price Index fell 1% in October 2012, and for the first ten months of the year food prices were on average 8% lower than in the same period in 2011. The Index dipped two points to 213 points from September's revised level of 215 points. The decline was largely due to lower international prices of cereals and oils and fats, which more than offset increases in dairy and sugar prices.
Chile’s ENAP and BG clash over supply of LNG from Egyptian fields
Chilean government owned oil and gas company, ENAP, described as ‘unacceptable’ British Gas announcement to GNL Chile that its will not comply with provision contracts next year.
Leading pollster dumps October survey because Chileans preferred not to reply
One of Chile’s leading pollsters Adimark GfK announced on Thursday it would not be publishing the political public opinion poll for the month of October because of the high percentage of “no reply” during interviews.
Bank of England leaves further stimuli and rate on hold
The Bank of England has decided not to extend its quantitative easing (QE) stimulus program, which has injected £375bn into the UK financial system. Under QE, the Bank creates money and uses it to buy government bonds to try to stimulate the economy.
EU and ten Latinamerican countries end 20-year ‘banana dispute’
The European Union and ten Latinamerican countries signed an agreement on Thursday settling the longest running series of disputes in the history of the multilateral trading system, better known as the ‘banana dispute’.
Why foreign policy holds the key to Obama’s second term
President Barack Obama’s victory over Mitt Romney is a landmark moment in US politics. He is only the second Democratic president to win re-election since Franklin Roosevelt in 1936, doing so despite a very challenging economic headwind of sluggish growth and comparatively high unemployment in the United States.
Outgoing Chinese leader: tackle corruption otherwise party and state will collapse
China’s outgoing leader has warned corruption could destroy the Communist Party but stepped up plans to double the size of the economy and build a powerful maritime force. President Hu Jintao unveiled an ambitious target to double per-capita incomes and implied the economy would achieve annual growth of about 7% over the next eight years.
