Stories for March 2004 , page 12

Friday, March 5th 2004 - 21:00 UTC

Bank of England keeps rates on hold at 4%

The Bank of England decided to keep United Kingdom interest rates on hold at 4%. Last February in an attempt to cool consumer spending and the housing market the bank's Monetary Policy Committee voted to increase rates to 4% from 3,75%.

Friday, March 5th 2004 - 21:00 UTC

IMF chief next president of Germany

International Monetary Fund Managing Director Horst Koehler was officially presented this Thursday as the Conservative opposition candidate for president of Germany which almost ensures his access to becoming head of state next May 23.

Friday, March 5th 2004 - 21:00 UTC

Lowest inflation since February 1939 in Chile

The consumer price index during February in Chile experienced no change, similarly during the last twelve months, recording the lowest twelve months inflation since February 1939 (-1,1%). Compared to December 2003 the index actually dropped 0,2%, according to the National Statistics Office.

Friday, March 5th 2004 - 21:00 UTC

Penguin News Update.

Headlines:
Champion Maurice's hat trick; Ross Road clearway will remain; Proposal for flight talks rejected?;
Inquest adjourned; Cruise visits this week.

Friday, March 5th 2004 - 21:00 UTC

“Malvinas”, Kirchner's turf in spite of Bielsa

The Falkland Islands issue will depend directly from President Nestor Kirchner through a “Malvinas Institute” of imminent creation, according to the Buenos Aires daily Ambito Financiero (AF).

Thursday, March 4th 2004 - 21:00 UTC

Argentina's debt offer will not be modified

Roberto Lavagna, Argentina's economy minister, has warned the country's private creditors that the government will not modify the debt-restructuring offer it made in Dubai last year.

Thursday, March 4th 2004 - 21:00 UTC

Caribbean nations won't join Haiti peace force

Fourteen Caribbean nations rejected joining any peacekeeping force for Haiti Wednesday and called for a probe into ousted President Jean-Bertrand Aristide's charge that the United States forced him from office.

Thursday, March 4th 2004 - 21:00 UTC

State of emergency declared in Haiti

Political turmoil continued in Haiti late Wednesday as Prime Minister Yvon Neptune declared a state of emergency and announced the formation of a commission to oversee security in the turbulent nation

Wednesday, March 3rd 2004 - 21:00 UTC

Fiscal flexibility for infrastructure investments

Brazilian president Lula da Silva asked this Tuesday president George Bush for US support in implementing changes in the contingent agreements reached between Latinamerican countries and the IMF.

Wednesday, March 3rd 2004 - 21:00 UTC

Greenspan warns about Chinese financial fragility

The Chinese financial system is currently weak and the abrupt disengagement of the flotation system pegged to the US dollar could worsen the situation warned US Federal Reserve Chairman Alan Greenspan in a letter to the Banking Affairs Committee of the US Senate.