For the tenth month running the Bank of England Monetary Policy Committee decided to leave interest rates unchanged at 4.5%, a decision expected by financial markets.
The United States economy is set to grow 3.6% this year compared with earlier estimates of 3.4% according to President George Bush's Council of Economic Advisors, revealed Thursday outgoing Treasury Secretary John Snow.
However consumer prices are forecasted to reach 3% instead of the original 2.4%.
The International Monetary Fund Executive Board approved the appointment of JP Morgan Vice Chairman John Lipsky as First Deputy Managing Director of the IMF. Lipsky, a U.S. national, will start his five-year term on September 1, succeeding Anne Krueger who steps down at the end of August.
Headlines:
World Cup madness begins;
Councillors take ?courteous but uncompromising' message to C24; Liberation Day; Shipping short list; Hitting the road for charity.
Whenever the Soccer World Cup is mentioned, the mind is boggled by moments of magic and illusion; smiles and tears; Pele and Maradona; Brazil's five cups, the famous Maracaná final and a long history of events that begun in 1930.
Before a ball has been kicked in Germany, the World Cup is gripped by a fierce contest between teams of global heavyweights and their smaller rivals.
Argentine Boca Juniors soccer team president Mauricio Macri said yesterday that he was ready to run for president next year, in a move that further fragments the opposition in the run toward next year's general elections.
United States trade deficit increased to 63.43 billion US dollars last April from 61.86 billion in March, which was below market estimates of 65 billion, reported the Department of Commerce.
Brazil and the United States signed a letter of intent for the creation of mechanisms to promote bilateral trade and foster business dealings, including ethanol, but left aside more ambitious goals such as a full-fledged free trade agreement.
The World Bank will continue to support Bolivia and other Latinamerican countries in spite of oil and gas industries nationalisation policies said President Paul Wolfowitz.