Stories for November 2008

Thursday, November 6th 2008 - 20:00 UTC
UNCTAD calls for better accounting and reporting standards

The head of the United Nations Conference on Trade and Development (UNCTAD) called for revising accounting and reporting standards to boost investor confidence amid the current global financial crisis, which he warned is spreading like a “pandemic.”
Thursday, November 6th 2008 - 20:00 UTC
Gibraltar: UK complains Spanish military restrictions

Great Britain has again brought up with Madrid the question on military restrictions imposed by Spain around Gibraltar, reports the Gibraltar Chronicle.
Thursday, November 6th 2008 - 20:00 UTC
Chile's October inflation, the highest since 2002, 0.9%

October consumer prices in Chile increased 0.9%, accumulating 8.5% in ten months and 9.9% in the last twelve months according to the latest release from the country's Statistics Institute, INE. October's increase is the highest for the month since 2002.
Thursday, November 6th 2008 - 20:00 UTC
First names of Obama's future administration

Barack Obama has started forming his administration by asking Rahm Emanuel, a former adviser to President Clinton, to be his chief-of-staff. US President-elect Obama is expected to appoint a new treasury secretary soon.
Thursday, November 6th 2008 - 20:00 UTC
Unemployment in Spain soars to 12 year high, 11.3%

The number of unemployed people in Spain in October reached a 12-year high of 11.3%, according to the Labour Ministry, the highest level in Europe.
Thursday, November 6th 2008 - 20:00 UTC
Abortion bill triggers acid controversy in Uruguay

The Archbishop of Montevideo, Uruguay, Nicolas Cotugno, warned this week that those legislators who vote for abortion are ”ipso facto (by that very fact) excommunicated.”
Thursday, November 6th 2008 - 20:00 UTC
A New Constitution for the Falkland Islands

Foreign Office Minister, Gillian Merron, today welcomed the new Falkland Islands Constitution Order 2008. The Minister said:
Thursday, November 6th 2008 - 20:00 UTC
Ten month retail inflation in Uruguay reaches 7.98%

Lower prices for food and beverage were not enough to impede Uruguay's October consumer price index from increasing 0.33% pushed by a stronger US dollar and weaker local currency.
Thursday, November 6th 2008 - 20:00 UTC
PM Brown tells banks lower rates must benefit consumers

The Bank of England slashed interest rates to a 53-year low in a dramatic attempt to rescue the UK economy from deep recession. The 1.5 percentage points cut by the Bank's Monetary Policy Committee (MPC) on Thursday is the biggest single move since March 1981 and brings rates to levels not seen since 1955.
Thursday, November 6th 2008 - 20:00 UTC
ECB admits further rate cuts; claims of “too little, too late”

The European Central Bank cut interest rates by 50 basis points to 3.25% on Thursday and signalled another reduction was possible next month, as inflation pressures ease and the Euro zone faces its first recession.