Stories for June 2009

Saturday, June 6th 2009 - 14:32 UTC
Chilean inflation below target; economy heading for recession

Chile's consumer price index fell a bigger-than-expected 0.3% in May after a fall of 0.2% in April, the National Statistics Institute reported on Friday.
On an annual basis, inflation for the 12 months through May slowed to 3%, the Central Bank's target rate -- from 4.5% for the year through April. In the first five months of 2009, inflation is down to minus 1.1%.
Saturday, June 6th 2009 - 14:24 UTC
Clashes with police over minerals’ rights kill 34 in Peruvian Amazon

At least 34 people have been reported killed in clashes in Peru between the security forces and indigenous people in the Amazon region protesting oil and gas exploration on their lands.
Saturday, June 6th 2009 - 14:14 UTC
Right wing British National Party wins several county council seats

Right wing British National Party has won its first county council seats in Lancashire and Leicestershire as Labour was humiliated in local elections across England. Elsewhere, Peter Davies of the English Democrats celebrated victory in Doncaster's mayoral election and Labour lost its four remaining county councils to the Tories.
Saturday, June 6th 2009 - 14:07 UTC
Chinalco “disappointed” with Rio Tinto’s decision to scrap deal

Aluminium Corp. of China, or Chinalco, confirmed Friday that Australian mining firm Rio Tinto has scrapped the proposed 19.5 billion US dollars of investment by Chinalco, and Rio Tinto would pay a break fee of 195 million U.S. dollars to the Chinese aluminium maker.
Saturday, June 6th 2009 - 14:01 UTC
Rio Tinto decision was not “political” Australia assures Beijing

The Australian government reassured China on Saturday that miner Rio Tinto's decision to walk away from a 19.5 billion US dollars by investment by Beijing was not a political move.
Saturday, June 6th 2009 - 13:52 UTC
PM Brown and reshuffled cabinet cling on

British Prime Minister Gordon Brown unveiled Friday a reshuffled cabinet and vowed to “fight on” with his “resilient” team to rescue the economy and clean up politics. He admitted Labour had suffered “a painful defeat” in Thursday's polls but added: “I will not waver. I will not walk away. I will get on with the job.” And he unveiled Glenys Kinnock as Europe minister in a surprise move.
Friday, June 5th 2009 - 13:35 UTC
Air France crash mystery deepens

The mystery surrounding the crash of an Air France plane off the coast of Brazil deepened after Brazilian officials said items they had pulled from the sea were not in fact debris from the downed Airbus.
Friday, June 5th 2009 - 13:16 UTC
Falkland Islands: Weekly Penguin News Update

Headlines: ‘A step back for the West’ - SAAS is forced to drop Fox Bay from its schedule; Will Falklands Landholdings split up its farms?; Shackleton joins Ross and Fitzroy at school; Islander abroad honoured.
Friday, June 5th 2009 - 13:13 UTC
ECB anticipates steep GDP fall and “stabilization phase” in 2010

In a move which was widely expected, the European Central Bank (ECB) elected to keep interest rates for the euro zone on hold at 1% and announced that the planned purchase of 60 billion Euros in company bonds will commence in July.
Friday, June 5th 2009 - 13:11 UTC
Bank of England keep rates and quantitative easing unchanged

The Bank of England Monetary Policy Committee voted Thursday to maintain the official rate unchanged at 0.5% for the third month in a row, but no fresh measures to stimulate the economy were announced.