The Bank of England’s Monetary Policy Committee decided on Thursday to maintain the official bank rate paid on commercial bank reserves at 0.5% and voted to boost the money supply with an additional £ 50 billion to £ 175 billion to aid the flagging UK economy. The announced program is expected to take another three months to be completed.
Britain’s Great Train Robber Ronnie Biggs was granted on Thursday release from his prison sentence on compassionate grounds. Justice Secretary Jack Straw said the decision was based on medical evidence that Biggs's condition had deteriorated and he was not expected to recover.
Thousands of people have lined the streets to watch the funeral procession of the last British veteran of the First World War trenches. Harry Patch, 111, the Last Tommy, who did not want a state funeral, was honoured at a service at Wells Cathedral, Somerset.
Colombia is likely to become the regional hub for the Pentagon’s Latin American activities and its Fort Apache as US and Colombia near a cooperation agreement that would expand US military presence in the country.
Chile respects Colombia's sovereign decision to allow the US to use Colombian military bases for counter-narcotics operations in the region, the country's foreign Minister said Wednesday.
Uruguay’s ruling coalition has a ten point lead for October’s presidential election with 44% of the vote followed by the main opposition National party with 34%. However if the tendency is confirmed, a run off is inevitable in November according to Equipo Mori pollsters.
Bolivia signed this week an agreement with Russia for the purchase of a presidential jet plus military equipment and logistics backup, financed in the first leg with a 100 million US dollars credit, announced Defence minister Walker San Miguel.
Argentina's car and car part manufacturers will travel to Venezuela next week to attempt to capitalize on Venezuela decision to cancel imports from neighboring Colombia. The trade mission will be led by Argentine President Cristina Fernandez de Kirchner, the Production Minister said in a press release Wednesday.
Bolivian president Evo Morales apologized to Chile and Argentina over his comments that the hard right could return to rule in both countries and which Santiago considered “interference in internal affairs”.
Chile’s top league team Colo Colo easily defeated Rapa Nui in the first official match in Easter Island. The Chilean heavyweights won the Chilean Cup match 4-0. The locals, who didn't count with any professional footballers, but artisans, fishermen and dancers, played a decent game but were, as was expected, outplayed.