Stories for October 8th 2009

Friday, October 9th 2009 - 05:42 UTC
Bank of England “wait and see policy” leaves QE unchanged at £ 175 billion

The Bank of England voted Thursday to hold interest rates at its 0.5% record low and continue with its £175 billion program to boost the money supply at its latest two-day meeting. The decision was taken despite concerns over the fragility of the UK recovery from recession.
Friday, October 9th 2009 - 05:33 UTC
Career diplomat nominated as US ambassador in Montevideo

President Barack Obama has announced his intent to nominate David D. Nelson to the post of United States Ambassador to Uruguay. His nomination has to be approved by Congress.
Friday, October 9th 2009 - 05:28 UTC
French Overseas Territories vote in January on degree of autonomy

Two French overseas territories, Martinique and French Guyana will be voting in an autonomy referendum next January 17, although the close relation with France will not be at stake. The announcement was made this week following a meeting of both OT leaders with President Nicholas Sarkozy.
Friday, October 9th 2009 - 05:20 UTC
Rockhopper confirms drilling of two wells in Falklands’ waters

Rockhopper Exploration oil and gas company which operates in the North Falkland Basin confirmed this week it was considering various options, including a share sale, to fund drilling activities scheduled to begin this coming austral summer in the South Atlantic
Thursday, October 8th 2009 - 11:19 UTC
Cuba confirms there is no such thing as a free lunch and ends free meals

Economist Nobel Milton Friedman use to say there is no such thing as a free lunch - but for years the majority of Cubans have been given free meals at state-run workplace canteens.
Thursday, October 8th 2009 - 11:14 UTC
All time US budget deficit record in 2009, equivalent to 9.9% of GDP

The US budget deficit more than tripled to a record 1.4 trillion US dollars in the fiscal year to 30 September, according to US Congress estimates. Congressional analysts had previously predicted a deficit of 1.6 trillion but revised their latest estimate, which comes after the end of the fiscal year.
Thursday, October 8th 2009 - 11:10 UTC
“Pink taxis” only for ladies and driven by ladies with GPS

As of this week the Mexican city of Puebla has a fleet of 35 “pink taxis” exclusive for women and driven by ladies, announced the local Communications and Transport Secretariat.
Thursday, October 8th 2009 - 07:29 UTC
Investors from Brazil, Argentina, Basque province and China flock to Uruguay

Investors from Argentina, Brazil, Spain’s Basque province and China are looking for opportunities in Uruguayan assets given the excellent political stability record of the country and proven reliability of its Judicial branch.
Thursday, October 8th 2009 - 07:16 UTC
Chile slaps 15% safeguard on Argentine, Uruguayan milk and cheese imports

Chilean dairy farmers on Wednesday expressed satisfaction with the government’s decision to impose safeguards on powder milk (whole and skinned) and Gouda cheese from Argentina and Uruguay.