Stories for October 2009

Wednesday, October 21st 2009 - 10:28 UTC
Bank of England governor attacks banking industry failure to reform

Bank of England Governor Mervyn King has launched an attack on the banking industry's failure to reform despite “breathtaking” levels of taxpayer support. The Governor warned the public would be paying for the financial crisis “for a generation”.
Wednesday, October 21st 2009 - 10:27 UTC
Colombia demands reciprocity on formal non intervention guarantees

The same way some countries want non intervention assurances from Colombia, Bogotá is also asking for certainties that its neighbours will not grant bases or refuge to guerrillas or the drugs trade, said Defence minister Gabriel Silva in an interview with the Brazilian media.
Wednesday, October 21st 2009 - 07:42 UTC
Mercosur review, top of the agenda for Uruguay’s next president

It wasn’t an issue during the electoral campaign trail and hardly mentioned in political rallies but Mercosur is high in the agenda of whoever wins next Sunday’s presidential election in Uruguay.
Wednesday, October 21st 2009 - 06:24 UTC
Gibraltar rapidly complying with G20 criteria on offshore business

British leading finance figures from the City of London met on Monday at the historic Drapers Hall to hear Chief Minister Peter Caruana’s message who said Gibraltar was fully committed and on time to meet the criteria being sent by G20 countries for offshore centres to continue in business centred on financial issues related to offshore centres and meeting the G20 criteria.
Wednesday, October 21st 2009 - 06:15 UTC
Nicaraguan Supreme Court opens the way for re-election of President Ortega

The Nicaraguan Supreme Court has lifted a constitutional ban on re-election, clearing the way for President Daniel Ortega to run again in 2011 elections. The court's decision followed an appeal by Mr Ortega and a group of mayors.
In July, Mr Ortega said publicly he favoured allowing people the right to seek consecutive terms.
Wednesday, October 21st 2009 - 05:50 UTC
UK underlines strong ties with the Rock on Gibraltar Day

British Minister for Europe Chris Bryant commented on the strong ties that exist between the UK and Gibraltar during the Gibraltar Day reception in the Guildhall of the City of London on Monday October 19th.
Wednesday, October 21st 2009 - 02:48 UTC
South America: An Analysis of Arms Races and Regional Geopolitics

In mid-September, Secretary of State Hillary Clinton critiqued Venezuela’s leader Hugo Chavez for his ongoing purchases of mostly Russian military equipment, arguing that this could trigger an arms race in South America. The statement has added fuel to the ongoing discussions about what form South America’s rearmament is taking and what this could come to mean for the security of the region.
Tuesday, October 20th 2009 - 16:49 UTC
A much awaited picture to seal unity in Uruguay’s ruling coalition

A much awaited brief but significant embrace between the two main leaders of Uruguay’s ruling coalition took place Monday in the port of Montevideo, an event which should help the incumbent candidate in the run up to Sunday’s presidential election.
Tuesday, October 20th 2009 - 11:51 UTC
New 2009 high for oil while US dollar keeps sliding

The price of oil has reached a new high for 2009, continuing its recent rise on the back of the weak US dollar and strong US company results. US crude settled up $1.08 at $79.61 in New York trading.
Tuesday, October 20th 2009 - 11:36 UTC
Argentine economy shows sluggish recovery fourth month running

Argentine economic activity in September and for the fourth month running showed signs of a slight recovery, according to the latest index from private consultants Orlando J Ferreres & Asociados, OJF, released Monday.