Stories for November 2010

Friday, November 19th 2010 - 18:07 UTC
China imposes second banks’ reserve hike in two weeks

China's central bank has raised the amount of money that lenders must keep in reserve, as it moves again to try to control the country's high inflation. The People's Bank of China said the reserve ratio would go up by a further 0.5 percentage points on 29 November.
Friday, November 19th 2010 - 16:14 UTC
Guerrilla Dilma gathered information for bank hold-ups in the sixties

Brazilian president-elect Dilma Rousseff gathered information and advised guerrilla groups bank hold-ups in the sixties when the country was ruled by a military dictatorship according to reports published Friday in O’Globo media group.
Friday, November 19th 2010 - 16:01 UTC
Brazilian central bank chief steps down from president-elect Rousseff’s team

Brazilian central bank president Henrique Meirelles will not accept any invitation to remain as head of the bank unless president-elect Dilma Rousseff gives him full guarantees of “absolute autonomy” in running the institution. He also rejects the idea of holding on the job during the first quarter of 2011 until a definitive successor is named.
Friday, November 19th 2010 - 05:11 UTC
Venezuelan economy recovering but“15% devaluation” expected in 2011

Venezuela may formally devalue its currency “at least” 15% in early 2011, Barclays Capital said in a report sent via e-mail, changing its position after meetings with Finance Ministry and central bank officials in Caracas.
Friday, November 19th 2010 - 05:01 UTC
UK inflation rises to 3.2% in October pushed by higher fuel prices

The UK Consumer Prices Index (CPI) inflation rate rose unexpectedly to 3.2% in October, official figures show, on the back of higher fuel prices. Analysts had expected the CPI figure to remain unchanged at 3.1%.
Friday, November 19th 2010 - 04:58 UTC
Ireland admits it needs financial help and feels “no sense of shame”

The Irish Republic's finance minister has said he feels “no sense of shame” over his country's economic record - but it now needs outside help. Brian Lenihan told broadcaster RTE the Republic had fought hard over the past two years for financial survival.
Friday, November 19th 2010 - 04:51 UTC
US October inflation year-on-year stands at 1.2%; fears of deflation

Inflation in the US slowed further in October, with “core” inflation - which excludes volatile food and fuel prices - up only 0.6% on a year ago. It is the lowest year-on-year increase on record, with core prices remaining unchanged for three months running.
Friday, November 19th 2010 - 04:50 UTC
Museum suspends expedition to meet uncontacted tribes in the Paraguayan Chaco

London's Natural History Museum has suspended a planned expedition to a remote region of Paraguay after protests that it might disturb one of the world's last uncontacted tribes.
Friday, November 19th 2010 - 02:07 UTC
Republicans promise head on battle with ‘dangerous’ Latam ‘autocrats’

The “dangerous behaviour” of the presidents of Venezuela, Nicaragua, Bolivia and Ecuador shows “an undeniable link between the decline of democratic freedoms and human rights and the increase of tangible risks to the security of our region,” said US Congresswoman Ileana Ros-Lehtinen (R-Fl), a Cuban-American lawmaker.
Friday, November 19th 2010 - 02:01 UTC
Brazil’s ruling party main ally putting pressure on president-elect Rousseff

Brazil’s ruling Workers Party main ally in Congress Brazilian Democratic Movement, PMDB, has formed its own legislative group hoping to dispute some of the most strategic posts in the new congress that takes office next January first.