Stories for November 2010

Friday, November 5th 2010 - 00:51 UTC
Bank of England leaves interest rates and liquidity resources unchanged

The Bank of England held UK interest rates at a record low and decided not to pump more money into the economy via quantitative easing (QE). The Thursday decision to make no change to policy comes after recent figures on the UK economy showed good growth.
Thursday, November 4th 2010 - 20:59 UTC
Dilma Rousseff, the most powerful person in Latinamerica according to Forbes

Brazilian president-elect Dilma Rousseff was included in Forbes magazine latest list of the 68 most powerful people in the world which is headed by Chinese president Hu Jintao.
Thursday, November 4th 2010 - 20:04 UTC
Trichet does not believe the US is actively weakening the dollar by printing money

European Central Bank President Jean-Claude Trichet said on Thursday he did not think the United States was actively trying to weaken the dollar by printing money, despite criticism from emerging economic powerhouses.
Thursday, November 4th 2010 - 19:54 UTC
Germany blasts latest US Fed Reserve plan to pump more money

German Economy Minister Rainer Brüederle from the liberal FDP blasted the United States monetary expansive policy which is geared to prop the declining US economy with strong liquidity injections.
Thursday, November 4th 2010 - 19:31 UTC
Emerging economies ready to counter the Federal Reserve latest liquidity injection

Asia and Latinamerica emerging economies anticipated that they would be implementing new measures to limit the inflow of capitals following on the United States Federal Reserve announcement that it would pump more liquidity into the faltering US economy.
Thursday, November 4th 2010 - 18:19 UTC
Overseas investment cap for Chilean pension funds increased from 60% to 80%

Chile's central bank said on Thursday it would gradually raise foreign investment limits for pension funds to 80% from 60% as it seeks to counter the recent sharp appreciation of the Chilean Peso.
Thursday, November 4th 2010 - 17:51 UTC
Uruguay the most prosperous country in Latinamerica says Legatum Institute

Uruguay is the highest positioned Latinamerican country in the 2010 list ranking the prosperity of 110 of the world’s nations by the London analytical centre Legatum Institute and its Legatum Prosperity Index.
Thursday, November 4th 2010 - 15:50 UTC
Uruguay leads the region in direct foreign investment percentage increase: 35.4%

Uruguay is the country in Latin America and the Caribbean which experienced the highest percentage increase in direct foreign investment during the first half of the year, according to the latest report from the United Nations Economic Commission for Latin America and the Caribbean, Cepal.
Thursday, November 4th 2010 - 15:49 UTC
Spain wants to renew bilateral talks with UK on Gibraltar’s sovereignty

New Spanish Foreign Minister Trinidad Jiménez has declared that her objective in respect of Gibraltar is “to generate enough confidence to renew bilateral talks about Gibraltar’s sovereignty with the British Government.”
Thursday, November 4th 2010 - 15:00 UTC
Chile and Uruguay the less corrupt and most transparent in Latinamerica

Chile and Uruguay are among the less corrupt and most transparent countries of the region while Venezuela stands at the opposite end, among the worst cases in the world, according to the latest annual report from Transparency International officially released in Berlin.