Stories for November 2010

Wednesday, November 24th 2010 - 20:21 UTC
IMF mission arrives in Buenos Aires first week of December

The International Monetary Fund confirmed Argentina’s request for technical assistance on the elaboration of a Consumer Price Index (CPI). In a statement release by Nicolas Eyzaguirre, Director of the Western Hemisphere Department added “we are currently in contact with the authorities on planning the missions”.
Wednesday, November 24th 2010 - 20:17 UTC
Rousseff confirms flexible-orthodox Tombini to head Brazil’s central bank

Brazilian president-elect Dilma Rousseff press office announced Thursday that economist Alexandre Tombini will be the next president of the central bank; economist Guido Mantega will continue as Finance minister and engineer Miriam Belchoir coordinator of PAC (program to bolster growth) will become Planning and Budget minister.
Wednesday, November 24th 2010 - 20:03 UTC
Irish government slashes benefits and raises taxes: VAT 24%

The Irish government has unveiled a range of tough austerity measures designed to help solve the country's debt crisis. Among the spending cuts and tax rises are a reduction in the minimum wage, a new property tax and thousands of public sector job cuts.
Wednesday, November 24th 2010 - 19:57 UTC
Final journey for a HMS Ark Royal formation of Harrier jump jets

A formation of Harrier jump jets has made their final journey from HMS Ark Royal - the last such flight from a UK aircraft carrier for about 10 years. The four GR9 jets marked the end of an era when they roared off the deck near North Shields, North Tyneside. Both the Ark Royal and the Harriers are being scrapped under cost-saving plans.
Wednesday, November 24th 2010 - 15:38 UTC
Exports help UK economy expand but tight budget contracts domestic demand

United Kingdom’s export growth helped the economy extend its recovery in the third quarter as growth in consumer, government and investment spending slowed by more than half. GDP rose 0.8% from the previous three months, when it increased 1.2%, the Office for National Statistics said Wednesday in London.
Wednesday, November 24th 2010 - 15:36 UTC
IMF insists Europe needs “far-reaching” reforms to safeguard the “social model”

Europe needs collaborative and far-reaching reforms to restore strong and balanced growth across the region and safeguard the European social model, the head of the International Monetary Fund Dominique Strauss-Kahn told bankers and officials in Frankfurt.
Wednesday, November 24th 2010 - 05:28 UTC
Lula da Silva not interested in Unasur secretary general post

Brazilian president Lula da Silva has no plans or intentions of becoming the next secretary general of Unasur, Union of South American Nations said his spokesperson Marcelo Baumbach who discarded all speculations related to the issue.
Wednesday, November 24th 2010 - 05:26 UTC
Brazil promises FIFA “peace and tranquillity” for the 2014 World Cup

The Brazilian government has assured FIFA officials that the 2014 World Cup will be a success, promising football's governing body “peace and tranquillity”.
Wednesday, November 24th 2010 - 05:19 UTC
EU and IMF are demanding more austerity and reforms from Greece

EU and IMF auditors cleared a new slice of rescue funding for Greece on Tuesday but demanded more austerity action while acknowledging that the country faced potential strains in repaying on time.
Wednesday, November 24th 2010 - 05:17 UTC
Emergency loans to Ireland total 85 b Euros, conditioned to draconian budget cuts

EU and IMF have extended 85bn Euros of emergency loans to the Republic of Ireland, according to reports on Irish state television. The widely anticipated bail-out package comes after a day of sharp falls in global share prices and the Euro.