Economy

• 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 - 20:04 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 - 05:23 UTC

  Brazil warns more Fed liquidity could lead to protectionist policies

  

  Brazil said on Wednesday it was worried by the US Federal Reserve's plan to buy billions more dollars in bonds, saying the US policy of easy money could lead countries to enact protectionist policies.

• Thursday, November 4th 2010 - 02:09 UTC

  Colombia takes measures to stem appreciation of the local currency

  

  Colombia’s government and central bank announced new measures to stem a rally in the peso after President Juan Manuel Santos expressed concern its appreciation is hurting exporters and job growth.

• Thursday, November 4th 2010 - 02:08 UTC

  China set to grow 10% this year, but risks of property bubble warns World Bank

  

  The World Bank has raised its growth forecasts for the Chinese economy. However the bank warns of risks from the surging property market and bank lending.