Mercosur

Friday, February 13th 2009 - 20:00 UTC
Chile cuts benchmark lending rate 2.5 percentage points

Chile's central bank cut its benchmark lending rate by a steep 2.5 points to 4.25%, citing declining inflation and slow economic growth. The rate cut is larger than the 1 to 1.5 points expected by the market.
Thursday, February 12th 2009 - 20:00 UTC
Paraguayan lawmaker presides over Mercosur Parliament

In the first session of the year the Mercosur Parliament seated in Montevideo, Uruguay, nominated as its pro tempore president the Paraguayan lawmaker Ignacio Mendoza Unzain.
Thursday, February 12th 2009 - 20:00 UTC
Brazil trusts Mercosur for trade problems with Argentina

Brazilian president Lula da Silva admitted this week that trade with Argentina is “facing problems”, but discarded specific measures against Argentine exports adding that any differences between the two countries “will be solved in Mercosur deliberations”.
Wednesday, February 11th 2009 - 20:00 UTC
Falklands tourism record: 4.053 visitors in one day

A new record was set for Falkland Islands tourism last week, with 4,053 visitors arriving on board cruise ships on Friday February 6, confirmed Jake Downing, General Manager of the Falkland Islands Tourist Board (FITB).
Sunday, February 8th 2009 - 20:00 UTC
US Congress panel claims Treasury “over paid” 78 bn to banks

The United States Congressional Oversight Panel says the government overpaid for distressed financial assets and shares last year. It says the US Treasury paid 78 billion US dollars more than it should when buying stakes in banks through the 700 billion US dollars Troubled Assets Relief Program (Tarp).
Sunday, February 8th 2009 - 20:00 UTC
The Economist eyes at Uruguay/Argentina: profiting from virtue

An article from The Economist (Feb. 5th), “Profiting from Virtue” praises Uruguay's prudent and orthodox economic policies, under the “leftish” government of President Tabare Vazquez and states the country is better placed to mitigate world recession than its neighbor Argentina.
Thursday, February 5th 2009 - 20:00 UTC
Brazilian opposition delays Venezuela's Mercosur bid

Members of the Brazilian Congress opposition again delayed on Wednesday the consideration of Venezuela's Mercosur incorporation protocol, in spite of strong appeals from the ruling coalition of President Lula da Silva.
Wednesday, February 4th 2009 - 20:00 UTC
Brazil Senate denies delaying Venezuela's Mercosur membership

The recently nominated president of the Brazilian Senate Jose Sarney vehemently rejected on Tuesday claims he was intent in further delaying approval for Venezuela's incorporation to Mercosur.
Wednesday, February 4th 2009 - 20:00 UTC
Falklands' politician fined by UK's market watchdog

Speaker for the Falkland Islands' Legislative Assembly, Darwin Lewis Clifton OBE, has been fined by Britain's Financial Services Authority (FSA) for dealing in oil shares on the basis of inside information. However, FSA described Mr. Clifton's conduct as “non deliberate” and said his full cooperation with the investigation had qualified him for a 30% fine reduction.
Tuesday, February 3rd 2009 - 20:00 UTC
Falklands denies any arrangements for SAR pilot Prince William

Falkland Islands deputy governor Paul Martinez described British press reports on Prince William doing part of his 18 month RAF Search and Rescue (SAR) course in the South Atlantic Islands (claimed by Argentina) as speculation and not correct.