Stories for 2010
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.
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%.
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.
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.
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.
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.
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.
Goldman Sachs makes a positive near term appraisal of Falklands’ oil industry
The Falkland Islands will continue to be an important focus for European exploration and production (E&P) oil and gas investors in the near term, according to research by Goldman Sachs.
Russia plans to collect 33 billion USD in three year privatization plan
The Russian government approved a three year (2011/2013) privatization plan paving the way for a sale of federal assets which could yield 1 trillion roubles (33 billion US dollars), Economic Development Minister Elvira Nabiullina said in Moscow following a cabinet meeting.
Full blown campaign to garner support for Raúl’s Cuban model reforms
The Cuban government has launched an aggressive campaign on its proposed economic reforms as it tries to whip up public opinion enthusiasm and in its own ranks ahead of a Communist Party congress to approve them in April.
