* WHAT: Colombian central bank rate decision * WHEN: Friday, Feb. 26 REUTERS FORECAST: Poll found all 42 analysts surveyed forecast the bank willkeep its rate stable at 3.5 percent. The majority of theanalysts also forecast the bank will keep that rate unchangedthrough at least June. One third of the analysts forecast the bank"s benchmarkrate would end the year at 4.5 percent while 17 percent ofthose surveyed forecast a close of 4 percent. Another 12percent estimated the rate would end 2010 at 3.5 percent. FACTORS TO WATCH: Friday"s decision will most likely be to keep the rateunchanged as the factors in its last three decisions remain thesame. But the bank could give a more positive outlook and giveindications on when it could start to bring rates up. Inflationis still under control and Colombia"s economy is starting tosee moderate recovery. Recovering demand and inflationary expectations rising onthe economic growth will be signs the bank could change itspolicy. But there would need to be a major signal of improvedeconomic performance before the bank changes its position, saidDavid Duarte, Latin America strategist for 4CAST Incconsultants in New York. The bank could also comment on the impact from an ongoingdiplomatic crisis with Venezuela which has battered trade andalso the effect of the El Nino weather pattern that isthreatening more drought and could push up food prices andpressure inflation. MARKET REACTIONS: The market is not expecting any real surprises on Fridaywhen most analysts believe the bank will keep rates unaltered.Local TES bonds and the peso currency are not likely to see anymovement from the bank"s initial decision. In the medium and longer term, expectations the bank willraise its rate could generate pressure on the prices ofColombia"s peso-denominated public debt. (Reporting Nelson Bocanegra, writing by Patrick Markey inBogota; Editing by Andrew Hay)
Currencies BondsSaturday, July 31, 2010
PREVIEW-Colombia cenbank seen keeping rates fast
Wednesday, July 28, 2010
Victims of Catholic preaching sex abuse in Italy form await group
Victims of sex abuse by preaching in Italy have shaped an association. It is to hold the initial assembly in Sep in Verona, where it emerged last year that dozens of young kids at a eremite hospital for the deaf had been abused by priests over thirty years.
Marco Lodi Rizzini, orator for the association, said: Many people are abashed to have been subjected to violence, even though the error was not theirs. He told reporters: Our beginning is directed at enlivening them to come out in to the open, and afterwards probity can take the course.
Last year fifteen Italians, right away elderly in in between 40 and 70, testified that they had been abused at the Verona institute. Monsignor Bruno Fasani, orator for the Verona diocese, pronounced that the cases would right away be carefully thought about by the Vaticans Congregation for the Doctrine of the Faith.
Other cases have come to light in Bologna, Florence, Rome and Ferrara. Last week Karl Golser, the bishop of the northern parish of Bolzano, set up an e-mail residence for those who wished to inform abuse, expressing his frank bewail to all victims.
Related LinksBishop admits unwell to inform paedophilePope to recover minute on Irish abuseBishop "to resign" over Irish sex abuse informSilvio Berlusconi, the Italian Prime Minister, yesterday wrote to Pope Benedict XVI to honour him on his rural minute to Irish bishops on the sex-abuse crisis, describing it as an unusually in effect reply to formidable situations that had been used for an conflict on the Church.
Mr Berlusconi, who faces key informal elections at the week end that are being seen as a exam of his popularity, has sought to collect lost Catholic await after a array of sex scandals last year led a little Italian Catholic publications to reject his incorrigible behaviour.
At one theatre Il Giornale, the journal that forms piece of Mr Berlusconis media empire, pounded an Italian Catholic editor vicious of the Prime Minister as a hypocrite, claiming that he was a scandalous homosexual convicted of harassment. It after certified that this was untrue.
Mr Berlusconi, who maintains that his family with the Vatican were not influenced by the scandals in his in isolation hold up last year, told the Pope that his minute was usually the ultimate e.g. of your good charisma.
He pronounced that Italians hold the Pope in love and venerate and were means to heed in in between human errors, of that story is full, and the huge fruits of integrity to that the Christian roots gave bieing born and to that they go on to give birth.
Angelo Bagnasco, head of the Italian bishops, cursed ecclesiastic paedophilia as rapist and horrible but pronounced that it could not be authorised to expel a shade on the radiant 2,000-year story of the Church.
hair wigTuesday, July 27, 2010
Sir Alex Ferguson is a frightful man says David Beckham Football
David Beckham has described Sir Alex Ferguson as a "scary man" as he prepares to lapse to Old Trafford for the initial time given he left Manchester United in argumentative resources 6 years ago.
The England midfielder faced a media scrum on his attainment at Manchester airfield this afternoon and he will be reunited with Ferguson tomorrow night as AC Milan try to overturn a 3-2 necessity in the second leg of their last-16 Champions League tie.
Ferguson sole Beckham to Real Madrid in Jul 2003 after apropos perturbed with his luminary lifestyle and the playground that surrounded him. The pair"s attribute incited green towards the finish of Beckham"s career in England after the Scot allegedly kicked a wandering foot that struck the former England captain usually on top of the eye, opening a wound that compulsory stitches.
Contrary to reports that Beckham competence be encouraged by revenge, the England midfielder says he has no ill-feeling towards his former manager, who he describes as a "father figure".
Related LinksBeckham penetrating to boast Ferguson"s legacyFerguson expects Beckham to begin on the benchUnited carried by Rooney"s returnMultimediaMATT DICKINSON: Beckham extols Ferguson"s bequest"It will be good to see him again," Beckham told Match of the Day magazine. "He"s a frightful man, but in a unequivocally good way. He"s played such an critical purpose in my life, and during my time at United he was similar to a father figure to me and I will regularly be beholden for that."
United supporters serenaded Beckham with chants of Theres usually one David Beckham during the initial leg at San Siro and the regard with that he was perceived by the travelling supporters gave him a glance of the rousing accepting that he is expected to embrace in the lapse leg, tomorrow night.
"It is a large challenge," he said. "To win at Old Trafford is a unequivocally big ask, but I love the awaiting of big hurdles and if I"m given the possibility to fool around and infer what I can still do afterwards that would be a good exam for me and the team."
Beckham has played for Real Madrid, Los Angeles Galaxy and Milan given withdrawal Old Trafford in 2003 but admits he would have elite to stay at United for the generation of his career. "I"ve been to 3 good clubs given I left United, but it would"ve been good to stay there similar to Ryan Giggs has. Being at one bar for so prolonged is a genuine achievement."
Monday, July 26, 2010
British Airways set upon still on but assent talks stability Business
A British Airways craft takes off from London City airport. Talks in in between the kinship and airline have unsuccessful to furnish a breakthrough. Photograph: Dan Kitwood/Getty Images
A three-day set upon by British Airways cabin organisation is still programmed for this week end but last-ditch assent talks are stability in in between the airline and union.
BA"s arch executive, Willie Walsh, met the corner ubiquitous cabinet member of the Unite traffic union, Tony Woodley, this sunrise but they unsuccessful to reach an agreement. It is accepted that Walsh submitted a new suggest but Woodley lifted clever objections. However, Woodley has returned to the TUC for some-more talks after discussions with member of Unite"s cabin organisation branches, Bassa and Cabin Crew 89.
Walsh and Woodley have been holding discussions at the domicile of the TUC in executive London. If there is no new thing this afternoon it is expected that the initial walkout by BA cabin organisation in thirteen years will proceed on Saturday.
BA has affianced to fly 65% of the passengers to their destinations by utilizing a swift of franchised jets and 1,000 proffer cabin crew.
Earlier this week, Woodley pronounced Unite would postpone the strikes if BA put a prior grave suggest to the kinship behind on the table. BA had cold the suggest last Friday after Unite set set upon dates for the three-day walkout starting on Saturday, and a serve 4 days of industrial movement starting on twenty-seven March.
Representatives of Bassa had warned that members were doubtful to accept the suggest anyway. It enclosed a three-year compensate understanding and the prejudiced dissolution of staffing cuts that triggered the dispute.
Walsh had indicated that BA was doubtful to put the same suggest behind on the list and would benefaction a tougher one instead. That appears to have happened this morning, with Walsh claiming the brawl has already cost BA scarcely £30m that right away needs to be reclaimed by any destiny agreement.
Lord Ashcroft papers exhibit concerns of honours cabinet over Tory"s taxation standing Politics
Lord Ashcroft and William Hague in Islamabad in Dec 2006. Photograph: Farooq Naeem/AFP/Getty Images
The row over Lord Ashcroft"s taxation standing exploded again currently when new papers suggested the full border of concerns hold by the honours cabinet over the Tory donor"s taxation status.
Papers published by the Commons open administration department department department cabinet show that the former Tory personality William Hague"s arch whip wrangled for months over the sum of the deal.
They additionally exhibit the domestic honours inspection committee, in assign of overseeing his appointment to the House of Lords, longed for to see explanation that Ashcroft would turn a full UK taxpayer prior to he took his seat.
But the explanation never arrived, and after serve submissions from the Tories, the understanding was waved through.
On a day of fast-moving developments:
• Hague certified he was wrong to acknowledgement Ashcroft would compensate "tens of millions" of pounds some-more in taxation as a outcome of the understanding struck in 2000 to concur the Tory donor to take a chair in the Lords.
• Lady Dean, a part of of the physique that oversaw the nobility bid and a Labour peer, told a Commons cabinet that she was "shocked" to find out that Ashcroft was still not a full UK taxpayer. "It looks similar to the undertakings were not carried through," she said.
• Sir Hayden Phillips, the comparison polite menial who shepherded the nobility by the appointments process, came underneath vigour to insist given he had authorised Ashcroft to come in the Lords by notwithstanding the honours committee"s reservations.
Ashcroft suggested progressing this month that, notwithstanding apropos a UK proprietor underneath the deal, he stays "non-domiciled" for taxation purposes, definition he does not compensate UK taxation on his abroad earnings.
Today"s developments have unprotected the Tories – and Hague in sold – to serve critique over the affair.
Chris Huhne, the Liberal Democrat home affairs spokesman, told the BBC Hague was "completely non-professional to be unfamiliar secretary". He pronounced the Tory frontbencher was complicit in "a asocial cover-up" with Ashcroft over his non-dom status.
The commercial operation secretary, Lord Mandelson, pronounced the papers showed Hague and the Tory leader, David Cameron, had been "economical with the truth" and had not had "the bravery to mount up to Lord Ashcroft" over his taxation status.
The formerly unpublished papers expel new light on the curved negotiations over Ashcroft"s nobility 10 years ago.
In a minute on twelve Apr 2000, dual weeks after Ashcroft"s nobility was announced, the honours inspection cabinet – by the secretary, Sir Anthony Merifield – pronounced the Tory donor should not be authorised to take up his chair in the Lords until he became entirely proprietor in the UK.
In an additional letter, on 9 May, Merifield asked for justification from Ashcroft of the Inland Revenue form that would endorse he had changed his taxation affairs to the UK.
Later, Phillips appeared to accept the perspective of the afterwards Tory arch whip, James Arbuthnot, that Ashcroft did not need to turn domiciled to take up his peerage. Giving justification to the Commons open administration department department department name cabinet this morning, Dean told MPs: "It looks similar to the undertakings given were not carried through."
Dean was asked either she had been repelled by the new revelations over Ashcroft"s taxation status. She replied: "Yes. We thought that the undertakings that he had given ... were honoured."
Gordon Prentice, a Labour part of of the committee, told Phillips at the conference in Westminster currently that he had supposed "hook, line and sinker" assurances from Arbuthnot that domicility was not an critical issue.
Phillips pronounced it was not his purpose to appreciate Ashcroft"s accurate taxation status. But he conceded that the last diction concluded in between the honours cabinet and the Tories should have been clearer. "I admit that was, in hindsight, a inapplicable designation in the process," he said.
Phillips conceded there had been no one to "police" Aschroft"s undertakings to safeguard "the full set of reassurances" were followed through.
In an talk with Radio 4"s Today programme this morning, Hague certified he was wrong to envision in a minute to Tony Blair that if Ashcroft became a counterpart it would "cost him and good the Treasury tens of millions of pounds a year in tax".
Hague said: "The one thing I will concur that I think in review was a inapplicable designation was to contend tens of millions, given it might have cost him millions, it might cost him millions in the destiny – we don"t know.
"None of us can know alternative than him and the taxation authorities what it has cost."
Hague steady his insistence that he did not "go in to the detail" of the agreement at the time and pronounced that – 10 years on – he had not been asked about the taxation component "as far as any one concerned can recollect".
"I done transparent to James that I was going to be confident with any agreement that implemented the strange endeavour and that the supervision officials traffic with it and the honours inspection cabinet were happy with."
Mandelson seized on the developments. "I don"t know what sort of hold Lord Ashcroft has over David Cameron that he could not find the backbone, the bottle, to ask the applicable questions. In my view, that says rather a lot about David Cameron."
Huhne pronounced the Tory perspective was "tax is for the small people, and the big people, if they are giving sufficient income to the Conservatives, can be let off profitable tax".
Both Hague and Ashcroft declined to attend this morning"s exploration by the Commons open administration department department department name committee.
Ashcroft has given some-more than £4m to the Tories given Cameron became personality in 2005, directing the supports at the key extrinsic seats that the celebration needs to win to benefit power.
The Independent reported currently that a BBC Panorama review involving interviews with politicians and businessmen in Belize and the Turks and Caicos islands, where Ashcroft has commercial operation interests, had been put on hold.
A BBC orator told the Independent: "The programme is not on the report at the moment. We do not know when it will be aired." BBC sources pronounced lawyers had turn involved.