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Saturday, November 21, 2009
News Making Money

Honduran de-facto leader forms reconciliation government

06/11/2009 15:40 (14 Day 19:53 minutes ago)

The FINANCIAL -- According to RIA Novosti, Honduran de-facto leader Roberto Micheletti announced late on November 5 the formation of a reconciliation government, Latin American media reported on November 6.

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A reconciliation government was agreed to be established during last week's meeting between representatives of ousted Honduran President Manuel Zelaya and the country's de facto leader, Roberto Micheletti.

 

"I am happy to say tonight that we have completed the formation of the government in time," Micheletti said on national television. He did not however name the ministers who are to take office in the new cabinet.

 

According to the local media, Zelaya's representatives were not present when Micheletti formed the reconciliation government.

 

The Honduran Supreme Court still needs to decide whether the ousted leader will be reinstated ahead of national elections next month.

 

Many countries and international bodies have warned they would not recognize election results if the Honduran polls are held under the Micheletti presidency.

 

Micheletti has argued that Zelaya's removal was a constitutional transfer of power and not a coup.

 

Zelaya was bundled out of Honduras on June 28 by the military, acting on instructions from the Supreme Court and parliament, over efforts to seek an unconstitutional second presidential term. He was flown to Costa Rica, and his place was taken by Micheletti, the parliamentary speaker.

 

The ousted president secretly returned to the country on September 21 and took refuge in the Brazilian Embassy.

 

 

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Politics
Biden Calls for Fulfilling Promises of Rose Revolution

20/11/2009 12:35 (22:58 minutes ago)

The FINANCIAL -- According to Civil Georgia, U.S. Vice President Joe Biden called President Saakashvili on November 18 to discuss democratic reform in Georgia and to reiterate the United States’ strong support for Georgia’s sovereignty and territorial integrity, the White House reported.

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Markets
NASDAQ OMX Launches New Fixed Income Index

21/11/2009 10:40 (00:53 minutes ago)

The FINANCIAL -- NASDAQ OMX Stockholm announces that it has launched a new fixed income index named OMRX All Index, which will act as a benchmark for the Swedish bond and money markets.







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