Stories for March 6th 2010
Sails of South America 2010 from Buenos Aires head for Ushuaia
Bicentennial celebrations winds arrived in Buenos Aires this week with the imposing figure of eleven tall ships, wonderfully crafted relics of the past that will be docked until next Tuesday when they sail on to the South Atlantic.
Tsunami warning failure sweeps away with head of hydrographical office
The head of Chile's hydrographical and oceanographic service has been sacked following the earthquake and tsunami that killed about 500 people last week.
Strong 6.6 aftershock hits Chile’s most damaged area
Another strong aftershock jolted Chile nearly a week after the deadly 8.8 magnitude earthquake caused widespread destruction. In the badly-hit city of Concepcion, some residents ran into the streets Friday as the magnitude 6.6 tremor shook the area.
Kirchner administration escalates dispute with Congress over bank reserves
Argentine Interior Minister Florencio Randazzo assured on Friday that it's not the Senate's prerogative “to designate the Central Bank Governor,” and informed that their only task is to check whether the person appointed by the Executive “is suitable for the seat or not”.
Argentina trusts it will reach understanding with bond holders’ end of March
Argentina will make an offer to restructure the 20 billion US dollars of defaulted debt by the end of this month, Economy Minister Amado Boudou said on Friday.
Brazil approaching the moment interest rates can only be increased
Brazilian annual inflation rose above government target (4.5%) levels for a second consecutive month in February reaching 4.83%, up from 4.59% in January, Brazilian Census and Geography Bureau, or IBGE, said Friday.
China promised to reverse income gap between rich and poor
Chinese Premier Wen Jiabao has said China must reverse its widening income gap between rich and poor. He said benefits of a growing economy - expected to expand by 8% this year - should be distributed more fairly.
British MPs 1.5% pay increase taking salaries to £ 65.737
British MPs are to get a 1.5% rise from next month bringing their salaries to £ 65.737. The increase of nearly £1,000 is likely to spark fury in the wake of revelations about expenses abuse and with millions of workers across the private and public sectors facing freezes or even cuts.
Mujica will be present at Piñera’s inauguration but not Lula da Silva
Uruguayan president Jose Mujica has confirmed his attendance to the inauguration of Chilean president elect Sebastián Piñera next March 11. However news from Sao Paulo indicates that President Lula da Silva will not be participating at the very austere ceremony to be held in Valparaiso.
