Stories for March 2010

Friday, March 26th 2010 - 04:23 UTC
Kirchner key ally says that inflation in Argentina can’t be denied, “it’s reality”

Argentina’s main union leader and a close political ally of President Cristina Kirchner, Hugo Moyano said that “inflation in Argentina is a fact, and nobody can deny it’s a reality”. His words follow previous statement from Economy minister Amado Boudou who admitted “prices’ tension but “not necessarily inflation”
Friday, March 26th 2010 - 04:18 UTC
Brazil/Argentina hold new round of talks to facilitate bilateral trade

Mercosur main country members, Argentina and Brazil begun on Thursday a two-day round of bilateral trade talks in Brazil to discuss basically whether to continue or not with the non-automatic licenses both countries hold.
Friday, March 26th 2010 - 04:01 UTC
Chile’s earthquake, fifth largest ever says US Geological Survey

The United States Geological Survey (USGS) reported this week that Chile’s devastating 8.8 magnitude earthquake on Feb. 27 has been officially ranked as the world’s fifth largest quake ever.
Friday, March 26th 2010 - 03:48 UTC
Agreement would allow Chinese jiggers to operate from Argentine ports

Norberto Yahuar, Argentina’s Fisheries Under Secretary is currently in China to advance on a fisheries cooperation agreement which would open Argentine ports to Chinese trawlers and jiggers while Beijing would lower tariffs to Argentine produce.
Friday, March 26th 2010 - 01:53 UTC
Euro zone agrees € 22 billion ‘safety net’ for Greece including the IMF

Sixteen Euro zone countries have backed a financing plan to help debt-laden Greece, which will include IMF money. The safety net would total up to 22 billion Euros and would apply only if market lending to Greece dried up.
Friday, March 26th 2010 - 01:19 UTC
Falklands’ fishery back to normal says Director

Falklands’ fishery catches have returned to a more normal level in 2010, confirmed Director of Fisheries John Barton on Thursday.
Friday, March 26th 2010 - 00:59 UTC
Chilean government announces biggest fuel price hike in months

Chile’s government has decided to “un-freeze” the increase of the gasoline prices considering that the value of both oil and the US dollar is growing all around the world.
By law, on March 25 the transitory price reduction to the specific oil tax must come to an end. The decree was passed last year to help the local economy given the financial crisis that affected many countries.
Friday, March 26th 2010 - 00:53 UTC
Dubai World promises investors will get their money back (in eight years)

Investors in Dubai World have been told they will get their money back - but may have to wait up to eight years. The Dubai government has pledged more than £6bn of new funding for the restructuring plans of its flagship investment vehicle, whose assets include the QE2 and Turnberry golf course.
Friday, March 26th 2010 - 00:46 UTC
Bolivia: not the moment to pressure Chile for ocean access

Bolivian President Evo Morales, along with the Bolivian Army and Navy, celebrated Sea Day this week, an annual holiday mourning Bolivia’s loss of ocean access to Chile following the Pacific War 131 years ago.
Friday, March 26th 2010 - 00:43 UTC
Former KGB agent buys The Independent and Independent on Sunday for £ 1

Former KGB agent and London’s Evening Standard owner Alexander Lebedev is buying The Independent and Independent on Sunday for £1, it has been confirmed. The Russian oligarch has snapped up the titles for the same price as a single copy of The Independent.