Stories for October 6th 2010
IMF recommends Latam fiscal savings to address persistent capital inflows
Latin America is exiting from the global financial crisis faster than anticipated, and should use the opportunity to boost fiscal savings that can slow inflation and prevent overheating, the IMF said Wednesday.
Speculation trapped Chilean mines could be rescued before October 18
Excessive pressure on the hammer of the T-130 drill – perforating the so-called “Plan B” escape hole –prompted engineers to stop drilling and change the hammer Monday night at the San José mine in northern Chile, where 33 miners are trapped 700 meters underground.
Chilean state oil company ENAP strikes natural gas deposit in Tierra del Fuego
Chilean state owned oil and gas company Empresa Nacional del Petroleo SA, Enap, discovered a new natural-gas well on the Arenal exploration block on the Tierra del Fuego island in the extreme south Magallanes region, the company said Wednesday.
Chinese millionaires love foreign luxury cars: 460.000 in seven months
China's imported auto market continues to flourish with sales of 460,000 in the first seven months of this year. It represents a growth rate of 150% compared with the same period of last year.
Strong controversy in US over possible approval of genetically modified salmon
The possible approval of genetically modified salmon has led to vigorous dispute in the USA. The recommendation by experts that that further testing should be conducted for the time being was the conclusion of a hearing arranged by the American Food and Drug Administration (FDA) and echoed broadly in the media. The salmon would have been the first genetically modified animal approved for human consumption.
GM cultivation totalled 134 million hectares in 2009; 77% soybeans, 49% cotton
The cultivation of genetically modified plants increased globally in 2009 with the field area rising by nine million hectares over 2008 to a total of 134 million.
Outrage in Italy over house arrest conditions of a former Nazi SS captain
Jewish groups have expressed outrage that a former Nazi SS captain convicted for his role in the massacre of 335 civilians in Italy is allowed out from his house detention to go shopping or to church.
Chilean wine exports reach 1.5 billion USD in 12 months, but profits down
Chilean bottled wine exports soared 33.3% and 25.8% during August in volume and value helping to reach the 1.5 billion US dollars and 749 million litres in the last twelve months, with 18.9% and 11.2% increases in volume and value according to the latest release from Vinos de Chile.
Japan requests OIE free of FMD status; Korea de-listed resumes pork exports
Japan formally requested the World Organization for Animal health, OIE, to declare the country free of foot and mouth disease do it can resume beef exports. Japan suffered an outbreak of FMD which forced the termination of 289.000 livestock.
Ecuador arrests alleged ring leaders of police revolt; denies US involvement
At least 46 Ecuador's national police members were arrested for their possible involvement in last week's revolt that the administration of President Rafael Correa called a 'coup attempt' which included the 'assassination' of the Head of State, the office of the public prosecutor informed.
