Stories for February 18th 2011
Argentina and Brazil agreed Friday to set up a Monitoring Committee in order to exclude Brazilian products from being affected by the imports non-automatic licence system announced this week by the administration of President Cristina Fernandez de Kirchner.
Researchers at the University of British Columbia say they have the strongest evidence to date that humans are indeed “fishing down the food web,” citing data that show predatory fish such as cod, tuna, and groupers have declined by two-thirds during the past 100 years, while small forage fish such as sardines, anchovy and capelin have more than doubled over the same period.
Brazil’s proven oil reserves rose 10.65% in 2010 to nearly 14.25 billion barrels, the biggest annual increase in the past eight years, the ANP oil regulator announced this week. Total reserves, overwhelmingly offshore, which also include probable and possible reserves, soared 34.57% to 28.47 billion barrels.
Chile’s white wine grapes slated for harvest at the end of the month may not find enough hands to pick them. The grape harvest is the most labour-intensive period of the year for vineyards, but this year, vineyards having trouble tracking down temporary workers to work the harvest season.
The chairman of the Uruguayan Chamber of Industry, Washington Burghi, warned that Argentina’s decision to restrict imports could be “the beginning of the end” for the Mercosur. However Argentine ambassador in Montevideo said decisions are targeted against Asian imports with the purpose of defending Argentine jobs.
China’s central bank raised reserve requirements for lenders 10 days after boosting interest rates as Premier Wen Jiabao tackles accelerating inflation and the risk of asset bubbles in the fastest-growing major economy.
The Central Bank of Chile (CBC) hiked interest rates by 25bps to 3.5% on Thursday night targeting growing economic imbalances and the threat of higher inflation, reports Capital Economics latest update.
Chile’s Public Works Ministry (MOP) will invest 9.1 million US dollars to remodel infrastructure surrounding Santiago’s Arturo Merino Benitez International Airport in order to reduce traffic and improve experiences for air travellers.
Colombian president Juan Manuel Santos said this week that military forces know the exact hiding place and movements of the FARC guerrilla maximum leader, Alfonso Cano, and brushed aside any chance that he might escape.
UK and Spain's foreign ministers reaffirmed Thursday their commitment to the Tripartite Forum (UK/Spain/Gibralar) for Dialogue following a bilateral meeting in London, reports the Gibraltar Chronicle.