Stories for May 2008

Monday, May 12th 2008 - 21:00 UTC
Uruguay divided over “invasion” of Argentine farmers

The Kirchners' administrations policy of heavily taxing Argentine farmers is having a very positive effect for neighboring Uruguay where a growing number of the most efficient farmers are now established, but some locals are not so convinced.
Sunday, May 11th 2008 - 21:00 UTC
Santiago to have world's tallest residential tower

The Spanish business group Mall announced plans for a 600 million US dollar residential tower for Santiago de Chile, a structure that, once built, will be the world's tallest residential building.
Sunday, May 11th 2008 - 21:00 UTC
Conflict fears make Argentine savers opt for US dollars

Seven out of ten Argentines with savings in the banking system have been changing their options from local pesos to US dollars or other currencies or assets, fearing the consequences of the unresolved farmers' conflict could lead to a run on the banks and the government's response of freezing assets, according to some Argentine media.
Sunday, May 11th 2008 - 21:00 UTC
Airbus and Boeing have a Chinese competitor

China launched a company to manufacture jumbo passenger aircrafts to challenge the dominance of commercial jet giants Airbus and Boeing in the market for aircrafts with more than 150 seats.
Sunday, May 11th 2008 - 21:00 UTC
Third US bank failure in 2008; regulators to increase staff

The United States ANB Financial National Association Arkansas based banks have been closed by the Office of the Comptroller of the Currency after discovering “unsafe and unsound” business practices there. The Federal Deposit Insurance Corporation has named a receiver.
Sunday, May 11th 2008 - 21:00 UTC
France's Total purchased lubricant plant in Chile

France's TOTAL, one of the world's largest oil companies, confirmed its purchase of the Chilean lubricant plant Castrol. TOTAL currently supplies Chile with 3% of its oil consumption, a figure that will grow as a result of the Castrol purchase.
Sunday, May 11th 2008 - 21:00 UTC
Argentine farmers plan more protests; governors' support

Tired of waiting for signals from President Cristina Fernandez de Kirchner's administration, Argentine farmers' leaders are ready to extend the current lock out which expires next Thursday, according to warning speeches over the weekend.
Saturday, May 10th 2008 - 21:00 UTC
Argentina's inflation is April doubles the Kirchner's index

The April Consumer Prices Index, CPI, in Argentina registered a 0.8% increase according to an official release from the questioned Statistics and Census Office, Indec. The index is half what private analysts were estimating and is bound to re-ignite the controversy about the alleged manipulation of Indec by the Kirchners' administrations.
Saturday, May 10th 2008 - 21:00 UTC
“Foreign Press Association of New York celebrates 90 years”

The Foreign Press Association of New York, the oldest media organization in the United States, is celebrating its 90th Anniversary this year with Carl Bernstein as the keynote speaker at a gala dinner to be held on May 13 at the Roosevelt Hotel in Manhattan.
Saturday, May 10th 2008 - 21:00 UTC
Salmon and livestock removed from Chaiten volcano range

Chile will begin moving 3.5 million salmon from farms in the range of the Chaitén volcano that has been erupting for over a week and spewing ashes as far as Buenos Aires, Santiago and the South Atlantic.