Stories for October 2008

Friday, October 17th 2008 - 20:00 UTC
Latam estimated to grow 3% in 2009, says IDB

Latinamerica will grow 3% in 2009, below the 4 to 4.5% forecasted for this year said on Friday the president of the Inter-American Development Bank (IDB) Luis Alberto Moreno.

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Friday, October 17th 2008 - 20:00 UTC
To ensure supply and price Asian steelers buy iron ore mines

A consortium of five Japanese steelmakers and a South Korean trading firm will invest 3.1 billion US dollars to acquire 40% of a Brazilian iron ore mining company Mineiros S.A. to secure supplies of iron ore, trading house Itochu Corp. announced Friday.
Friday, October 17th 2008 - 20:00 UTC
Mexico returns to UN Security Council next January

The General Assembly elected Austria, Japan, Mexico, Turkey and Uganda to serve as non-permanent members of the Security Council for two-year terms starting on 1 January next year.
Friday, October 17th 2008 - 20:00 UTC
Czechs helping to reforest Torres del Paine devastated area

Chile's Forestry Corporation, Conaf is reforesting the 15.000 hectares from the world famous Torres del Paine national park in Chilean Pataogonia which were devastated by fire in February 2005, according to Punta Arenas La Prensa Austral.
Friday, October 17th 2008 - 20:00 UTC
Chilean Tierra del Fuego farm sold for 20 million USD

A long established traditional farm in Chilean Tierra del Fuego in the Timaukel area, has been sold “closed gate” to a group of Chilean investors for which they paid the equivalent of almost 20 million US dollars.
Friday, October 17th 2008 - 20:00 UTC
Farmed salmon disease outbreak in Magallanes

Chile's government confirmed this week that Infectious Salmon Disease (ISA) virus is present in the Magallanes Region (Region XII), more precisely at a salmon farm from Nova Austral in the Puerto Natales area, north of Punta Arenas.
Friday, October 17th 2008 - 20:00 UTC
Brazil eases foreign currency credit to exporters

Brazil's central bank will offer credit lines in foreign currencies as of next week in a bid to ease a credit crunch afflicting the country's exporters, the bank's president, Henrique Meirelles announced on Friday.
Friday, October 17th 2008 - 20:00 UTC
Melting Arctic sees first vessel through Northwest Passage

The German Institute Alfred Wegener said on Friday that a scientific expedition for the first time was able to navigate the fabled Northwest Passage linking the Atlantic and the Pacific oceans along Arctic waters bordering Russia and North America because they were free of ice
Friday, October 17th 2008 - 20:00 UTC
Uruguay's coalition can't agree on consensus candidate

The leader of Uruguay's senior partner group in the ruling coalition and presidential hopeful, Jose Mujica admitted that if the global financial crisis persists he would prefer his rival, former Economy minister Senator Danilo Astori to become the government's presidential candidate for 2009.
Friday, October 17th 2008 - 20:00 UTC
Miami trial reveals “rampant corruption” in Venezuela deals

The partner of a wealthy Venezuelan businessman on trial for his alleged involvement in a Latin American political cash scandal said Friday they were both deeply involved in rampant government corruption in their home country.