Stories for January 12th 2009

Monday, January 12th 2009 - 20:00 UTC

Record Latam inflation in Venezuela last year: 30.9%

The inflation rate reached 30.9% in 2008, an 11-year high, according to the latest release from the Venezuelan Central bank. The bank also said prices rose 31.9% in the capital, Caracas, the highest level since 1997, outstripping the 2007 figure, 22.5%.

Monday, January 12th 2009 - 20:00 UTC

Another Kirchner official calls for end to Botnia pickets

Another strong voice joined the choir of Argentine officials calling for a “responsible attitude” to guarantee free circulation along the three international bridges linking Argentina with Uruguay, which for over two years have been under control of pickets protesting the construction of a pulp mill on the Uruguayan side.

Monday, January 12th 2009 - 20:00 UTC

Falklands conflict trophy up for auction in Oxford

A battle trophy taken from a patrol boat after the Argentine surrender of the Falkland Islands conflict in 1982 is expected to reach hundreds of pounds at auction, reports The News from Portsmouth.

Monday, January 12th 2009 - 20:00 UTC

Rio Tinto freezes Corumba iron ore development in Brazil

In response to the collapse of commodity prices and demand giant Australian-UK minerals corporation Rio Tinto announced the postponement of one of its key iron ore expansion projects, the 2.15 billion US dollars Corumba mine in the heartland of Brazil.