Stories for May 2009

Wednesday, May 27th 2009 - 12:05 UTC
Brazilian companies free of nationalization spree, promises Chavez

Venezuelan president Hugo Chavez told his Brazilian peer Lula da Silva that Brazilian corporations are safe from the current nationalization process in his oil-rich country. The two presidents met on Tuesday in Bahia to discuss Mercosur, energy, finances and regional integration.
Wednesday, May 27th 2009 - 11:58 UTC
Rio Tinto cuts iron ore prices to Japan steelmakers by 33%

Rio Tinto has agreed to cut key iron ore prices to Japanese steelmakers by 33% in this year's first contract setting a benchmark. However China, the world’s leading consumer of iron ore is not expected to accept such a benchmark.
Wednesday, May 27th 2009 - 11:53 UTC
Brazil confident Venezuela joins Mercosur next September

Brazil Lula da Silva said on Tuesday his peer Hugo Chavez is expecting the Brazilian Senate to approve Venezuela’s incorporation to Mercosur before next September.
Wednesday, May 27th 2009 - 06:32 UTC
Oil prices climb to six-month high as US consumer confidence jumps

Oil prices climbed on Tuesday to a new six-month high as traders viewed a jump in US consumer confidence as a signal for an economic rebound and increased energy demand. The rise comes ahead of OPEC’s meeting later this week in Vienna.
Wednesday, May 27th 2009 - 06:30 UTC
Obama nominates Latino woman to Supreme Court

President Barack Obama has nominated Sonia Sotomayor to serve on the country's Supreme Court. Ms Sotomayor, 54, who has now to be approved by a Senate vote, would be the first Hispanic to take the position.
Wednesday, May 27th 2009 - 06:23 UTC
Brazilian Central Bank not surprised by steady gain of the Real

Brazilian Central Bank President Henrique Meirelles said Tuesday that there are signs that the economy is recovering although he offered no specifics. Brazil’s economy expanded 5.1% in 2008 but government forecasts have been downgraded to 1% for 2009, and private estimates are even more pessimistic
Wednesday, May 27th 2009 - 06:20 UTC
'They told me I don't have the right to make any political comments'

Peruvian journalist Álvaro Vargas Llosa was briefly arrested for a few hours and his passport withheld by the authorities when he arrived this week at the Maiquetía's airport in Venezuela.
Wednesday, May 27th 2009 - 01:39 UTC
UK/Argentine agreement on Falklands’ Next of Kin visit

The UK Embassy in Buenos Aires has announced that UK and Argentine Government have decided to facilitate the initiative of the Commission of the Families of the Fallen to inaugurate the Memorial in Darwin Cemetery on the Falklands Islands.
Tuesday, May 26th 2009 - 18:29 UTC
Santiago residents have increasing number of firearms for protection

According to the latest study on citizen security, families in the Talagante borough of the Santiago de Chile Metropolitan Region have the highest number of firearms for protection.
Tuesday, May 26th 2009 - 17:59 UTC
Last surviving Falkland’s warship bows out

The last surviving operational Royal Navy warship which took part in the Falkland Islands conflict of 1982 retires from service tomorrow (Wednesday May 27).