Stories for February 27th 2010

Saturday, February 27th 2010 - 08:42 UTC
Chile: Tsunami wave as high as 9 feet has been recorded.

A POWERFUL 8.3 magnitude earthquake has struck the Pacific Ocean near the coast of central Chile, with US authorities warning it could generate a tsunami
Saturday, February 27th 2010 - 08:18 UTC
Petrobras announces two discoveries with 65 million barrels potential

Brazilian government managed energy firm Petrobras announced this week it had made two separate discoveries of oil in the Campos Basin near Brazil's coast with recoverable reserves of 40 million and 25 million barrels.
Saturday, February 27th 2010 - 08:16 UTC
Brazilian central bank prepares to withdraw stimulus measures and liquidity

The Brazilian Central bank’s decision to raise reserve requirements this week will have an impact on monetary policy, admitted the bank’s governor Henrique Meirelles in an interview with the financial publication Valor Economico.
Saturday, February 27th 2010 - 08:13 UTC
Docking in windy weather Costa cruise slams into Egypt pier killing three

A Costa Cruises ship crashed into a pier early Friday as it was docking at the Red Sea port of Sharm el-Sheik, Egypt, killing three crew members and injuring several passengers. The accident occurred amid stormy windy weather across Egypt.
Saturday, February 27th 2010 - 08:07 UTC
Positive surprise from the UK economy in the fourth quarter

The United Kingdom economy grew at a greater rate than previously thought in the final three months of 2009, official figures have shown. The Office for National Statistics revised its figure for fourth quarter GDP to show 0.3% growth - up from its previous estimate of 0.1%.
Saturday, February 27th 2010 - 07:50 UTC
Brazil could ban “Naughty blonde” beer ad featuring Paris Hilton

Paris Hilton is causing a stir in Brazil, where a government department has claimed a one minute beer commercial in which she stars is demeaning to women, particularly blondes.
Saturday, February 27th 2010 - 07:46 UTC
US economy signals swift pace of recovery; consumer confidence remains tepid

The US economy grew at an annualised rate of 5.9% in the last three months of 2009, revised official figures have shown. The rate is higher than the first estimate of 5.7%.
The figures confirm the world's largest economy is emerging rapidly from recession.
Saturday, February 27th 2010 - 07:45 UTC
Jaguar and Land Rover under new owner India’s Tata turn a profit

Jaguar Land Rover turned in a profit of £55 million in the last three months of 2009 after a loss of £60 million in the previous quarter. The company's owner, India's Tata Motors, said the bounce back was thanks to stronger market conditions.
It added that its range of new models had helped its performance.
Saturday, February 27th 2010 - 07:37 UTC
Colombian president barred from running for a third consecutive mandate

The Colombian Constitutional Court ruled Friday against holding a referendum that could have cleared the way for President Alvaro Uribe to run for a third consecutive term.
Saturday, February 27th 2010 - 07:31 UTC
Falklands a “bilateral issue between Argentina and UK”, insists Washington

The Falkland Islands and the political figure of President Barak Obama were among the issues addressed by United States Assistant Secretary for Western Hemisphere Affairs Arturo Valenzuela during a Friday mid day press conference in anticipation of Secretary of State Hillary Clinton’s trip to five countries of the region.