Stories for March 6th 2010

Saturday, March 6th 2010 - 15:35 UTC
Sails of South America 2010 from Buenos Aires head for Ushuaia

Bicentennial celebrations winds arrived in Buenos Aires this week with the imposing figure of eleven tall ships, wonderfully crafted relics of the past that will be docked until next Tuesday when they sail on to the South Atlantic.
Saturday, March 6th 2010 - 15:34 UTC
Tsunami warning failure sweeps away with head of hydrographical office

The head of Chile's hydrographical and oceanographic service has been sacked following the earthquake and tsunami that killed about 500 people last week.
Saturday, March 6th 2010 - 12:09 UTC
Strong 6.6 aftershock hits Chile’s most damaged area

Another strong aftershock jolted Chile nearly a week after the deadly 8.8 magnitude earthquake caused widespread destruction. In the badly-hit city of Concepcion, some residents ran into the streets Friday as the magnitude 6.6 tremor shook the area.
Saturday, March 6th 2010 - 12:02 UTC
Kirchner administration escalates dispute with Congress over bank reserves

Argentine Interior Minister Florencio Randazzo assured on Friday that it's not the Senate's prerogative “to designate the Central Bank Governor,” and informed that their only task is to check whether the person appointed by the Executive “is suitable for the seat or not”.
Saturday, March 6th 2010 - 11:59 UTC
Argentina trusts it will reach understanding with bond holders’ end of March

Argentina will make an offer to restructure the 20 billion US dollars of defaulted debt by the end of this month, Economy Minister Amado Boudou said on Friday.
Saturday, March 6th 2010 - 11:45 UTC
Brazil approaching the moment interest rates can only be increased

Brazilian annual inflation rose above government target (4.5%) levels for a second consecutive month in February reaching 4.83%, up from 4.59% in January, Brazilian Census and Geography Bureau, or IBGE, said Friday.
Saturday, March 6th 2010 - 11:40 UTC
China promised to reverse income gap between rich and poor

Chinese Premier Wen Jiabao has said China must reverse its widening income gap between rich and poor. He said benefits of a growing economy - expected to expand by 8% this year - should be distributed more fairly.
Saturday, March 6th 2010 - 11:37 UTC
British MPs 1.5% pay increase taking salaries to £ 65.737

British MPs are to get a 1.5% rise from next month bringing their salaries to £ 65.737. The increase of nearly £1,000 is likely to spark fury in the wake of revelations about expenses abuse and with millions of workers across the private and public sectors facing freezes or even cuts.
Saturday, March 6th 2010 - 11:33 UTC
Mujica will be present at Piñera’s inauguration but not Lula da Silva

Uruguayan president Jose Mujica has confirmed his attendance to the inauguration of Chilean president elect Sebastián Piñera next March 11. However news from Sao Paulo indicates that President Lula da Silva will not be participating at the very austere ceremony to be held in Valparaiso.