Stories for March 24th 2010

Wednesday, March 24th 2010 - 22:57 UTC
UN admits “lopsided” conclusions to meat production-climate change report

United Nations specialists are to look again at the contribution of meat production to climate change, after claims that an earlier report exaggerated the link. A 2006 report concluded meat production was responsible for 18% of greenhouse gas emissions - more than transport.
Wednesday, March 24th 2010 - 22:44 UTC
UK launches biggest ever probe into insider dealing in the City

Major financial institutions are embroiled in the UK's biggest ever probe into insider dealing, it has emerged. The City is reeling after learning three of its top financiers are among six men arrested on suspicion of being involved in a sophisticated and long-running insider dealing ring.
Wednesday, March 24th 2010 - 22:30 UTC
Obama congratulates Chile, Argentina, Colombia and Mexico on bicentennial

United States Secretary of State Hillary Clinton congratulated Chile, Argentina, Colombia and Mexico on the bicentennial of their independence to be celebrated in the course of 2010 and said she was hopeful the anniversary would also celebrate a future of “greater cooperation in the hemisphere”.
Wednesday, March 24th 2010 - 22:27 UTC
Portugal credit rating downgrade sank the Euro and Wall Street

The Euro sank to a 10-month low against the dollar and US stocks fell on Wednesday after a downgrade of Portugal's credit rating raised worries about Europe's growing debt burden.
Wednesday, March 24th 2010 - 22:22 UTC
Climate change puts an end to India-Bangladesh island dispute

Once a flashpoint in India-Bangladesh ties the New Moore Island or Purbasha in the Bay of Bengal, which Dhaka called the South Talpatti, has ceased to exist consumed by hungry tides and the rising sea.
Wednesday, March 24th 2010 - 22:15 UTC
Insulza voted by acclamation for a second OAS five year term

Chile’s Jose Miguel Insulza was re-elected Wednesday as secretary general of the Organization of American States (OAS) for another five-year term (2010/2015). Insulza, 66, the only candidate, was elected by acclamation at the OAS general assembly with Paraguay’s Hector Lacognata acting as president.
Wednesday, March 24th 2010 - 21:56 UTC
President Piñera opens world leading air and space fair in Santiago

Chilean President Sebastían Piñera officially inaugurated this week the biannual International Air and Space Fair, FIDAE, which this year marks the 30th anniversary of the successful air show and the 80th anniversary of the Chilean Air Force.
Wednesday, March 24th 2010 - 05:24 UTC
Crisis lesson: better to rely on international reserves than IMF credit says Brazil

Brazil’s Central Bank believes it is better for the country to hold its own foreign exchange reserves than to rely on credit lines from international institutions such as the International Monetary Fund.
Wednesday, March 24th 2010 - 05:21 UTC
Argentina’s default restructure: 9.5% dollar bonds due in 2017

Argentina will offer 9.5% dollar bonds due in 2017 in its plan to restructure 20 billion USD in defaulted debt, Ambito Financiero newspaper reported Tuesday. The bonds will be issued to compensate for past-due interest and the most recent past-due payment on warrants linked to economic growth, the Buenos Aires newspaper said.
Wednesday, March 24th 2010 - 05:18 UTC
Argentina’s top ballet dancer head of Uruguay’s Dance Company

Argentina’s renowned ballet dancer Julio Bocca has been named by Uruguayan president Jose Mujica as the new director of the official Sodre Performances and Dance Company.