Stories for March 2010

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.
Friday, March 5th 2010 - 18:20 UTC
Most Chilean fatalities may have resulted from tsunami, say officials

Chilean disaster officials are now saying the majority of the country’s fatalities may have resulted from the earthquake-generated waves that struck coastal towns like Constitución, where 350 people were killed.
Friday, March 5th 2010 - 17:19 UTC
Chilean flags in the Falklands – fund raising for Earthquake victims

CHILEAN flags have been on display in the Falkland Islands as members of the Chilean community, along with Islanders, have begun fundraising for victims of the Chile earthquake.
Friday, March 5th 2010 - 06:58 UTC
Strong 6.3 quake strikes northern Chile; three days national mourning

Chile was shaken Thursday by a strong 6.3-magnitude earthquake that officials said was not an aftershock from the massive quake that killed hundreds and left two million in precarious living conditions last weekend.
Friday, March 5th 2010 - 06:56 UTC
Argentina: Defiant Cristina: “this president will pay debts with central bank reserves”

Argentina's president defiantly vowed on Thursday to tap billions of dollars in foreign currency reserves to pay debt, in spite of Congress and the Judiciary, but also appealed a court order blocking her latest attempt to use the funds.
Friday, March 5th 2010 - 06:49 UTC
Central bank acting president, first victim of political clash in Argentina

Argentina’s central bank interim chief seems condemned to be the first victim of the political clash between the Executive and Congress over the government’s use of central bank reserves to pay maturing debt in 2010.
Friday, March 5th 2010 - 06:38 UTC
Dilma riding on Lula da Silva’s popularity but “won’t be enough”

Former Brazilian President Fernando Henrique Cardoso said that while President Lula da Silva is “unbeatable” today, his popularity won’t be enough to elect his chosen heir, cabinet chief Dilma Rousseff (62).