Stories for June 9th 2010

Wednesday, June 9th 2010 - 06:10 UTC
US dollar breaks through the 4 pesos barrier in Buenos Aires informal market

The new foreign currency controls that begun to be applied this week in Argentina had a marginal incidence in formal operations Tuesday, but in the parallel informal market the US dollar, under strong demand shot past the 4 Pesos milestone.
Wednesday, June 9th 2010 - 06:08 UTC
Obama looking for “whose ass to kick” in the BP Gulf of Mexico oil spill

In his angriest words yet after being widely criticized for his response to the Gulf oil spill, President Barack Obama said he was talking to experts because he wants to know “whose ass to kick.”
Wednesday, June 9th 2010 - 06:06 UTC
China concerned with global impact of EU sovereign debt crisis

China's central bank reiterated on Tuesday it would continue to implement the relatively easy monetary policy according to changing situations in a bid to facilitate the ongoing development transformation model, as well as reinforce the country's sound and relatively fast economic growth.
Wednesday, June 9th 2010 - 06:05 UTC
Chilean ambassador in Argentina resigns for downplaying Pinochet regime

Chile's President Sebastián Piñera accepted on Tuesday the resignation of the Ambassador in Argentina, Miguel Otero Lathrop, who had assured during an interview last Sunday that most Chileans did not suffer Augusto Pinochet's dictatorship. His comments triggered a barrage of criticisms both in Chile and Argentina.
Wednesday, June 9th 2010 - 01:32 UTC
OAS assembly gives full support to Argentina’s Malvinas claim

The Organization of American States (OAS) ratified support of the Argentine demand to seek dialogue with the United Kingdom in order to find a peaceful and definitive solution to the ‘colonialism situation’ of the Malvinas Islands, South Georgia, and South Sandwich and the surrounding maritime areas.
Wednesday, June 9th 2010 - 01:29 UTC
Brazil GDP expands at ‘Chinese pace’9%; rates increase forecasted

Brazil’s economy grew at its fastest annual rate since 1995 in the first quarter anticipating expectations that the central bank will raise interest rates 0.75 percentage point Wednesday to prevent overheating.
Wednesday, June 9th 2010 - 01:27 UTC
Cluster Munitions convention in Chile; pressure on Brazil and Argentina to sign

“Decent countries cannot use indecent weapons” Alfredo Labbé, Director of International and Human Security under Chile’s Ministry of Foreign Affairs, said Monday in Santiago during an international conference to deal with the issue of cluster bombs.
Wednesday, June 9th 2010 - 00:00 UTC
LAN Chile and affiliates passenger and cargo traffic soars in May

LAN Chile Airlines and subsidiaries, (NYSE: LFL / IPSA: LAN), one of the leading airlines in Latin America, reported on Monday its preliminary monthly traffic statistics and punctuality indicators for May 2010.