Stories for October 8th 2010

Friday, October 8th 2010 - 20:35 UTC
Chile announces drastic cuts in catch quotas, raps private sector for over-fishing

An immediate drastic reduction in fishing capture quotas and adapting to the new reality was announced this week by Chile’s Minister of Economy Juan Andres Fontaine who unexpectedly participated in the Chilean National Fisheries Council meeting.
Friday, October 8th 2010 - 19:03 UTC
Private sector calls on governments for the EU/Mercosur trade agreement

Chambers of Commerce from Europe, Brazil and Uruguay called on their governments to give a new thrust to negotiations for an ambitious cooperation and trade EU/Mercosur agreement.
Friday, October 8th 2010 - 17:28 UTC
Falklands’ private sector project for an oil industry multi-million port

An ambitious new multi-million pound port development – specifically for the burgeoning oil industry in the Islands – has been proposed for the western coast of East Falkland Islands.
Friday, October 8th 2010 - 00:42 UTC
“Global currencies and trade wars” led to Great Depression warn IMF and WB

World leaders must defuse currency tensions before they worsen to avoid repeating the mistakes of the Great Depression, the head of the World Bank President Robert Zoellick told reporters.
Friday, October 8th 2010 - 00:36 UTC
Nobel Literature Prize for Peruvian author Mario Vargas Llosa

The 2010 Nobel literature prize winner Peruvian born author Mario Vargas Llosa said that he felt “a great joy'' when he was called with the news, but at first, he thought it might be a joke, ”I thought I had been completely forgotten by the Academy. I didn't even know the prize was being given this month.''
Friday, October 8th 2010 - 00:28 UTC
Mrs. Kirchner plummets to position 68 among most powerful women list

Argentina’s President Cristina Fernández de Kirchner plummeted to the No. 68 spot on this year's “The World's 100 Most Powerful Women” list made by US business magazine Forbes in New York, down from her No 11 position last year.
Friday, October 8th 2010 - 00:15 UTC
Argentina calls IMF a “non prestigious, absolutely inefficient institution”

While the International Monetary Fund said it hopes Argentina will normalize relations with the multilateral institution, the Argentine Foreign Affairs minister Hector Timerman described the IMF as “non prestigious organization”.
Friday, October 8th 2010 - 00:12 UTC
Brazil forecasts crop will reach a record 148.9 million tons in 2010 farm year

Brazil forecasts a record crop of cereals and oilseeds totalling 148.9 million tons, the largest ever, according to the latest release from the Brazilian Geography and Statistics Institute, IBGE.
Friday, October 8th 2010 - 00:10 UTC
Repsol-YPF optimistic about finding oil in Islas Malvinas waters

Spanish oil and gas company Repsol-YPF praised its Argentine YPF associates and said he was hopeful that “soon” the company “would discover hydrocarbons in the Islas Malvinas waters”, as has happened in Brazil.
Friday, October 8th 2010 - 00:06 UTC
Argentina investigates Dutch company that surveyed in Falklands’ waters

Fugro NV the world’s largest surveyor of sea-beds and deepwater for the mining and oil industries, said it doesn’t believe it broke the law when it carried out work near the Falkland Islands that has become the subject of an Argentine investigation.