Stories for October 2010

Wednesday, October 20th 2010 - 00:52 UTC
IMF: imperative for Latinamerica to cut growth of public spending

The International Monetary Fund once again warned Latin American nations with fast growing economies of the risk of “overheating” due to strong domestic demand, which would cause “inflation and widening of current account deficits.”
Wednesday, October 20th 2010 - 00:41 UTC
Political agreement for a more democratic Mercosur parliament

Mercosur reached a political agreement to review the composition and election of the group’s Parliament, Parlasur. Under the new system to be implemented in several years the number of seats will be increased based on proportional representation and members of Parlasur will be chosen by direct universal vote.
Tuesday, October 19th 2010 - 04:07 UTC
Falkland Islands, new destination for successful UK online Travel in Depth

A United Kingdom independent online travel company specializing in wilderness adventures is expecting at least a 10% rise in sales in the next year after adding extra destinations to its portfolio, including the Falkland Islands.
Tuesday, October 19th 2010 - 03:56 UTC
Fears strong growth in Brazil will fuel inflation in months ahead

Economists in a weekly central bank survey raised for a fifth straight week their forecasts for Brazil's benchmark inflation index in 2010 and 2011, underscoring concerns that growth in the economy will raise consumer prices in the months ahead, the bank said.
Tuesday, October 19th 2010 - 03:53 UTC
Teheran reiterates to Argentina it won’t turn in suspected Iranian officials

Iran has rejected an Argentine proposal to nominate a third country to host a trial of Iranian officials accused by Buenos Aires of masterminding a Jewish centre bombing that killed 85 people.
Tuesday, October 19th 2010 - 03:50 UTC
Brazil’s Vale “very well positioned” to continue as world’s largest mining group

Brazil’s Vale Rio Doce, the world’s biggest iron- ore miner, said it is not planning any more acquisitions because it has enough assets to double its capacity.
Tuesday, October 19th 2010 - 03:39 UTC
Indian tycoon builds 2 billion USD family home in downtown Mumbai

Indian businessman Mukesh Ambani, ranked the world's fourth-richest man by Forbes magazine this year, is to soon move into what is believed to be the most expensive private home ever built.
Tuesday, October 19th 2010 - 03:28 UTC
Brazil again ups tax on incoming capital; calls for end to the “currency war”

Brazil increased taxes on foreign investments in fixed-income securities for the second time in a month and Finance Minister Guido Mantega said countries trying to defend exports must end the “currency war.”
Tuesday, October 19th 2010 - 03:06 UTC
Piñera wants to reaffirm Chile/UK close alliance well into the XXI century

Capitalizing on the wave of international admiration for the miners’ rescue, Chilean President Sebastian Piñera began Monday in 10 Downing Street his official two day visit to Great Britain underlining the close links and longstanding alliance between Chile and Britain.
Monday, October 18th 2010 - 22:47 UTC
Next Chilean ambassador to China promises to boost agriculture exports

Luis Schmidt, the recently appointed Chilean ambassador to China, is already speaking out about his goals and needs as ambassador to the country that has become Chile's largest trading partner. Last month he attended the closing of the World Expo in Shanghai and in January will relocate to China