Stories for October 2010

Saturday, October 9th 2010 - 02:05 UTC
Latam helps “rebalance” world economy by appreciating its currencies

Latin America did its homework and allowed its currencies to appreciate sufficiently in order to contribute to the balance of global growth, International Monetary Fund (IMF) chief economist for the region, Nicolás Eyzaguirre, announced.
Saturday, October 9th 2010 - 02:04 UTC
China reacts angrily to award of Nobel Peace Prize to dissident Liu Xiabo

China has reacted angrily to news that one of its dissidents has won this year's Nobel Peace Prize, labelling it obscene and saying the prize has gone to a criminal. Nobel Committee president Thorbjoern Jagland announced the illustrious award in Oslo.
Saturday, October 9th 2010 - 00:44 UTC
Chilean inflation jumps 0.4% in September pushed by food prices

Monthly inflation in Chile quickened as the cost of food and beverages rose the most in at least 20 months. Consumer prices rose 0.4% in September from a month earlier, the National Statistics Institute, INE, said Friday compared to a 0.1% decline in August. Food and beverage prices rose 1.4 percent last month.
Saturday, October 9th 2010 - 00:38 UTC
Abortion becomes an issue in the Brazilian presidential run-off

Brazil’s ruling party candidate Dilma Rousseff is playing up her Roman Catholic background in efforts to win back religious voters, whose doubts about her faith and position on abortion rights may have cost her an outright victory in Sunday’s presidential election.
Saturday, October 9th 2010 - 00:32 UTC
Tuesday, should be Rescue Day for the 33 Chilean trapped miners

Chilean rescue teams hope to start evacuating next Tuesday the 33 miners who have been trapped 700 metres underground for two months in a survival story that has gripped the world.
Saturday, October 9th 2010 - 00:21 UTC
Argentina claims IMF wants rich world’s “stagnation” exported to developing countries

“The IMF wants to make us believe that the policies which caused the crisis are now going to be part of the solution”, said Argentina’s Central bank president Mercedes Marcó del Pont following the opening of the IMF/World Bank annual assembly.
Saturday, October 9th 2010 - 00:15 UTC
US dollar steady decline in Chile linked to rising copper prices

The US dollar’s value against the Chilean peso experienced a sharp drop in the second semester of 2010. The exchange rate has been on a steady decline, devaluing by 63 pesos since July, until closing Wednesday at 482.7 pesos to the dollar – which was a daily drop of 0.4 pesos.
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.