Stories for November 9th 2010

Tuesday, November 9th 2010 - 18:36 UTC
Uruguay’s leading banker calls for prudence, austerity and less triumphalism

In spite of Uruguay’s good macroeconomic performance there are weak points and a productivity shock, fiscal austerity plus regional coordination to address external surprises should be considered, said Enrique Iglesias, economist, former banker and currently Ibero-America Secretary General.
Tuesday, November 9th 2010 - 18:04 UTC
Tourism industry expected to expand 2% in 2010 based on strong rebound in Asia

The World Travel & Tourism Council's (WTTC) revised upwards its previous forecasts for the industry reflecting the economic recovery and the faster-than-expected rebound in international travel, particularly in Asian markets.
Tuesday, November 9th 2010 - 17:43 UTC
Beluga whale concept for a new luxury super-yacht with a 200 million price tag

A beluga whale is the inspiration behind a new concept for a massive luxury yacht and would cost in the range of 200 million US dollars.
Tuesday, November 9th 2010 - 17:21 UTC
Argentine military Junta leader and “dirty war” brains dies in hospital

Argentine coup leader Emilio Eduardo Massera, 85, died Monday after suffering for years from a heart condition and dementia that left him too ill to be tried for crimes against humanity.
Tuesday, November 9th 2010 - 15:09 UTC
Falklands’ Desire given the green light to drill second well in Rachel prospect

Falkland Islands Desire Petroleum confirmed Tuesday it had secured regulatory and partner approvals to drill a second well 14/15-2 well in the North Falkland basin Rachel prospect.
Tuesday, November 9th 2010 - 13:53 UTC
“Carnival Splendor” with 4.500 people towed to Mexico after fire left her adrift

The crew of a Mexico-bound cruise ship “Carnival Splendor” battled an engine room fire for three hours which left the vessel adrift, officials said. On Tuesday the vessel was waiting to be towed to the Mexican port of Ensenada.
Tuesday, November 9th 2010 - 12:43 UTC
Gold soars to new record; up 7% in the last week, 29% in 2010

The price of gold has hit another record high as investors worry about inflation and Europe's budget troubles. Tuesday morning it was trading at $1,421 an ounce.
Tuesday, November 9th 2010 - 04:27 UTC
In the most unequal region, Uruguay has highest human development index

Uruguay ranks third, behind Argentina and Chile, as the Latin American countries with the highest Human Development Index (HDI), according to the United Nations Development Program (UNDP) 2010 Report, which shows that, despite the significant progress many countries have made, the region continues to register the greatest inequality rates in the world.
Tuesday, November 9th 2010 - 04:17 UTC
Diverging growth rates in rich countries according to OECD report

Growth rates in the world's developed economies are set to diverge, the OECD said, with the recovery losing steam in France, Brazil, Canada, China, Italy and Britain, but picking up pace in Germany, Japan and the United States.
Tuesday, November 9th 2010 - 04:10 UTC
Getting around sovereignty

By Roberto Cox (*) - Few people in Argentina, or Britain for that matter, are aware that in the years leading up to the war that was fought over the possession of the Islands that Argentina calls the Malvinas and Britain the Falklands, the British government was trying to integrate them with the mainland. Out of deference to the islanders — the Kelpers as they are called — I will not be so bold as to write that Britain was intent on giving the islands and their inhabitants to Argentina, but that was the general idea.