Stories for December 2nd 2010

Thursday, December 2nd 2010 - 23:05 UTC
Relief in Euro zone as ECB extends availability of emergency loans to banks

The European Central Bank moved Thursday to contain the continent's government debt crisis, extending the availability of emergency loans and keeping its benchmark lending rate at one percent.
Thursday, December 2nd 2010 - 21:56 UTC
Paraguayan grains and oil seeds 2010 crop reached a record 12.7 million tons

Paraguay summer and winter crops in 2010 totalled 12.688.908 tons establishing a new record according to agronomist Luis Cubilla from the Agriculture Biotechnology Institute. The last best harvest was in 2008 with 10.5 million tons.
Thursday, December 2nd 2010 - 21:40 UTC
Santiago airport capacity 40% expansion will handle 14 million annually

Santiago de Chile’s airport is about to be expanded to accommodate millions of more travellers. The crowds of people in the airport have been steadily growing, adding hours of travel time to passengers arriving to and leaving from Chile.
Thursday, December 2nd 2010 - 21:25 UTC
Uruguay praises Unasur; no agreement yet on next secretary general

Unasur has been a fundamental factor of stability, democracy and peace for the region said Uruguay’s Foreign Affairs minister Luis Almagro, following on Uruguay’s Parliament’s ratification of the group’s founding charter and constitution. However Almagro admitted consensus on a name for Secretary General of Unasur is still pending.
Thursday, December 2nd 2010 - 20:13 UTC
Argentina accused of not defending indigenous groups’ human rights

Argentina’s Advocate General Office and a humanitarian organization called for the intervention of the Inter American Human Rights Commission, CIDH, to ensure the physical integrity of the indigenous Toba community in the northern province of Formosa following incidents with police forces that left two people killed.
Thursday, December 2nd 2010 - 19:44 UTC
Opposition target plans for ‘AeroDilma’, 300 million USD Airbus 320

The Brazilian opposition has criticized the purchase of a new presidential aircraft for president-elect Dilma Rousseff claiming it is excessively luxurious and expensive.
Thursday, December 2nd 2010 - 19:38 UTC
Canada’s Scotiabank ready to take over Uruguay’s third largest private bank

Canadian Scotiabank (NYSE: BNS) is close to purchase the US private equity firm Advent’s stakes in Uruguay's third largest private sector bank Nuevo Banco Comercial (NBC) and consumer credit company Pronto!, was reported Thursday in Montevideo.
Thursday, December 2nd 2010 - 09:14 UTC
Falklands: Rachel North Exploration Well 14/15-2 Oil Discovery

Desire Petroleum plc (AIM:DES) the oil and gas company wholly focussed on the North Falkland Basin, wishes to advise that the 14/15-2 Rachel North well has reached a total depth of 3052 metres.
Thursday, December 2nd 2010 - 06:32 UTC
Ambitious Ibero-American conference takes off in Mar del Plata

The coming XX Ibero-American summit which opens next Friday in Mar del Plata, Argentina will have as main objective a commitment from the 22 country members to invest 76 billion Euros in education during the next decade.
Thursday, December 2nd 2010 - 04:19 UTC
WTO warns rich countries stimulus can jeopardize trade and investments

Stimulus and bailout packages undertaken to cope with the economic crisis can have an impact on trade and investment and need to be managed carefully, according to the head of the World Trade Organization.