Stories for 2010

Friday, August 27th 2010 - 08:05 UTC
Argentina’s hotel building boom: “symbol of climb back from global downturn”

Argentina’s hotel building boom can be held up as a symbol of South America’s climb back from the global downturn. The country has 15 projects in the development pipeline representing 1,700 rooms, according to STR Global. Of those 1,700 rooms, 68.9% or 1,172 are currently in the in-construction phase of development.
Friday, August 27th 2010 - 08:02 UTC
Peru combats the inflow of capital raising banks’ reserve requirements

Peru’s central bank will raise the reserve requirement for foreign banks depositing local currency in the domestic banking system after the Sol rose to a two- year high.
Friday, August 27th 2010 - 07:59 UTC
European Southern Observatory In Chile Discovers New Solar System

Some 127 light years away in the constellation of Hydrus, a new solar system has been discovered by a team of astronomers at the European Southern Observatory (ESO) on Cerro La Silla in Chile’s Coquimbo Region (IV).
Friday, August 27th 2010 - 07:54 UTC
Dilma Rousseff forecasted to take “bold actions” including budget cuts

As public opinion polls confirm the growing commanding gap between Brazil’s ruling coalition presidential candidate Dilma Rousseff and her main contender Jose Serra, analysts have begun to ponder on her policies.
Friday, August 27th 2010 - 07:51 UTC
Air France To Increase Flights Between France and Chile

Air France announced that beginning September 6, it will add more flights between Paris and Santiago. The airline currently offers five flights per week, but by September plans to increase that number to seven.
Friday, August 27th 2010 - 07:48 UTC
End of subsidized cigarettes for elderly Cubans

Cuba's elderly will no longer be entitled to state-subsidised cigarettes, the government has said. All Cubans 55 or older are allocated four packs of cigarettes a month for about 25% the normal price, but this privilege is being ended in September.
Friday, August 27th 2010 - 07:46 UTC
New York’s Empire State Building looses to 15 Penn Plaza

The Empire State Building has dominated the New York City skyline for a number of years since it was first built and it has become one of the top tourist destinations in the city. The building is now set to become second best however as a new building has been approved in New York city that will dominate the skyline and make the Empire State Building lose out.
Friday, August 27th 2010 - 07:33 UTC
Lula da Silva signs contract for controversial dam in the Amazon basin

Brazilian President Lula da Silva signed Thursday the contracts for the Norte Energia consortium to start construction of a controversial hydroelectric dam in the Amazon basin.
Thursday, August 26th 2010 - 05:05 UTC
Mrs. Kirchner confrontation with Clarin and La Nacion scares investors

Argentine President Cristina Fernandez de Kirchner’s growing confrontation with the country’s largest newspaper is exacerbating the biggest tumble in its dollar bonds in two months and prompting JPMorgan Chase & Co. to recommend investors cut holdings.
Thursday, August 26th 2010 - 05:02 UTC
US closely following Argentine debate on freedom of the press

United States Department of State Deputy Spokesman Mark Toner said President Barack Obama's administration is “closely” watching the debate on press freedom in Argentina.