Stories for February 2011

Friday, February 18th 2011 - 19:34 UTC
Brazil’s proven oil reserves increase 11% in 2010 reaching 14.25 billion barrels

Brazil’s proven oil reserves rose 10.65% in 2010 to nearly 14.25 billion barrels, the biggest annual increase in the past eight years, the ANP oil regulator announced this week. Total reserves, overwhelmingly offshore, which also include probable and possible reserves, soared 34.57% to 28.47 billion barrels.
Friday, February 18th 2011 - 19:18 UTC
Chilean vineyards face shortage of field workers; most migrate to construction

Chile’s white wine grapes slated for harvest at the end of the month may not find enough hands to pick them. The grape harvest is the most labour-intensive period of the year for vineyards, but this year, vineyards having trouble tracking down temporary workers to work the harvest season.
Friday, February 18th 2011 - 16:53 UTC
“Beginning of the end for Mercosur” warn Uruguayan industrialists

The chairman of the Uruguayan Chamber of Industry, Washington Burghi, warned that Argentina’s decision to restrict imports could be “the beginning of the end” for the Mercosur. However Argentine ambassador in Montevideo said decisions are targeted against Asian imports with the purpose of defending Argentine jobs.
Friday, February 18th 2011 - 16:38 UTC
China again raised bank reserves (eight times in 12 months) to rein inflation

China’s central bank raised reserve requirements for lenders 10 days after boosting interest rates as Premier Wen Jiabao tackles accelerating inflation and the risk of asset bubbles in the fastest-growing major economy.
Friday, February 18th 2011 - 15:45 UTC
Chile hikes rates but faces dilemma of imbalances and Peso appreciation

The Central Bank of Chile (CBC) hiked interest rates by 25bps to 3.5% on Thursday night targeting growing economic imbalances and the threat of higher inflation, reports Capital Economics latest update.
Friday, February 18th 2011 - 14:42 UTC
Expanded access facilities planned for Santiago’s international airport

Chile’s Public Works Ministry (MOP) will invest 9.1 million US dollars to remodel infrastructure surrounding Santiago’s Arturo Merino Benitez International Airport in order to reduce traffic and improve experiences for air travellers.
Friday, February 18th 2011 - 14:19 UTC
Colombian president says he has FARC leader and his command on target

Colombian president Juan Manuel Santos said this week that military forces know the exact hiding place and movements of the FARC guerrilla maximum leader, Alfonso Cano, and brushed aside any chance that he might escape.
Friday, February 18th 2011 - 14:11 UTC
UK/Spain reaffirm commitment to Trilateral Dialogue on Gibraltar

UK and Spain's foreign ministers reaffirmed Thursday their commitment to the Tripartite Forum (UK/Spain/Gibralar) for Dialogue following a bilateral meeting in London, reports the Gibraltar Chronicle.
Friday, February 18th 2011 - 06:00 UTC
Japan announces the end of its annual whale hunt in Antarctica

Japan ended its annual whale hunt in Antarctica early following clashes between its fleet and protesters, Agriculture Minister Michihiko Kano said.
Friday, February 18th 2011 - 05:50 UTC
Chilean journalist reflects on Falklands’ sovereignty dispute

The benefit of encouraging opinion makers to visit the Falklands was demonstrated when an article translated as “Petrol sets the Falklands on fire” appeared on the website lanacion.cl, written by recent visitor and Chilean writer and journalist, Raúl Sohr.