Stories for May 24th 2011

Tuesday, May 24th 2011 - 06:43 UTC
Chile’s ENAP successfully drills natural gas well in Tierra del Fuego

Chile’ oil and gas company ENAP announced Monday the discovery of natural gas at a recently drilled well in the Arenal block to the north-west of Espora Peninsula, Tierra del Fuego.
Tuesday, May 24th 2011 - 06:39 UTC
Korean conglomerate LGI secures oil block in southern Chile

GeoPark oil and gas company with operations in Latin America announced in a joint release the definitive sale of oil and gas exploration and production blocks in the south of Chile to the Korean conglomerate LG International Corporation.
Tuesday, May 24th 2011 - 06:30 UTC
Massive demonstrations in Chile to protest Piñera’s annual speech to Congress

Citizens protested on the streets of 27 Chilean cities on Saturday. The demonstrations were strategically planned to coincide with President Sebastián Piñera’s annual May 21 speech. In many areas, peaceful demonstrations morphed into violent riots.
Tuesday, May 24th 2011 - 06:08 UTC
Chile and Argentina probe alleged bribe case involving Lan and President Piñera

Chilean prosecutors have opened an investigation into an alleged bribe paid to a former Argentine minister by Chile’s flag carrier Lan sometime in 2006/2007 to help with the opening of operations in Argentina. At the time Chilean president Sebastián Piñera was the main share holder of the airline.
Tuesday, May 24th 2011 - 06:02 UTC
Global sea level projected to rise by one metre by 2100, says Australian report

The Australian Climate Commission has warned that acceleration of sea level-rise will be faster than anticipated. Global sea level is projected to rise by one meter by 2100, according to the Commission's first report published on Monday.
Tuesday, May 24th 2011 - 03:19 UTC
Chile exhumes Allende’s remains to end a long standing controversy

Investigators in Chile exhumed Salvador Allende’s remains on Monday as part of an inquiry into the former president’s death in a military coup 37 years ago. Allende died during a September 1973 military attack against the presidential palace that led to 17 years of dictatorial rule.
Tuesday, May 24th 2011 - 02:54 UTC
Reutemann says CFK will seek re-election and downplays clashes with organized labour

A leading and respected Argentine Senator forecasted he is certain that President Cristina Fernández de Kirchner will be seeking re-election in the October presidential elections, and assured that her recent clash with the organized labour CGT unions’ umbrella are “nothing but mere disagreements.”
Tuesday, May 24th 2011 - 01:01 UTC
Bank of America expands in Brazil with new commercial license

Bank of America Corp. is expanding in Brazil with a new commercial banking license that will allow it to take deposits and offer cash-management services to corporate clients in the country.
Tuesday, May 24th 2011 - 00:59 UTC
One in four Italians faces poverty because of the economy’s chronic low growth

One Italian in four currently faces poverty as a result of the global financial crisis and their country's chronically low growth, the national statistics institute Isat said on Monday in a report.
Tuesday, May 24th 2011 - 00:54 UTC
Euro troubles and slower growth in China and EU hit Latin American markets

Latin American stocks fell to an eight-month low on Monday triggered by concerns that the Euro zone debt problem was deepening and signs of slower growth in China. The region’s largest market Brazil’s Bovespa ended at its lowest since July 2010