Stories for May 2011

Sunday, May 22nd 2011 - 22:46 UTC
Argentina and Peru main recipients of Chilean investments in services sector

Argentina and Peru are the top recipients of Chilean overseas investments in the service sector according to report released last week covering a two decade period from 1990 to 2010.
Sunday, May 22nd 2011 - 22:32 UTC
UK ends military operation in Iraq which was started in 2003

UK's military operation in Iraq will officially end midnight Sunday, the Ministry of Defence has confirmed. It comes after the Royal Navy completed its training of Iraqi sailors, with the last personnel leaving the country on Friday.
Sunday, May 22nd 2011 - 22:25 UTC
The HydroAysén project and why Chile’s old institutional order can’t cope with change

By José Aylwin - The Santiago Times Publisher Steve Anderson’s editorial note: There are many reasons for the ongoing Chilean national anguish about the US$7.5 billion HidroAysén dam in Patagonia and transmission line project.
Sunday, May 22nd 2011 - 22:16 UTC
Chile plans a museum in Antarctica to honour pioneers and attract tourism

The Magallanes regional authorities in Chile’s extreme south are planning to open a museum in the country’s Arturo Prat Antarctic base. Objects and images of Chile’s national presence on the continent will be on display.
Sunday, May 22nd 2011 - 13:26 UTC
Argentine economic activity expands 7.8% in March over a year ago

Economic activity in Argentina expanded 7.8% in March compared to the same month a year ago and 0.5% over February, according to the provisional percentages from the government’s National Statistics Institute, INE.
Sunday, May 22nd 2011 - 13:17 UTC
Catholic Church points to politicians on corruption and discredited institutions

The Latin America Catholic Church Episcopal Council, Celam, sent a strong message to the political establishment saying it is painful to see so many people victims of the narcotics trade and so many young people disenchanted with institutions because of corruption. Celam held its XXXIII two-day Ordinary Assembly in Montevideo.
Sunday, May 22nd 2011 - 13:09 UTC
Greece’s credit rating downgraded and risks a ‘sovereign default’

Greece’s credit rating was cut on Friday three levels by Fitch Ratings, which said that even a voluntary extension of its bond maturities being studied by EU policy makers would be considered a default.
Sunday, May 22nd 2011 - 12:58 UTC
Standard & Poor’s ‘yellow card’ for Italy; promise of balanced budget in 2014

Italy’s Treasury said it will “intensify” structural changes in the economy and push ahead with measures to balance the budget by 2014 after Standard & Poor’s said its debt rating is at risk of a downgrade.
Sunday, May 22nd 2011 - 12:48 UTC
London and Madrid address Spanish incursions into Gibraltar waters

British Foreign Minister William Hague raised the UK’s concerns over Spanish incursions into Gibraltar waters during a meeting with his Spanish counterpart last February, according to a response to a question in the House of Lords.
Sunday, May 22nd 2011 - 12:40 UTC
Rousseff’s main advisor describes Brazil/Argentina relations as “fine”

Brazilian president Dilma Rousseff's international affairs advisor Marco Aurélio García lowered the tone of the trade conflict with Argentina and said that the relationship between both countries “is fine” despite the trade barriers that Brazil imposed on the import of Argentine cars.