Stories for May 2011

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
Tuesday, May 24th 2011 - 00:48 UTC
Argentina auto industry vows export surplus in 2012 after a 6 billion USD deficit in 2010

Ford Motor Argentina is the latest carmaker to sign an agreement with the government to boost exports to compensate for increased imports. Ford has vowed to boost its export surplus to 90 million USD by 2012, the Economy ministry said in a press release Monday. That follows a deficit of 250 million USD in 2010.
Tuesday, May 24th 2011 - 00:46 UTC
Argentina’s April trade surplus suffers significant contraction on soaring imports

Argentina's trade surplus narrowed 38% in April compared to a year ago with imports increasing far more swiftly than exports, official data showed on Monday.
Tuesday, May 24th 2011 - 00:40 UTC
S&P revises upward Brazil’s sovereign credit rating from stable to positive

Standard & Poor's said on Monday it had revised its outlook on Brazil's sovereign credit rating to “positive” from “stable,” citing the prospect for steady, long-term economic growth.
Monday, May 23rd 2011 - 15:57 UTC
Next RN Ice patrol in Portsmouth; in June she becomes HMS Protector

The next Royal Navy Ice patrol vessel is expected this week in Portsmouth where she will be taking over the navy’s Antarctic mission in November following the accident suffered by HMS Endurance in 2008.