Stories for October 9th 2011

Sunday, October 9th 2011 - 10:07 UTC
Chile/Holland prepare for the 400th anniversary of Kaap Hoorn/Cabo de Hornos

Chile and Holland have begun activities in anticipation of the major celebration of the discovery of Cabo de Hornos/Kaap Hoorn which will be officially commemorated 19 January 2016.
Sunday, October 9th 2011 - 10:04 UTC
Chilean inflation in September picks up; central bank to keep buying dollars

Chilean inflation rose 0.5% in September and the trade balance narrowed as falling copper output forced the first monthly year-on-year fall in exports in over two years.
Sunday, October 9th 2011 - 09:56 UTC
China's JAC motors to build factory in Brazil, hoping to avoid higher import taxes

Chinese automaker JAC Motors announced Friday it will invest 500 million dollars to build a factory in Brazil's north-eastern Bahia state its first outside China.
Sunday, October 9th 2011 - 09:50 UTC
With time running out Berlin/Paris summit to agree on Euro banks’ recapitalization

European banks may need more than 100 billion Euros to withstand the sovereign debt crisis, Ireland estimated, ahead of a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy to work out how to recapitalise the lenders.
Sunday, October 9th 2011 - 09:45 UTC
Killers of French women tourists in Argentina described as ‘psychotic fabulist”

At least two of the three suspects currently under arrest in connection to the murder of two French tourists in the Argentine northern province of Salta last July, show signs of “psychotic, fabulist” behaviour, police authorities indicated.
Sunday, October 9th 2011 - 09:40 UTC
IDB has 3bn dollars reserve fund in the event of a major global crisis

The Inter American Development Bank, IDB, has a special reserve for emergency loans of 3 billion dollars “in the event of a major global financial crisis”, said Roberto Vellutini, IDB Vice-president following meetings in Paraguay.
Sunday, October 9th 2011 - 07:23 UTC
World Bank calls on Germany to take stronger political leadership in Euro crisis

The World Bank has called on Germany to take a stronger political leadership role in Europe in order to end the Euro zone debt crisis.
Sunday, October 9th 2011 - 07:20 UTC
Chilean controversial Patagonia mega-dam project to be appealed at Supreme Court

A Chilean appeals court in Puerto Montt voted 3 to 1 to reject seven lawsuits brought against the proposed controversial HidroAysén hydroelectric mega-dam approved by the Chilean government on May 9 of this year.