Stories for October 2011

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.
Saturday, October 8th 2011 - 09:29 UTC
LAN surprises restaurant patrons with free roundtrip tickets to South America

LAN Airlines, South America's premier airline, has just surprised patrons of New York restaurant Nuela with tickets to the region. Close to 200 unsuspecting diners were presented with vouchers that can be redeemed for one roundtrip ticket to such thrilling destinations as Ecuador, Peru, Chile, and Argentina.
Saturday, October 8th 2011 - 08:39 UTC
Brazil’s inflation above target and at its highest annually since May 2005

Annual inflation in Brazil hit a six-year high in September, government data showed on Friday. The benchmark IPCA consumer price index rose 7.31% in the 12 months through September -- above the official target range ceiling of 6.5% for the sixth straight month and the highest 12-month rate since May 2005.
Saturday, October 8th 2011 - 08:29 UTC
Santiago de Chile is experiencing highest levels or solar radiation since 2008

Ultraviolet (UV) radiation has increased three points compared to last September in Santiago de Chile, according to a study released by Chile’s National Cancer Corporation (Conac) and the UV monitoring network of the Universidad de Santiago (USACH).