Stories for 2011

Thursday, June 23rd 2011 - 18:01 UTC
Italy’s Dragui confirmed at the next president of the European Central Bank

The European Parliament formally endorsed on Thursday Italy's Mario Draghi to be the next president of the European Central Bank. European Union leaders are expected to give their formal backing to the appointment at a summit allowing Draghi, 63, to take over as head of the bank when Jean-Claude Trichet steps down at the end of October.
Thursday, June 23rd 2011 - 17:53 UTC
The volcanic ash cloud fools forecasts: flights to Argentine Patagonia delayed

The Puyehue volcano ash cloud has again fooled forecasts and submitted air travellers to further misery. A number of flights to Argentine Patagonia were cancelled Thursday morning due to the shift in the movement of the lingering ash cloud and was predicted to reach Buenos Aires Province over the course of the next few hours.
Thursday, June 23rd 2011 - 17:49 UTC
Argentine Patagonia faces major agriculture and tourism disaster

While air passengers in the Southern hemisphere continue exposed to the vicissitudes of the volcanic ash cloud Patagonian farmers have a much serious problem: feeding 1.5 million sheep and livestock when fields are covered with sludge of volcanic debris and snow.
Thursday, June 23rd 2011 - 13:23 UTC
Chile’s fourth retail chain collapses under 1bn USD debt; super manager contracted

La Polar, Chile’s fourth largest retail chain is in deep water. Company stock has fallen 80% in the last two weeks and the entire board of directors has offered to resign.
Thursday, June 23rd 2011 - 09:10 UTC
“Cork” of lava threatens new explosion at Puyehue volcano warns Chile

Chilean experts warned Wednesday that a “cork” of lava could lead to another explosion at the Puyehue volcano, which has caused major flight disruptions from Argentina to Australia.
Thursday, June 23rd 2011 - 09:05 UTC
Cristina Fernandez takes off with 42% vote intention and 25 points lead

Argentine president Cristina Fernandez de Kirchner has a 42% vote intention and in some districts of the country her support soars to 70%, according to consultants Public Opinion Studies, Centre, CEOP, released on Wednesday. Similarly Cristina Fernandez has at least a 25 points lead over her closest runner up.
Thursday, June 23rd 2011 - 08:58 UTC
A Uruguayan debt ‘profiling’, an option to help Greece avoid defaulting

With Greece on the precipice of financial collapse and a full Euro confidence crisis looming while EU leaders can’t agree on the next steps, the example of Uruguay in 2002/03 stands out as a successful smart way out of the crisis that spilt over from neighbouring Argentina.
Thursday, June 23rd 2011 - 08:52 UTC
“Problematic” accounting practices in 37% of Cuban state companies audited

“Deficient” or “problematic” accounting practices have been exposed in 37% of Cuban government companies according to the latest report from the Comptroller General, Gladys Bejerano.
Thursday, June 23rd 2011 - 08:48 UTC
LAN becomes best Airbus client in Latam: it ordered 20 Airbus A320neos

Chile’s LAN Airlines has placed a firm order at the 49th Le Bourget Airshow for 20 eco-efficient Airbus A320neos as part of its expansion strategy and fleet-renewal program. The aircraft are expected for delivery 2017/2018.
Thursday, June 23rd 2011 - 04:11 UTC
Falkland Islands competitors skip ash cloud and are en route to Island Games

Falkland Islands competitors and delegates, with patience and persistence, finally managed to skip the volcanic ash cloud and are on their way to the Isle of Wight for the NatWest Island Games which open next Saturday.