Economy

• Tuesday, May 10th 2011 - 09:50 UTC

  Chilean protestors clash with police as regulators approve five-dam project in Patagonia

  

  Chile approved on Monday the construction of a hydroelectric project that would flood Patagonian valleys and become the country’s biggest power generator, sparking violent protests.

• Tuesday, May 10th 2011 - 09:34 UTC

  Mass culling of farm animals when outbreak of FMD ‘unnecessary’ say scientists

  

  The mass cull of farm animals to control the spread of foot-and-mouth disease, FMD, may be unnecessary if there is a new outbreak, scientists suggest. A new analysis of disease transmission suggests that future outbreaks might be controlled by early detection and killing only affected animals.

• Monday, May 9th 2011 - 19:09 UTC

  Brazil plans to send thousands of students to learn abroad on scholarships

  

  Brazilian President Dilma Rousseff said that Brazil is the seventh economy in the world and announced that the government is to finance scholarships abroad. “We are the world’s seventh economy and this is due to the effort and sweat of those who made this country grow,” she claimed.

• Monday, May 9th 2011 - 18:52 UTC

  Cuban government plans to allow residents to travel abroad as tourists

  

  The Cuban government said Monday that it plans to study ways to allow residents of the island to travel abroad as tourists, suggesting it will ease the bureaucratic hurdles and outright restrictions that prevent many residents from leaving.

• Monday, May 9th 2011 - 18:48 UTC

  Repsol plans to sell an additional 3% of YPF in the Argentine market

  

  Spain’s oil company Repsol plans to sell up to 3% of YPF on the Argentine market as part of a gradual divestment of its stake in that unit, according to company sources.

• Monday, May 9th 2011 - 18:45 UTC

  Argentines no longer the world’s king “beef consumers”

  

  Argentines are no longer the king ‘beef-consumers’ with the average 63.3 kilos per person per year in the 2003/2010 period falling to 46.7 kilos in the first quarter of this year, according to Economia & Regiones private consultancy report.

• Monday, May 9th 2011 - 16:54 UTC

  Global central bankers concerned with commodity markets’ volatility

  

  Global central bankers voiced concern about recent volatility in commodity markets, saying they needed to better understand its impact on inflation at a time when some emerging economies may be overheating.

• Monday, May 9th 2011 - 11:06 UTC

  Chile’s consumer inflation falls in April, but still above official target

  

  Chile’s consumer prices rose 0.3% in April from March, reported the National Statistics Institute. Annual inflation reached 3.2%, down from 3.4% a month earlier, and 1.6% in the first four months of 2011.

• Monday, May 9th 2011 - 06:46 UTC

  Chilean industrial production booming; unemployment steady at 7.3%

  

  Industrial production in Chile increased at the fastest ever pace in the 12-month period ended March, data released by the National Institute of Statistics revealed. Industrial output climbed a record 30.9% in the year ended March, marking the biggest growth in the history of the indicator. In February, output rose 1.9%.

• Monday, May 9th 2011 - 06:09 UTC

  IDB opens discussion on food prices shock, inflation and protecting the urban poor

  

  Rising international food prices could trigger an acceleration of inflation in several countries in Latin America and the Caribbean this year, highlighting the need for policies to protect the urban poor, according to a new study by the Inter-American Development Bank, (IDB).