Latin America

• Wednesday, October 6th 2010 - 23:54 UTC

  IMF recommends Latam fiscal savings to address persistent capital inflows

  

  Latin America is exiting from the global financial crisis faster than anticipated, and should use the opportunity to boost fiscal savings that can slow inflation and prevent overheating, the IMF said Wednesday.

• Wednesday, October 6th 2010 - 23:39 UTC

  Speculation trapped Chilean mines could be rescued before October 18

  

  Excessive pressure on the hammer of the T-130 drill – perforating the so-called “Plan B” escape hole –prompted engineers to stop drilling and change the hammer Monday night at the San José mine in northern Chile, where 33 miners are trapped 700 meters underground.

• Wednesday, October 6th 2010 - 23:21 UTC

  Chilean state oil company ENAP strikes natural gas deposit in Tierra del Fuego

  

  Chilean state owned oil and gas company Empresa Nacional del Petroleo SA, Enap, discovered a new natural-gas well on the Arenal exploration block on the Tierra del Fuego island in the extreme south Magallanes region, the company said Wednesday.

• Wednesday, October 6th 2010 - 22:41 UTC

  Chilean wine exports reach 1.5 billion USD in 12 months, but profits down

  

  Chilean bottled wine exports soared 33.3% and 25.8% during August in volume and value helping to reach the 1.5 billion US dollars and 749 million litres in the last twelve months, with 18.9% and 11.2% increases in volume and value according to the latest release from Vinos de Chile.

• Wednesday, October 6th 2010 - 18:35 UTC

  Ecuador arrests alleged ring leaders of police revolt; denies US involvement

  

  At least 46 Ecuador's national police members were arrested for their possible involvement in last week's revolt that the administration of President Rafael Correa called a 'coup attempt' which included the 'assassination' of the Head of State, the office of the public prosecutor informed.

• Wednesday, October 6th 2010 - 18:06 UTC

  Chile tries to cool escalating conflict with Argentina

  

  Chilean Foreign Affairs minister Alfredo Moreno said Wednesday he would not make any further comments involving the serious controversy which erupted following Argentina’s decision to deny extradition of a Chilean guerrilla fighter charged with the killing of a Senator and kidnapping the son of a media owner in 1991 when democracy had been restored to Chile.

• Wednesday, October 6th 2010 - 17:39 UTC

  IMF and Kirchner administration agree: economy to expand strongly 2010/11

  

  The International Monetary Fund warned of considerably high price index inflation and seemed sceptic of official GDP growth reports in Argentina as it presented its World Economic Outlook report, although it forecast a 7.5 percent growth, with a strong expansion partly due to the favourable global scenery and a strong trade with Brazil.

• Wednesday, October 6th 2010 - 05:22 UTC

  President Piñera’s cousin and Senator says the Kirchners are not to be trusted

  

  A leading Chilean Conservative Senator said on Tuesday it is going to be very difficult to have a confidence relation “with the Argentine government, the President and the Kirchner couple” and described Foreign Affairs minister Hector Timerman as someone who lacks “human and intellectual category”.

• Wednesday, October 6th 2010 - 05:20 UTC

  Chile freezes relation and calls off series of meetings with Argentina

  

  Chilean Argentine relations deteriorated seriously on Tuesday when the government of President Sebastian Piñera announced they were calling off a series of meetings at Foreign Affairs ministerial level following on Buenos Aires decision to grant political asylum to a former guerrilla fighter.

• Wednesday, October 6th 2010 - 05:16 UTC

  Correa extends state of emergency and Army replaces police as Congress guards

  

  Ecuador's government extended a state of emergency and soldiers replaced the police as the force that guards Congress after a deadly revolt by some officers last week over a new law cutting their bonuses.