Latin America

Friday, October 8th 2010 - 20:35 UTC
Chile announces drastic cuts in catch quotas, raps private sector for over-fishing

An immediate drastic reduction in fishing capture quotas and adapting to the new reality was announced this week by Chile’s Minister of Economy Juan Andres Fontaine who unexpectedly participated in the Chilean National Fisheries Council meeting.
Friday, October 8th 2010 - 00:36 UTC
Nobel Literature Prize for Peruvian author Mario Vargas Llosa

The 2010 Nobel literature prize winner Peruvian born author Mario Vargas Llosa said that he felt “a great joy'' when he was called with the news, but at first, he thought it might be a joke, ”I thought I had been completely forgotten by the Academy. I didn't even know the prize was being given this month.''
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”.