Politics

• Friday, March 19th 2010 - 15:25 UTC

  Falklands rife with speculation waiting for first oil drilling results

  

  Speculation was mounting this week on news of a potential oil strike as a promised announcement from hydrocarbons exploration company Desire Petroleum grew closer.

• Friday, March 19th 2010 - 11:10 UTC

  Chile considers increasing mining royalty to help earthquake reconstruction

  

  Marking a break from established policy, the Chilean government is considering the opposition’s proposal to increase the mining royalty tax. Government ministers are currently studying the implications of a tax increase, the money from which would be used to aid in earthquake reconstruction.

• Friday, March 19th 2010 - 03:49 UTC

  Falklands: Taiana certain UK will understand it must sit to negotiate

  

  Argentine Foreign Affairs minister Jorge Taiana said on Thursday that there has been progress in creating the “political and diplomatic conditions” for the United Kingdom to understand the need for negotiations on the Falkland Islands sovereignty.

• Friday, March 19th 2010 - 02:31 UTC

  EP president condemns arrest of Cuban political prisoners’ women relatives

  

  The president of the European Parliament has sharply condemned Cuba for arresting a group of women, all of them relatives of political prisoners, who were demonstrating in Havana on Wednesday.

• Friday, March 19th 2010 - 01:27 UTC

  Relatives of quake victims suing Chile for absence of tsunami warning

  

  Relatives of two sisters who died in the Feb. 27 tsunami are suing Chilean government agencies they claim are responsible for the absence of an adequate tsunami warning.

• Thursday, March 18th 2010 - 23:48 UTC

  Lula da Silva fined for “anticipated” electoral campaigning

  

  Brazilian Electoral Justice announced it had fined President Lula da Silva for having “anticipated” the campaign for next October presidential election, thus favouring the incumbent candidate and cabinet chief Dilma Rousseff.

• Thursday, March 18th 2010 - 23:45 UTC

  Brazil leaves basic rate unchanged at 8.75%, in divided decision

  

  The Brazilian central bank kept its benchmark Selic interest rate at a record low 8.75% in a less-than-unanimous decision, signaling that borrowing costs may rise as soon as next month.

• Thursday, March 18th 2010 - 21:30 UTC

  Chile’s quake death toll, 700 and economic damage: 18% of GDP

  

  The Chilean government has updated the death toll from the Feb. 27 earthquake, saying 700 people lost their lives during or following the quake. Interior Minister Rodrigo Hinzpeter said just over 500 are confirmed dead, with another 200 missing.

• Thursday, March 18th 2010 - 21:26 UTC

  Piñera’s first international visit Washington, next month

  

  Chile’s new president Sebastián Piñera will make his first international visit next month when he attends the Nuclear Safety Summit in Washington, responding to an invitation from U.S. President Barack Obama.

• Thursday, March 18th 2010 - 21:23 UTC

  World Bank, IMF and IDB resume links (and loans) with Honduras

  

  Inter-American Development Bank (IDB) member countries this week agreed to resume lending to Honduras, the latest development institution to recognize the new government of President Porfirio Lobo.